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PPR raises $1.22 billion in CFAO IPO

French retail and luxury goods group PPR raised 806 million euros ($1.22 billion) from the oversubscribed listing of its Africa-focused CFAO unit, France's biggest public share offering in two years.

Staples results top estimates, sees sales rising

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Dhanya SkariachanStaples Inc reported quarterly results that topped analyst estimates and forecast a sales rise in the current quarter as trends improve at its North American retail business.
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Retailers guard profits as holiday sales start

Sales may have risen only slightly on Black Friday as U.S. shoppers sought deals on electronics, toys and clothes, but retailers appeared to have been better-prepared to protect margins against tepid results.
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U.S. retailers guard profits as holiday sales start

Sales may have risen only slightly on Black Friday as U.S. shoppers sought deals on electronics, toys and clothes, but retailers appeared to have been better-prepared to protect margins against tepid results.
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Weary of old wardrobes, women buying clothes again

Even before the U.S. economy headed south over a year ago, many U.S. women eschewed clothing purchases for themselves, given tight budgets, a clampdown on credit limits and merchandise that offered little dazzle.
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Philippines' EDC sells $255 mln in bonds

Philippine power producer Energy Development Corp said on Tuesday it has raised 12 billion pesos ($255 million) from the sale of fixed rate bonds to refinance maturing debt.
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More retail brokers mull breaking away: study

As the economy shows signs of stabilizing, major retail brokers are increasingly comfortable with leaving the largest brokerage houses and setting out on their own, according to a company that provides services to the brokers.
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US commercial property pop mulled as trough nears

U.S. commercial properties getting clobbered today are likely to hit bottom in 2010 then claw back a third or more of their lost valuations over three years, according to a report by Maximus Advisors.
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Black Friday deals may not signal retail comeback

When the U.S. holiday shopping season kicks off on the day after Thanksgiving, retailers can expect to see millions of less frightened but even more bargain hungry customers cross their thresholds.
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Commercial Real Estate Forecast Uncertain

The recent deep economic downturn has had a pronounced impact on commercial real estate sectors, but credit availability is the big unknown that will determine how soon commercial markets recover, according to the NATIONAL ASSOCIATION OF REALTORS®.
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Retail sales surge on autos, manufacturing slows

U.S. retail sales grew more than expected last month as vehicle purchases bounced back, but non-auto sales rose modestly, suggesting consumers remained too cautious to drive a robust economic recovery.
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Developers Diversified ends CMBS drought

U.S. mall owner Developers Diversified Realty Corp snapped a dry spell of nearly a year and a half by selling $400 million of new commercial mortgage bonds on Monday, with help from an emergency Federal Reserve lending program.
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Strong autos to lift Oct U.S. retail sales

U.S. retail sales rebounded in October as vehicle purchases rose even without support from government incentives, a Reuters survey predicted, which could allay some fears over the strength of the economy's recovery.
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Stocks rise on retail sales, commodities

U.S. stocks rose sharply on Monday, adding to two weeks of gains, as data showed consumers spent more than expected in October and a decline in the U.S. dollar helped lift commodity prices and boost natural resource stocks.
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Stocks open up after retail sales data

U.S. stocks opened higher on Monday, adding to two weeks of gains, as a decline in the U.S. dollar helped lift commodity prices and boost natural resource stocks, while data showed consumers spent more than expected in October.
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Retail sales rise faster-than-expected

Sales at U.S. retailers rose more than expected in October as consumers bought more motor vehicles and other goods, but the previous month's figures were revised sharply downward, a government report showed on Monday.
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Strong autos to lift October U.S. retail sales

U.S. retail sales rebounded in October as vehicle purchases rose even without support from government incentives, a Reuters survey predicted, which could allay some fears over the strength of the economy's recovery.
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Stock futures signal gains; retail sales eyed

Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.84 percent, Dow Jones futures up 0.57 percent and Nasdaq 100 futures up 0.55 percent at 0925 GMT (4:25 a.m. EST).

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