Toyota U.S. December sales down 1.7 percent
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Toyota Motor Corp  said on Thursday its U.S. sales fell 1.7 percent in December.
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Wal-Mart Stores Inc.  said on Thursday it expects little improvement in December sales at its stores open at least a year as it struggles with disappointing demand for clothing and home decor.
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Inventories at the nationâs wholesalers declined in December by the most since May 2003 as sales surged, suggesting a manufacturing rebound in coming months.
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Factory production shrank in December for the first time in nearly a year as tighter lending conditions and a slowing economy took their toll, according to a national survey published on Wednesday.
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Business & money: Market continued to slow in December with prices lower than in the summer months
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Toyotaâs profit for the October-December quarter rose 7.5 percent from the previous year as booming sales in China, Africa and South America offset declining U.S. sales and a stronger yen.
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Ford Motor Co.  dropped from second to fourth in the U.S. auto market in November as its sales slid by 10 percent, while Toyota Motor Corp.'s  sales surged 16 percent to put it in the No. 2 spot.
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Hopes for a bullish start to the year for stocks faded after a key measure of manufacturing activity unexpectedly fell in December to its lowest level since 2003.
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General Motors Corp. and Ford Motor Co.  lost more than a sixth of their combined U.S. sales in January, and Toyota Motor Corp. extended its 20-month winning streak and claimed the No. 2 spot in the U.S. market.
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DETROIT -- General Motors Corp. pulled ahead of Toyota Motor Corp. in global sales for the second quarter of 2007 but remained No. 2 for the first half of the year, according to preliminary figures released by the rival automakers.
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New single-family home sales fell  4.7 percent in December to its lowest rate in nearly 13 years  while the median sales price dropped sharply and the inventory  of unsold homes climbed, according to a government report on  Monday that delivered more grim news for the battered housing  sector.
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General Motors Corp. and Ford Motor Co.   lost more than a sixth of their combined U.S. sales in  January, and Toyota Motor Corp. extended its 20-month winning  streak and claimed the No. 2 spot in the U.S. market.
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Pending sales of previously owned  homes fell a steeper-than-expected 1.5 percent in December,  pointing to more dreary conditions for the beleaguered housing  market, a real estate trade group report on Thursday showed.
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Housing woes and high gas prices likely  combined to send U.S. auto sales to a weak finish in December,  capping the industry's worst sales year in a decade and  increasing pressure on U.S. automakers to cut production  further, analysts said on Wednesday.
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Limited Brands Inc  said on Thursday sales at stores open at least a year fell 8 percent in December.
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Ford Motor Co.  dropped from second to fourth in U.S. auto sales in November as they slid a steeper-than-expected 10 percent, while Toyota Motor Corp.'s  sales surged 16 percent to put it in the No. 2 spot.
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Factory activity contracted in December to its weakest since April 2003, according to an industry report released on Wednesday.