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Financial News

Offers a regularly updated digest of news related to topics of business, financial markets, financial planning and other financial issues
Financial News Blog  
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Family Dollar profit beats Wall Street view; shares up

Nov 30, -0001
Family Dollar Stores Inc reported a 36 percent jump in quarterly profit, topping market estimates, and its shares rose 10 percent, as more shoppers scoured its aisles for low prices on food, shampoo and household cleaners.

June rains, penny-pinching dampen retail sales

Nov 30, -0001
June sales fell for most U.S. retailers as the plunging job market and cool, rainy weather dampened interest in summer shopping for consumers, triggering concern about the back-to-school season.

Settlement sought in U.S. tax fight with UBS (Reuters)

Nov 30, -0001
The U.S. government and UBS AG asked a federal judge on Sunday to delay the start of a closely-watched trial, as they seek to resolve their dispute over U.S. demands for the identities of thousands of wealthy Americans suspected of using the Swiss bank...

Capital One credit card defaults rise in June

Nov 30, -0001
U.S. credit card defaults rose in June as unemployment increased and Americans struggled to pay their debts, but the figures were better than expected and the company's shares rose 3.2 percent.

J.C. Penney full-year profit may be light; shares fall

Nov 30, -0001
J.C. Penney Co Inc (JCP.N) posted a smaller-than-expected net loss on Friday as it reined in costs, but the retailer indicated full-year profit might miss expectations, sending its shares down nearly 5 percent.


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