Reuters: Consumer Products & Retail News

UPDATE 4-GM posts loss, vows to repay US, Canada early

Mon, 16 Nov 2009 19:52:58 +0000

* Net loss of $1.2 bln for July 10-Sept. 30 period (Recasts with details from analyst presentation, quotes)

Retail sales surge on autos, manufacturing slows

Mon, 16 Nov 2009 22:16:11 +0000

WASHINGTON (Reuters) - U.S. retail sales grew more than expected last month as vehicle purchases bounced back, but non-auto sales rose modestly, suggesting consumers remained too cautious to drive a robust economic recovery.

UPDATE 4-Lowe's profit falls, sees housing return in mid 2010

Mon, 16 Nov 2009 17:02:10 +0000

* Sees Q4 sales seen flat, same-store sales down 2-6 pct

CORRECTED - UPDATE 1-Accor to decide by end of year on demerger

Mon, 16 Nov 2009 19:15:36 +0000

(Corrects company name in headline to Accor instead Accord)

UPDATE 1-VW board set to approve Porsche contracts - sources

Mon, 16 Nov 2009 16:22:30 +0000

HAMBURG, Germany, Nov 16 (Reuters) - The supervisory board of Volkswagen is set to approve on Thursday contracts drafted for a merger with indebted parent Porsche SE and the partial acquisition of Porsche's sports car business, sources close to the matter told Reuters.

UPDATE 2-H&M October sales lag, blames recession

Mon, 16 Nov 2009 10:05:38 +0000

STOCKHOLM, Nov 16 (Reuters) - Swedish fashion retailer Hennes & Mauritz posted an unexpected 3 percent drop at established stores in October, blaming weak sales in some of its major markets on the global downturn and knocking its shares.

UPDATE 2-UPS sees holidays slightly busier this year

Mon, 16 Nov 2009 20:42:50 +0000

* To hire 50,000 temporary workers (Adds FedEx details, analyst quote)

Richemont shares surge on upgrades after strong H1

Mon, 16 Nov 2009 11:15:29 +0000

* Vontobel, JP Morgan, Nomura, Kepler raise price targets

UPDATE 2-PacSun's weak holiday qtr forecast pulls down shares

Mon, 16 Nov 2009 22:41:23 +0000

BANGALORE, Nov 16 (Reuters) - Teen-clothing retailer Pacific Sunwear of California Inc posted a strong third quarter, but saw demand fall off a cliff in recent weeks, sending the stock tumbling 20 percent in trading after the bell.

UPDATE 2-Coca-Cola aims to double system revenue by 2020

Mon, 16 Nov 2009 21:43:52 +0000

* Says long-term growth targets are appropriate (Adds details on long-term goals, byline; changes headline)