Wednesday, January 6, 2010

U.S. stocks struggle for early footing

Date: Wed, 06 Jan 2010 12:00:58 -0500

U.S. STOCKS STRUGGLE FOR EARLY FOOTING
A government report of higher crude-oil inventories weighs on the
energy sector, offsetting cheer over expansion in the U.S.
non-manufacturing sector.

SNOW COSTS RETAILERS BUT ECONOMIC IMPACT SMALL
U.K. retailer Marks & Spencer says heavy snow falls over the past two
weeks have cost it "millions of pounds" in lost sales.

M&S SLUMPS AS LONDON WEAKENS
The air continues to come out of Marks & Spencer shares on Wednesday
as the clothing and food retailer reports weaker-than-expected sales.

M&S RETURNS TO GROWTH IN THE U.K.
Marks & Spencer Group reports a small increase in third-quarter sales.
But the company cautions that trading will remain challenging this
year.

RETAILERS MAY HAVE WON HOLIDAY GAME OF CHICKEN
Bolstered by last-minute shopping and the post-holiday bargain hunt,
investors in U.S. retail may be in store for a nice surprise in
December sales.

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