One of the leading global specialty retailers, Gap Inc. (GPS), continues to record comparable store sales results in the red. Last January, Gap registered a decline of 4% in same-store sales for the four-week period ended January 28, 2012, with sales declining across the board. The year-over-year comparison also looked jaded with the company recording [...]
Honeywell International Inc.’s (HON) reported fourth-quarter 2011 earnings results before the market opened today. Pro forma earnings per share were .05 in the reported quarter, above the Zacks Consensus Estimate of .04. Mark-to-market pension expense in the quarter was .45 per share, including which the company incurred a loss per share of 40 cents. For [...]
You can read the lies for yourself here: Japan’s giant pension fund sees asset sales steady next year.
This has to be one of the worst articles I’ve ever read, full of more lies I’ve ever seen.
“Mitani said the 2.5 trillion yen may be recovered under the third supplementary budget that the government is now discussing, although he is not yet certain.”
i.e. He has no idea what’s going on and he’s lying. It gets worse:
“The March 11 earthquake has not prompted a reshuffling of the fund’s portfolio, Mitani said.”
Wow…how is this clown in charge of anything but a pig farm on his own land?
It gets better:
“”We’ve closely watched the market after the earthquake. Market volatility increased temporarily, but in general the impact of the earthquake was limited,” Mitani added.”
Limited to 20,000 dead? Mitani, you are the worst economist to ever live. if you had been on Game of Thrones you would have been killed before the pilot.
Replace clowns such as Mitani with real men.
“He added that the outlook on asset sales was unclear beyond 2012/13.”
That would be seven months from now.
An economy cannot recover when clowns are in charge.
In January, existing home sales ran at a seasonally adjusted annual rate of 5.36 million. That pace is 2.7% higher than in December, and 5.3% above the year-ago rate. The year-ago rate of 5.09 million was depressed as everyone was rushing to get the deals done in November 2009 before they thought the first time [...]
The U.S. saw a significant rise in light vehicle sales in January. It grew significantly by 17% to a seasonally adjusted annual rate (SAAR) of 12.6 million units in January, reflecting a strong uplift in the industry. SAAR reached the highest level during the month since the cash-for-clunkers program in the summer of 2009. All [...]
(Reuters) – General Motors Co’s (GM.N) U.S. sales rose 11 percent overall in November, slightly less than gains projected for the industry amid a slow but steady return in consumer demand from the depressed levels of a year ago.Read the full story HERE.
(Reuters) – Pending sales of existing U.S. homes unexpectedly surged in October, data from a real estate trade group showed on Thursday, despite concerns that problems in the foreclosure process might curtail activity. Read the full story HERE.
(Reuters) – U.S. retailers reported stronger-than-expected sales for November, as shoppers flocked to stores and spent more during the annual discount bonanza known as Black Friday. Read the full story HERE.
New York Times - Sales at the nation’s retailers and food service establishments rose in October compared with the previous month, according to government figures released on Monday, providing a glimmer of hope that consumer spending was set to improve in the fourth quarter. Read the full story HERE.
Filed under: Positive Economic News, retail Tagged: consumer spending, consumer spending reports, economic news, good economic news, Positive Economic News, positive news about the economy, retail news, retail sales
Bristol-Myers Squibb Company’s (BMY) third quarter 2010 earnings (excluding special items) of .59 per share surpassed the Zacks Consensus Estimate by .06. The company had earned .47 per share in the year-ago quarter.
On a reported basis (including special items), Bristol-Myers’ earnings in the reported quarter climbed 22% to .55 per share. Even though Bristol-Myers’ lead [...]