King relaxed about retail figures
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Bank of England governor Mervyn King rules out any knee-jerk reaction to poor Christmas retail sales, saying such behaviour would be "foolish".
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Products like gas, used cars and childrenâs clothing dropped, canceling out inflation in other categories.
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Rumours of Mervyn King's resignation are denied after Â£10bn U-turn on money markets.
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Business & money: Chief executive warns of tougher times until 2009 as retailer reveals first drop in two and a half years
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WASHINGTON - Reports on retail sales and producer prices show US economic growth has cooled since its third-quarter spurt, while inflation slows.
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A leading forecaster of advertising spending has again reduced his estimate for growth in the United States this year, joining other experts who have also trimmed their predictions.
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NEW YORK -- The nation's retailers, once hopeful for a strong spring selling season, are being forced to ratchet down their expectations after sales stalled amid the chill of February.
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After a record-setting quarter, the retailer expects momentum to slow.
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Business & money: Retail chain warns that consumer spending will decline over the next six months
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The retailer's same-store sales decline.
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Retail sales slowed last month, official data showed Thursday, as the country&#39;s wettest June on record kept consumers away from the highstreet.
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Business & money: Thomas Cook shrugs off fears of a spending slowdown by reporting healthy sales
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The King is dead--or so they say. But the assets live on. 27 years after Elvis Presley&#39;s demise was reported, the singer still sells albums and memorabilia, takin&#39; care of business to the tune of $40 million annually.
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The pound was stable in early afternoon trading after weaker-than-expected retail sales data.
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The UK economy lost momentum in the third quarter but is picking up in the fourth, says Bank of England governor Mervyn King.
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This retailer's still trying to loosen up.
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Electronics retailer trims guidance as Americans curb spending.