Wal-Mart posts higher profit
NEW YORK (Reuters) - Wal-Mart Stores Inc. , the world's largest retailer, on Tuesday reported a lower-than-expected quarterly profit and cut its full-year earnings forecast, saying its customers remain under economic pressure.
Home Depot profit slumps on housing weakness
ATLANTA (Reuters) - Home Depot Inc. reported a 15 percent fall in second-quarter profit on Tuesday as quarterly sales fell for the first time in more than four years in the slumping U.S. housing market.
Producer prices mount 0.6 percent in July
WASHINGTON (Reuters) - Producer prices rose by a more-than-expected 0.6 percent in July, Labor Department data on Tuesday showed, but the gain was driven by energy costs and core inflation at the producer level grew only slightly.
Mattel set to announce second recall
NEW YORK (Reuters) - Mattel Inc., the largest U.S. toy company, launched a national advertising campaign on Tuesday, assuring consumers it is on top of product safety amid reports of an impending second big recall of its Chinese-made toys.
June trade gap narrows to $58.1 billion
WASHINGTON (Reuters) - The U.S. trade deficit unexpectedly narrowed in June as a weaker dollar and overseas growth boosted exports to a new record, offsetting record imports that were lifted by higher oil prices and record high capital goods imports, a government report showed on Tuesday.
Stocks inch lower after data
NEW YORK (Reuters) - Stock index futures lost ground on Tuesday but still indicated a flat market open after government data for July showed a larger-than-expected increase in producer prices.
Midwest Air investor concerned about TPG offer
NEW YORK (Reuters) - Pequot Capital Management Inc., a large shareholder in Midwest Air Group Inc. , said on Tuesday that it has "significant concerns" about the airline's decision to pursue a bid by TPG Capital and Northwest Airlines Corp. .
Countrywide lends less than in June, hires more
NEW YORK (Reuters) - Countrywide Financial Corp. , the largest U.S. mortgage lender, on Tuesday said it funded a lower amount of home loans in July than in June after tightening lending standards, but added more than 1,100 employees as smaller rivals folded.
Hedge fund losses prompt exits as deadline looms
BOSTON (Reuters) - For hedge funds, August 15 may be D-Day, when investors rattled by heavy losses demand their money back from big and small portfolios alike.
Small business optimism index up in July: survey
WASHINGTON (Reuters) - Optimism among small businesses in the United States rose 1.6 points last month as firms said they planned to hire more workers than in June, a survey released on Tuesday showed.
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