The most likely scenario is that the markets will begin to rise from here -- and that bounce is just beginning to take hold.
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Retailers reported same-store sales Thursday, and many showed growth that missed expectations and slowed from a year earlier.
The retail sector is expected to report slowing sales growth for June. Warm weather in the winter months may have contributed to the slowdown, as consumers likely bought warm-weather goods earlier than usual.
Reports from companies such as Costco (COST) have already shown slowing sales growth. For June, Costco reported that sales excluding fuel rose 3% year-over-year, missing expectations of a 3.5% rise.
The automaker looks to boost market share overseas with the introduction of 9 new vehicles.
Auto giant General Motors (GM) is overhauling its lineup to increase its market share in Brazil.
According to Reuters, GM has launched seven new vehicles in Brazil over the past 12 months, with two more due before the end of 2012.
"Our sales forecasts were wrong for all of the recent launches," senior vice president Marcos Munhoz told Reuters.
An informal taste test finds that the chain's new Cantina Bell menu is surprisingly good. Should Chipotle be worried?
The Cantina Bell menu was significantly smaller than what I expected. It contains only two main items: a Cantina Bowl and a Cantina Burrito. Both were available with chicken, steak or vegetables. The menu also included cilantro rice with beans and tortilla chips with guacamole, roasted corn and pepper salsa or pico de gallo.
Announcements in Europe and China get a ho-hum response, partly because the news was widely anticipated.
Stocks pare earlier losses after new European easing measures and signs of improvement in the US labor market.
Can a new Web-only show starring Jerry Seinfeld save the struggling electronics company?
The series won't be on TV. Instead, the show will be a Web series hosted by Crackle, Sony's (SNE) digital network. The show's website has a short, wordless clip showing Seinfeld driving in a small convertible with the comedian Ricky Gervais. There's another promotional video here.
William Cohan talks about the British bank's rate rigging and its implications for other institutions.
In the video below, William Cohan, a Bloomberg columnist and the author of "Money and Power: How Goldman Sachs Came to Rule the World," explains that many U.S. banks are involved in the Libor market, including Citigroup (C), JPMorgan Chase (JPM) and Bank of America (BAC). U.S. regulators, he says, are looking into their involvement.
It may be tough to keep up interest in the next-generation BlackBerry, which won't be ready now until next year.
The key issues at the core of the Libor flap are almost identical to those that surfaced after the financial crisis.
While cities and communities across the United States prepared for fireworks displays to celebrate the Fourth of July, in London the only fireworks on view took place during the hearing held by a British parliamentary committee into the apparent manipulation of London's famed benchmark interbank lending rate, Libor. And in the hot seat was Bob Diamond, who joined Barclays investment bank exactly 16 years earlier, on the Fourth of July -- and who had resigned just the day before as its CEO, citing "external pressure."
Liborgate, as it is becoming known, is yet another black mark for the financial services industry. This time around its center is in the City, the heart of London's financial industry, rather than Wall Street –- but the issues at the core of the scandal, and the questions that are left for policymakers and other observers to debate remain almost identical to those raised in the wake of the financial crisis.
The rental giant charges lower membership fees and offers one-way rentals.
Turkcell is upgraded to 'overweight,' and Solazyme is downgraded to 'market perform.'
Thursday's noteworthy upgrades include:
In the business world, this social network rules.
In the rock-and-roll world of social media, icons and legends come and go. It wasn't so long ago that Friendster and MySpace were riding high and filling the proverbial stadiums. Then came Facebook (FB) and Twitter and now Pinterest.
LinkdIn (LNKD), off on the sidelines, is quietly doing its own thing and taking care of business. LinkedIn was early to the social media game and planted its stake in the business and networking segment, methodically setting about owning it.
Expanding markets from medicine to the military are boosting prospects for the technology.
By John Persinos, Personal Finance
The use of RFID (radio frequency identification) makes organizations more efficient, by allowing managers to locate any item, pallet or person with pinpoint accuracy. Think of them as barcodes on steroids.
Within this field, Avery Dennison (AVY) sold more than a quarter of all RFID tags in 2011, making it the clear market leader. Importantly, the company's RFID technology is superior to that of its competitors, largely because its RFID tags can read at any angle to produce better read-capture rates.
When advertising inserts go, so will what's left of the industry.
By Lawrence Meyers
Last week I had lunch with a fellow who's been a journalist for a very long time. He knows the business, he knows everyone in the business and he knows the dirty secrets of the business. He thinks Warren Buffett was crazy to buy Media General (MEG). He also thinks, as I do, that newspapers are toast and you'd be crazy to be buying those stocks right now.
He believes two primary factors are behind plummeting circulation. The first is the plethora of news offered for free all over the Internet -- newspapers don't offer anything unique or original.
The Swiss bank is implementing a radical cost cutting plan from mid-2011 in an attempt to combat rising costs.
In February, the Swiss bank had made plans to cut 35 jobs across Asia-Pacific. UBS is not the only global banking group downsizing its Asian operations, with Deutsche Bank (DB) and Goldman Sachs (GS) also resorting to similar measures.
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Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
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[BRIEFING.COM] S&P futures vs fair value: +0.50. Nasdaq futures vs fair value: +5.30. Equity futures point to small gains at the open.
Asian markets finished mixed amid a quiet overnight trade.
Economic data from the region was limited to Japan's trade balance, which posted a record March trade deficit of JPY1.71 trln (JPY1.27 trln expected, JPY1.18 trln previous) on a 1.8% rise in exports and 18.1% jump in imports.
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