Gap breaks negative sales trend; ups outlook
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Struggling apparel retailer Gap Inc.  said on Thursday that for the first time in a year its monthly sales did not decline, and nudged up its outlook, sparking the stock to jump as much as 4.4 percent.
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U.S. new home sales fell a steeper-than-expected 9 percent in November, but business activity elsewhere perked up this month, according to reports on Friday that showed pockets of strength in the economy despite a housing sector meltdown.
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U.S. stocks pared losses and the Standard & Poor's 500 index  briefly turned positive on Tuesday after a report showed the pace of existing home sales unexpectedly rose in October.
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U.S. regional supermarket chain Great  Atlantic & Pacific Tea Co. GAP.N on Friday reported a   wider-than-expected quarterly loss as it pushed ahead with a  reorganization and called its near-term outlook "conservative."
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Sales remain strong, but steps to lower inventory levels negatively affect earnings.
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America's consumers came off a buying binge and were somewhat less jolly spenders in November. New-home sales, meanwhile, cooled from a record high, while demand for big-ticket manufactured goods rebounded.
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U.S. retail sales outside the auto  sector firmed in February, but were restrained by the housing  slump and rising gasoline prices, according to a report  published Monday.
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Gap Inc. GPS.N, the largest U.S.  specialty apparel retailer, on Thursday reported a slight  decline in quarterly profit, meeting lowered forecasts, after  summer clearance sales drew surprisingly small crowds.
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Retail sales rose a  less-than-expected 0.1 percent in February despite firm  automotive sales as building materials and general merchandise  sales slumped, a Commerce Department report showed on Tuesday.
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U.S. new home sales fell a  steeper-than-expected 9 percent in November, but business  activity elsewhere perked up this month, according to reports  on Friday that showed pockets of strength in the economy  despite a housing sector meltdown.
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WASHINGTON - Shoppers got their buying groove back last month, propelling sales at the nation's retailers by a strong 1.5 percent, the best showing since March. Activity at the nation's factories remained subdued, however, with industrial production rising just 0.1 percent...
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The U.S. current account trade gap  widened to a record $164.71 billion in the third quarter, data  showed on Thursday. The deficit, the broadest measure of U.S.  trade, was not as great as feared, spurring a dollar rally.
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U.S. retail sales jumped a  more-than-expected 1.2 percent in December, but first-time  jobless claims posted a surprise climb and import prices dipped  more than anticipated, government reports showed on Thursday.
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Clothing retailer Gap Inc. (GPS.N: Quote, Profile, Research) said on Thursday its quarterly earnings ticked up 1 percent, buoyed by improved profit margins, but
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Business & money: Sales back into positive territory after double-digit decline suffered earlier this year.
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Retail sales rose a less-than-expected 0.1 percent in February despite firm automotive sales as building materials and general merchandise sales slumped, a Commerce Department report showed on Tuesday.
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Gap Inc.  said on Thursday its  sales at stores open at least a year fell 8 percent in  November, below analysts' average forecast, as fewer customers  visited its stores even during the kick-off to the busy holiday  season.