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Macy’s Inc. said strong holiday and online sales helped push its fiscal fourth-quarter net income up 12 percent. The department store chain’s results topped Wall Street’s expectations and its stock climbed.
Stock Markets News Headlines – Yahoo! News

(Reuters) – Home Depot Inc’s quarterly profit beat Wall Street estimates as a warm winter pulled some spring demand forward, boosting sales at the world’s largest home improvement chain. Net income rose to $ 774 million, or 50 cents a share, in the fourth quarter ended on January 29 from $ 587 million, or 36 cents a share, a year earlier. Analysts on average were expecting a profit of 42 cents a share, according to Thomson Reuters I/B/E/S. Sales rose 5.9 percent to $ 16.01 billion, well ahead of the analysts’ average estimate of $ 15.51 billion. Sales at stores open at least a year rose 5. …

Stock Markets News Headlines – Yahoo! News

The number has been repeated so often by presidential prognosticators that it’s an article of faith: No president has been re-elected since World War II with an unemployment rate higher than 7.2 percent.
Stock Markets News Headlines – Yahoo! News

NEW YORK (Reuters) – “The Darlings” tells a fictional tale about the downfall of a hedge fund and the wealthy family that owns it during Wall Street’s 2008 meltdown, but many aspects of the novel are drawn straight from author Cristina Alger’s reality. As a former Goldman Sachs analyst and bankruptcy attorney at a white-shoe law firm in New York, Alger knew that the twists and turns that led to many a Wall Street fiasco could make for a fascinating story. “It’s easy to see finance as something that happens in a conference room, but white-collar crime is fascinating,” Alger told Reuters. …

Stock Markets News Headlines – Yahoo! News

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TOKYO (Reuters) – Standard and Poor’s reaffirmed its rating on Japan’s sovereign debt at AA minus and kept its outlook negative on Monday, saying that structural problems such as shrinking nominal gross domestic product and increasing social security costs are weighing on the country’s ability to reduce its budget deficit. (Reporting by Mayumi Negishi)
Stock Markets News Headlines – Yahoo! News

PARIS (Reuters) – French banks are committed to keep credit flowing to the broader economy, the finance ministry said on Monday after talks with the country’s main lenders, amid persistent concerns over companies’ access to financing. Despite stock market turbulence last year over concerns about their Greek exposures, French banks’ lending to companies grew by 4.4 percent, more than the 1.1 percent registered for the 17-nation euro zone as a whole, the ministry said. …
Stock Markets News Headlines – Yahoo! News

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NAIROBI (Reuters) – Kenya’s earnings from horticulture exports rose 18 percent last year, despite a marginal dip in volumes, buoyed by a favourable exchange rate and strong prices for vegetables and fruits, an industry body said on Monday. Horticulture is the country’s leading source of foreign exchange, alongside tourism, remittances from Kenyans living abroad and tea exports. East Africa’s largest economy earned 91.6 billion shillings from the sale of flower, fruit, vegetable and nut exports in 2011, data from the USAID Kenya Horticulture Competitiveness Project (KHCP) showed. …

Stock Markets News Headlines – Yahoo! News