Word: retailing
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Wall Street tends to respond to economic numbers with its gut. There's no time to read the fine print, or indulge in any two-ways-of-looking-at-this pondering. The morning's headlining report - unemployment, retail sales, consumer confidence - comes out, fits somewhere into investors' expectations about whether it is a good or bad thing, and usually imparts that spin to the morning's trading before the session fades into the usual scrum over the day's corporate news...
...cabinet position (Secretary of Detroit?) when all this is over, are patriotically soldiering on from phase to phase like a good economic actor should. First, by personally delivering the Fed's cheap money to the people with take-my-car-please financing offers, Big Auto made October's retail sales numbers comforting enough to get to sleep at night...
...Other retailers have noticed a downturn,” he said. “I think retail in general has suffered a little...
...CARLOS SLIM built a business empire and the largest fortune in Latin America by turning around railroads, restaurant chains and retail outlets, mostly in his native Mexico. He also controls TELEFONOS DE MEXICO, the country's leading telecom, which last year spun off a wireless subsidiary. Slim, 61, rescued the sinking Internet service provider Prodigy in 1997, adding a Spanish interface and helping boost membership past 3 million from fewer than 200,000. Not bad for a guy who says he is afraid...
...board background checks and a database of firearms sales, it is extremely difficult for law enforcement officials to trace the source of guns recovered in crimes. Police have to trace firearms through manufacturers, distributors and individual gun dealers in a difficult, time-consuming process. Even worse, once a retail dealer has sold the gun, it can be re-sold by the owner and any subsequent owner generally without any records being kept, causing a trail of evidence to go cold before the criminal or terrorist can be found...