August auto sales seen steady, gains for Toyota
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U.S. automakers surrendered more market  share in August as sales incentives and gains by Asian  automakers kept overall sales steady, analysts said on  Thursday, a day before car makers release monthly U.S. sales  results.
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After a dismal start to summer, August looked a little brighter for the auto industry despite continuing concern over high gas prices and turbulence in the housing and financial markets.
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As promised, the retailer reported strong same-store sales in August.
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DETROIT -- Ford Motor Co.'s sales dropped 14.4 percent in August as the struggling automaker ran into a declining market that analysts blame on rising mortgage payments and turmoil in the financial markets.
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Confidence at major Japanese companies remained unchanged from three months ago, a closely watched Bank of Japan survey showed, possibly reinforcing expectations that the central bank would raise interest rates in August.
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Retail sales edged up in August but they posted the biggest decline in almost a year when car sales were stripped out as consumer spending softened, a government report on Friday showed.
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Manufacturing activity rose in August for the 15th consecutive month, but at a slower rate than reported in July, according to a monthly report released Wednesday by the Institute for Supply Management, a research group.
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After an extended summer vacation, Wall Street is expected to get back to its normal energetic pace this week with the release of August consumer price and retail sales reports.
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WASHINGTON &#151; Sales of new homes rose by 9.4 percent in August, the Commerce Department said yesterday, as mortgage interest rates remained at low enough levels to continue enticing buyers worried about future rate increases.
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Sales at retailers rose a  smaller-than-expected 0.3 percent in August and they recorded  the biggest decline in almost a year when car sales were  stripped out, a government report showed on Friday.
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No. 5 automaker hurt by slow Mercedes sales, but Chrysler remains steady.
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General Motors Corp  on Tuesday  said U.S. sales rose more than 5 percent in August, boosted by  strong demand for its pickup trucks and sport utility vehicles.
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The 0.3 percent increase in retail sales was about half what had been expected. In another sign of weakness, industrial production in August edged up by just 0.2 percent.
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U.S. retail sales posted a  larger-than-expected decline in August, a Commerce Department  report on Tuesday showed, but the drop was mostly confined to  the automotive sector.
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Manufacturing activity rose in August for the 15th consecutive month, but at a slower rate than in July, according to a monthly report released Wednesday by the Institute for Supply Management, a research group.
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A recovery in the economy later this year will keep U.S. vehicle sales from plunging as deeply as the most bearish forecasts suggest, according to an outlook released on Sunday by the group representing U.S. auto dealers.
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Sales of new U.S. homes unexpectedly   rose in August to a seasonally adjusted 1.050 million   annualized rate after a sharp downward revision in July's   tally, while the inventory of homes for sale eased slightly, a   government report showed on Wednesday.