NEW YORK, Sep. 5, 2008 (Reuters) The broader U.S. stock market edged higher on Friday, but still posted its worst week since May, as a rally in financial stocks helped reverse losses sparked by a government report showing the U.S. jobless rate rose to a five-year high. ... > full story
CHICAGO, Sep. 5, 2008 (Reuters) Cigarette company Altria Group Inc is in advanced talks to buy Skoal and Copenhagen smokeless tobacco maker UST Inc , a source familiar with the discussions told Reuters on Friday. ... > full story
NEW YORK, Sep. 4, 2008 (Reuters) U.S. crude oil futures ended more than $1 lower on Thursday, despite government data showing a surprise drawdown in domestic crude stocks last week. ... > full story
ATLANTA, Sep. 4, 2008 (Reuters) U.S. discounters, led by Wal-Mart Stores Inc , remained a bright spot in a weak retail industry in August, as shoppers sought back-to-school deals, while department stores and luxury chains disappointed. ... > full story
WASHINGTON, Sep. 4, 2008 (Reuters) Osteoporosis patients who received a low dose of an experimental Pfizer Inc pill were more likely to die within five years than others who got a placebo, U.S. drug reviewers said in an analysis released on Thursday. ... > full story
LONDON/MOSCOW, Sep. 4, 2008 (Reuters) BP bowed to demands from its partners in TNK-BP and eased its grip on Russia's third-largest oil producer on Thursday to end a bitter dispute that had knocked BP's shares and rattled investor confidence in Russia. ... > full story
, Sep. 4, 2008 (Reuters) Luxury home builder Toll Brothers swung to a third-quarter net loss, hurt by write-downs and weakened demand in most markets amid the nation's housing slump, and forecast sequentially lower revenue in the fourth quarter on higher costs. ... > full story
NEW YORK, Sep. 3, 2008 (Reuters) Staples Inc , the world's largest office products retailer, posted a 16 percent fall in quarterly profit as its small-business customers bought less furniture and office supplies, hurt by the weak U.S. economy. ... > full story
SEOUL, Sep. 3, 2008 (Reuters) A lifeline from South Korea for troubled investment bank Lehman Brothers appeared in doubt on Wednesday as the bank leading the plan said nothing had been decided, and other lenders denied interest in taking part. ... > full story
ATLANTA, Sep. 2, 2008 (Reuters) Ethan Allen Interiors Inc forecast quarterly profit below current Wall Street views on Tuesday, citing "substantially lower" sales volumes in July and August from a year earlier and its shares fell more than 7 percent in extended trading. ... > full story
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Staples profit falls 16% as corporate clients tighten belts Sep. 4, 2008 (Boston Globe) Corporations slashing orders for office supplies amidst a weakening economy sliced into Staples Inc.'s business as the Framingham chain yesterday ...
Staples Inc. earnings report Sep. 4, 2008 (Minneapolis Star Tribune) Staples Inc. . Slowing sales, falling foot traffic in North American stores and penny-pinching customers combined to drag down second-quarter ...
Staples 2Q sales up 18% Sep. 3, 2008 (Retailing Today) Staples reported that total company sales for the second quarter increased 18% to $5.1 billion compared to the second quarter of 2007. Net income ...