Tuesday, August 17, 2010
U.S. stocks rise after upbeat retail earnings
Date: Tue, Aug 17, 2010 at 12:00 PM
U.S. STOCKS RISE AFTER UPBEAT RETAIL EARNINGS
NEW YORK (Dow Jones)--U.S. stocks climbed Tuesday as earnings from key retailers gave investors reason to focus on encouraging corporate reports rather than the latest round of mixed economic data.
NEW YORK (Dow Jones)--U.S. stocks climbed Tuesday as earnings from key retailers gave investors reason to focus on encouraging corporate reports rather than the latest round of mixed economic data.
WAL-MART'S PROFIT RISES; FORECAST BOOSTED
The retail giant says demand from Mexico and overseas markets drove the company's growth, while sales in the U.S. remained flat.
HOME DEPOT PROFIT HIGHER, SEES MORE TRANSACTIONS
The largest U.S. home-improvement retailer manages to control costs against the backdrop of a still-wobbling housing market.
WAL-MART, HOME DEPOT LIFT RETAILER SHARES
Earnings reports from Wal-Mart Stores and Home Depot Inc. helped lift the retail sector in early trading Tuesday.
Earnings reports from Wal-Mart Stores and Home Depot Inc. helped lift the retail sector in early trading Tuesday.
POTASH CORP. SOARS; $38.6 BILLION OFFER REJECTED
Shares of Potash Corp. of Saskatchewan rally as investors anticipate a higher acquisition bid after the world's top fertilizer producer rejects a $38.6 billion unsolicited takeover offer from mining giant BHP Billiton.
Shares of Potash Corp. of Saskatchewan rally as investors anticipate a higher acquisition bid after the world's top fertilizer producer rejects a $38.6 billion unsolicited takeover offer from mining giant BHP Billiton.
