SEMI expects sales to dip in &#39;05
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SAN FRANCISCO (CBS.MW) -- Sales for semiconductor manufacturing equipment is expected to rise sharply in 2004, but decline slightly in 2005, according to a year-end consensus forecast released late Tuesday by the industry&#39;s largest trade group.
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U.S. automakers were expected to report on Thursday that sales finished 2007 weakly, hurt by the housing slump and high gasoline prices, and the resulting worst sales year in a decade for the industry was seen as likely to increase pressure for further production cuts.
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Shares of BJ Services (BJS:NYSE - news - research) were among the NYSE&#39;s losers Tuesday, falling 5% after the company posted fourth-quarter earnings and sales that fell below Wall Street expectations and warned on 2005.
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TRENTON, N.J. -- Toy sales dipped 1.4 percent during the crucial holiday period at struggling Toys ''R" Us Inc., which saw tiny decreases in US, international, and Internet revenues, but may have gained market share because of price discounts and selection.
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Auto parts maker Visteon Corp. VC.N   on Tuesday warned sales will fall short of its prior 2006   forecast, becoming the latest supplier to fall victim to   production cuts by the Big Three automakers.
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Orders for durable goods, a key gauge of consumer and business demand, fell in the US by 0.5 per cent last month, a greater decline than the market expected.
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U.S. retail sales dipped 0.3 percent  in January, as expected, as automobile sales fell sharply, but  purchases outside the volatile car sector gained a healthy 0.6  percent, a government report showed on Tuesday.
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Stocks were slightly lower on Tuesday,  as concerns about higher oil prices cutting into corporate  profits and consumer demand weighed on sentiment, while retail  sales posted a larger-than-expected decline in August.
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WASHINGTON -- Retail sales, hurt by a big drop in auto purchases, slowed in January to the weakest performance in three months.
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US retail sales fall in January, dragged lower by a heavy fall in car sales, the Commerce Department reports.
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Forecasts for third-quarter earnings growth among Standard & Poor's 500  companies fell slightly in the latest week, according to a weekly poll by Reuters Estimates.
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JJB Sports has warned that full-year profits will come in around 20 percent lower as a dismal summer and tough competition hit sales of T-shirts and shorts, sending its shares 19 percent lower.
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Coca-Cola Co., said its second-half earnings will decline because of sluggish sales in North America and Europe. Its shares are traded at the lowest level since May 2003.
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Global sales of chip equipment are expected to fall 5.2 percent next year, an industry group said Wednesday in a sharp reversal of its midyear forecast of 24 percent growth.
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Oil prices slipped to their lowest level   in five months before rebounding on Thursday as dealers took   pause from a three-day decline ahead of U.S. data expected to   show healthy crude stocks and rising distillate inventories.
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Retail sales, hurt by a big drop in auto purchases, slowed in January to the weakest performance in three months.
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SAN FRANCISCO - Advanced Micro Devices Inc. (AMD) expects to report slightly lower-than-expected sales for its third quarter when it announces earnings results on Thursday, the company said in a release Monday.