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Arcandor throws in towel after aid bid fails

German retail group Arcandor AG threw in the towel on Tuesday, filing for insolvency after the Berlin government rejected its request for emergency state aid.

Back-to-school shopping to test retail resilience

As students study for final exams, the retail industry is gearing up for its biggest test so far this year -- the back-to-school shopping season. After cutting costs to cope with slack consumer demand during the recession, retailers hope the economy will start to recover in the second half of the year.

Shell says more global refining capacity than needed

Royal Dutch Shell (RDSa.L: Quote, Profile, Research, Stock Buzz) CEO Jeroen van der Veer said on Monday that looking at current poor margins, the world has more oil refining capacity than needed.

Most U.S. retailers' May sales miss expectations

Most retailers posted disappointing May sales as recession-weary shoppers cut spending at stores ranging from high-end chains to discounters like Target Corp , pushing down retail shares.

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U.S. retail lull means prep time for international expansion

U.S. retail giants in home furnishings, food and clothing are expected to push into emerging markets such as Mexico, Brazil and China, once the U.S. economy and cash flows improve, executives said.

U.S. retailers running out of room to cut costs

U.S. retailers, which have banked heavily on cost cuts to guard margins in the recession, may be running out of ways to trim expenses further -- putting future profits in jeopardy, unless consumers open their wallets soon.

Temporary leases please U.S. malls and retailers

Small, nimble retailers are taking advantage of the recession and larger rivals' woes as they move into abandoned U.S. store fronts with short-term leases negotiated at a discount.

Target, BJ's Wholesale results beat the Street

Target Corp reported a better-than-expected profit on Wednesday as the No. 2 U.S. discount retailer offset sluggish sales by keeping a tight control on inventory and expenses, while its credit card business was profitable.

Home Depot beats Street but is outshone by Lowe's

Home Depot Inc reported higher-than-expected quarterly earnings as massive cost cuts offset weak sales, but its shares fell as investors found the results disappointing in comparison with those of smaller rival Lowe's Cos Inc .

Wall Street rises as housing data weighed

Stocks moved higher on Tuesday as investors bet that April's slide in U.S. housing starts and permits signaled that the housing market may soon stabilize as the supply of new homes dwindles.

Cheaper iPhone with no data plan possible: analyst

Apple Inc could offer lower-cost versions of the iPhone, and without the obligatory monthly data service plan, in hopes of significantly boosting sales, according to one influential technology analyst.

Wall Street up as Lowe's results sweeten economic mood

Stocks rose on Monday as solid results from the No. 2 U.S. home improvement retailer, Lowe's Cos Inc , fueled hopes the recession was easing and consumer spending stabilizing.

Kuwait's Alghanim eyes Asia industry acquisitions

Kuwaiti conglomerate Al Ghanim Industries is looking at industrial acquisitions in Asia to help it diversify away from the Gulf region, where its revenues have been flat this year, the CEO said on Saturday.

Penney, Abercrombie dull retail hopes

Retailers J.C. Penney Co Inc and Abercrombie & Fitch Co posted results that showed further evidence U.S. consumers were still cutting back on non-essential items, with Penney also warning profit for the year would be worse than analysts expected.

Asia stocks drop, U.S. retail sales dents rally

Asian stocks took a hit on Thursday as weak U.S. retail sales underscored the long road to economic recovery, prompting profit-taking on winning bets in equities, higher-yielding currencies and commodities over the past two months.

Wall Street falls after weak retail data

Stocks tumbled on Wednesday as worse-than-expected retail sales hurt shares in the sector, including Wal-Mart Stores Inc, and dampened recent enthusiasm over the economic outlook.

Wall Street falls as retail data blurs economic outlook

Stocks slumped on Wednesday after retail sales data came in worse than expected, hurting shares in the sector including Wal-Mart Stores Inc and blurring the economic outlook.

Wall Street lower as retail sales, Europe outlook weigh

U.S. stocks retreated on Wednesday after key U.S. retail sales data came in worse than expected, dampening hopes of a quick economic recovery.

Wall Street lower as retail sales weigh

Stocks fell on Wednesday after key U.S. retail sales data came in worse than expected, dampening hopes of a quick economic recovery.

Stock futures point down 1.5 percent after retail sales data

Stock index futures pointed to a drop of more than 1.5 percent at the open on Wednesday after key U.S. retail sales data came in worse than expected, dampening hopes of a quick economic recovery.

Stock futures point lower as retail sales eyed

Stock index futures fell about 1 percent on Wednesday as investors waited for key retail sales data for an indication of the mood of the U.S. consumer.

Stock futures point to lower open as retail sales eyed

Stock index futures pointed to a slightly lower open on Wednesday as investors waited for key retail sales data for an indication of the mood of the U.S. consumer.

Stock futures mixed as investors brace for retail sales data

Stock index futures pointed to a mixed open on Wall Street on Wednesday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures flat and Nasdaq 100 futures down 0.1 percent at 4:40 a.m. EDT.

Sickly market sparks commercial mortgage feud

As the market for U.S. office, retail and apartment building loans heads south, investors in commercial mortgage-backed securities and servicers of the loans are feuding over how to best save their skins.

Chrysler hearing delayed on GMAC

GMAC has

Chrysler hearing delayed on GMAC issues: lawyers

GMAC has issues with some details in a possible agreement to provide financing to Chrysler dealers and customers, attorneys for Chrysler and Chrysler Financial said on Tuesday, and the objections have delayed a hearing on whether GMAC can provide the financing.