Newell Rubbermaid Cuts Sales Forecast
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ATLANTA  â The consumer products maker Newell Rubbermaid cut its 2008 sales forecast on Thursday, saying it did not expect economic conditions in North America to improve, and its shares fell.
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Sputtering U.S. economy forces shipper to cut forecast.
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LITTLE ROCK, Ark. - Wal-Mart Stores Inc., the world's largest retailer, lowered its sales forecast for August, citing slow back-to-school sales and the effects of Hurricane Charley...
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Wal-Mart Stores Inc., the world's biggest retailer, lowered its sales forecast for August, citing Hurricane Charley's swipe across Florida and slower than expected back-to-school sales.
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Slashed earnings estimate pulls down shares.
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Williams-Sonoma Inc. WSM.N on  Thursday posted a rise in third-quarter earnings, but the  housewares retailer lowered its fourth-quarter forecast, citing  volatile sales trends and demand for furniture that is  outstripping supply.
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The retailer's same-store sales decline.
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Weaker-than-expected holiday shopping forced Wal-Mart Stores Inc. on Saturday to cut its projected sales increase for November by more than half, an ominous announcement for retailers as their busiest time of year begins.
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US department store chain Macy's is to cut 2,300 jobs, as it announces a 7.1% fall in sales in January.
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Apparel retailer Charming Shoppes Inc.   cut its profit forecast on Monday, citing lower sales  and an increase in markdowns spring merchandise.
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General Motors Corp. and Ford Motor Co. said yesterday they would cut production more than expected after weak US sales in November, a move that analysts said could hurt profits.
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Home furnishings retailer lowers expectations.
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Newell Rubbermaid Inc  raised its full-year and current-quarter earnings guidance on Monday, after it resolved some tax matters that resulted in a benefit of about $39 million, or 14 cents a share in the current quarter.
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The company revised its 2007 sales forecast lower for a third time this year because of price reductions and reduced orders.
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Williams Cos. Inc. WMB.N has  scrapped efforts to sell its power business as the depressed  wholesale market has damaged prospects for selling the unit,  the natural gas company said on Thursday.
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The company said it would cut 3,000 jobs, or 4.6 percent of its global work force, to ensure future profit growth as generic competition hurts sales.
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The leading realty trade group on Wednesday cut its 2007 forecast for U.S. home sales and prices, saying both would slide this year with sales hitting a five-year low.