U.S. stock index futures were modestly higher on Friday, a day after the S&P hit a 17-month closing high and ahead of reports that could give clues into the strength of the American consumer.
Plans by Carrefour, the world's No.2 retailer, to open its first cash-and-carry outlets in India are a sign of optimism in the country's $450 billion retail sector, but foreign investors and some officials want more -- an easing of the country's tough investment rules.
Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 up 0.4 percent, Dow Jones futures down 0.01 percent and Nasdaq 100 futures up 0.01 percent.
British bank Barclays Plc is looking to buy a retail bank in the United States to extend its presence after buying Lehman Brothers North American operations in 2008, the Wall Street Journal reported on Tuesday, citing people close to the matter.
Online retail sales in the United States could reach $248.7 billion by 2014, growing 60 percent from 2009, according to a study released on Monday.
U.S. bank regulators closed four banks in as many states on Friday, bringing the number of failures so far this year to 26 as deteriorating loans continued taking a toll on financial institutions.
U.S. retailers posted their best monthly sales performance since just before the recession started in 2007, as lean inventories meant they did not need to resort to steep discounts.
Stocks rose on Thursday as better-than-expected monthly sales from retailers and a drop in the number of Americans filing claims for jobless benefits pointed to stabilization in the economy.
Stocks rose on Thursday as better-than-expected monthly sales from retailers and a drop in the number of Americans filing claims for jobless benefits pointed to stabilization in the economy.
Stocks rose on Thursday as better-than-expected monthly sales from retailers and a fall in the number of Americans filing claims for jobless benefits pointed to stabilization in the economy.
U.S. retailers posted their best monthly sales performance since just before the recession started in 2007, as lean inventories meant they did not need to resort to steep discounts.
Stocks pared early gains on Thursday, hurt as weaker-than-expected energy demand hit the oil and gas sector, offsetting solid February retail sales figures.
When Dell Inc reported its fourth-quarter results last month, the announcement included a surprising figure -- an 81 percent jump in the PC maker's China sales during the quarter.
Record snow along the U.S. East Coast and other regions likely muted retail sales in February, limiting increases in what was expected to be an easy month for retailers to show big gains over last year.
For retailers that sell everything from toilet paper to refrigerators, 2010 may be more about winning sales from competitors than about getting consumers to buy a lot more of their merchandise.
Target Corp posted a quarterly profit slightly above Wall Street expectations, but investors had hoped for a bigger improvement and shares fell 1 percent.
Wal-Mart Stores Inc will buy the Vudu movie service in a deal that puts the world's largest retailer in competition for online delivery of films with the likes of Netflix Inc, the New York Times reported on Monday.
Ebay Inc urged European regulators to drop a requirement for Internet retailers to have bricks-and-mortar shops, warning it would hurt small firms, keep prices high and stifle e-commerce.
EBay would consider acquisitions in the $5 billion Russian online retail market to help maintain a foothold in the country, Chief Executive John Donahoe said.
Sales at retailers were unexpectedly strong last month, suggesting consumers were feeling a little more comfortable to spend and improving prospects for first-quarter economic growth.
U.S. consumer confidence slipped in February, but a stronger than expected rise in retail sales last month suggested households were feeling a bit more comfortable to spend and sustain the economic recovery.