Retail Sales in U.S. Fell in May as Demand for Autos Slumped
June 14 (Bloomberg) -- Gregory Melich, an analyst at International Strategy and Investment, talks about the outlook for the growth of Internet retailing compared with traditional retailing, and J.C. Penney Co.'s announcement that Apple Inc.’s Ron Johnson will take over as chief executive officer this year, replacing Myron Ullman. Melich, speaking with Tom Keene on Bloomberg Television's "Surveillance Midday," also discusses Best Buy Co., Talbots Inc. and U.S. department stores. (Source: Bloomberg)
June 13 (Bloomberg) -- Mark Zandi, chief economist at Moody's Analytics, talks about the U.S. economy and housing market, and the Greek debt crisis. Greece had its credit rating cut by three levels to CCC by Standard & Poor’s, and the rating company said the nation is “increasingly likely to restructure its debt." Zandi speaks with Tom Keene on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg)
June 14 (Bloomberg) -- Robert Shiller, an economics professor at Yale University and co-creator of the S&P/Case-Shiller home-price index, talks about the U.S. economic outlook and housing market. Shiller, speaking with Erik Schatzker on Bloomberg Television's "InsideTrack," also discusses consumer confidence and the impact of government stimulus measures on economic growth. (Source: Bloomberg)
June 14 (Bloomberg) -- Karen Mills, head of the U.S. Small Business Administration, discusses sentiment among small business owners and the outlook for hiring. Confidence among small U.S. businesses fell to an eight-month low in May, damped by a deteriorating outlook for sales and hiring, a private survey showed. The National Federation of Independent Business’s optimism index decreased to 90.9, the lowest since September, from 91.2 the prior month, the Washington-based group said today in a statement. Mills speaks with Erik Schatzker and Deirdre Bolton on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
June 14 (Bloomberg) -- John Silvia, chief economist at Wells Fargo Securities LLC, talks about the performance of the U.S. economy, consumer sentiment and outlook for growth. Sales at retailers fell less than forecast in May, showing American consumers were overcoming elevated gasoline costs. The 0.2 percent decrease followed a 0.3 percent April gain that was smaller than previously estimated, Commerce Department figures showed today in Washington. Silvia speaks with Betty Liu and Michael McKee on Bloomberg Television's "In the Loop.
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Another report showed wholesale costs rose last month. Stocks rallied on bets household demand, which accounts for about 70 percent of the US economy, will improve as energy prices recede and the auto industry rebounds from the disaster in Japan.
Faced with this environment, General Motors embarked on a series of initiatives to overcome both the perception and reality of the growing import threat. The 1950s and '60s marked the decline of the "product guy" at GM and the ascendancy of
An autocrat in the boardroom with an allergy to consensus, says former Chrysler and GM executive Bob Lutz. By BOB LUTZ Bob Lutz, pictured here, talks to reporters last year at the North American International Auto Show in Detroit.
About the company: General Motors Co. manufactures and markets new cars and trucks. The Company offers features for special needs drivers, OnStar vehicle protection, service, parts, accessories, maintenance, XM satellite radio, features for commercial
I'm wondering what it would have cost the taxpayers if Chrysler and GM collapsed and as the resulting infectious spread of unemployment of 2 million more people took its toll on the American economy? no job was saved dunce, some union thugs' pay and
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His doctoral thesis entitled “” the anatomical and biochemical analysis of NADPH OXIDASE in human endothelial cells: Possible therapeutic target for atherosclerosis. “”We cannot say we understand fully what it means to be, but it does not take much brains to deduce that Jamie is a smart guy, indeed.
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GM crash parts sales for 1977 were approximately $548.8 million, ... on the independent body shops and the independent wholesale parts distributors. ...Automotive executive
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