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US futures move higher as energy prices dip

Submitted by Fox First at Ten on November 14th

NEW YORK (AP) - Futures are heading higher with new government data showing that wholesale inflation led by falling gasoline prices dropped in October for the first time since May. Dow Jones industrial futures are up 25 points to 12,742. The broader S&P futures have tacked on 5.9 points to 1,

US retail sales drop 0.3 percent in October

Submitted by Fox First at Ten on November 14th

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - Americans cut back on spending at retail businesses in October, an indication that some remain cautious about the economic outlook. Superstorm Sandy also depressed car sales and slowed business in the Northeast at the end of the

US retail sales fell 0.3 percent, as auto sales decline; Superstorm Sandy possibly a factor

Submitted by Fox First at Ten on November 14th

WASHINGTON (AP) - US retail sales fell 0.3 percent, as auto sales decline; Superstorm Sandy possibly a factor. Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

US wholesale prices fell 0.2 percent in October

Submitted by Fox First at Ten on November 14th

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - Wholesale prices fell in October as a big drop in gasoline and other energy prices offset a rise in the cost of food. Wholesale prices dipped 0.2 percent last month, the Labor Department said Wednesday. It was the first decline since May

Wal-Mart launches food subscription service

Submitted by Fox First at Ten on November 14th

By ANNE D'INNOCENZIOAP Retail Writer NEW YORK (AP) - Wal-Mart Stores Inc. on Wednesday is officially launching its first mail subscription service, called Goodies, that lets shoppers discover new foods from the comfort of their homes. For a monthly fee of $7 that includes tax and shipping,

Wal-Mart launches food subscription service

Submitted by Fox First at Ten on November 14th

By ANNE D'INNOCENZIOAP Retail Writer NEW YORK (AP) - Wal-Mart Stores Inc. on Wednesday will officially launch a mail subscription service, called Goodies, that lets shoppers discover new foods from the comfort of their homes. For a monthly fee of $7 that includes tax and shipping,

Best Buy CEO outlines turnaround plans

Submitted by Fox First at Ten on November 13th

By MAE ANDERSONAP Retail Writer NEW YORK (AP) - Best Buy's new CEO said Tuesday that its time for the struggling electronics chain to try to embrace one of its biggest problems, "showrooming" - when customers check out electronics at its stores and then buy them cheaper online. Ten weeks

Home Depot 3Q results edge up, beat Street's view

Submitted by Fox First at Ten on November 13th

By MAE ANDERSONAP Retail Writer NEW YORK (AP) - Home Depot Inc.'s net income rose slightly in the third-quarter, as glimmers of a housing market recovery and storm-preparation added to sales and offset costs related to closing stores in China. Results beat expectations and the company also

Italian rates fall in sale of 12-month bonds

Submitted by Fox First at Ten on November 13th

MILAN (AP) - Italy has easily raised €6.5 billion ($8.2 billion) in the sale of 12-month bonds that saw its borrowing rates drop. The Italian Treasury on Tuesday paid a yield of 1.76 percent on the paper, down from 1.94 percent at the last such auction in October. Demand for the bonds was 1.76

Business Highlights

Submitted by Fox First at Ten on November 12th

By The Associated Press ___ Euro nations split on how to help Greece cut debt BRUSSELS (AP) - Greece's international creditors are proposing giving the country two more years to reform its economy, but European finance ministers were split Monday over how to put together a comprehensive