| Gainsborough |
| StabsFeldwebel |
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| 265 Posts |
| registered: 22.12.2012 |
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In the headlines this morning, May Department Stores prevailed as the winner in the bidding auction to buy Targets Marshall Fields . Click here for more from the Forbes Video Network May ?the parent of Lord amp Taylor and Filenes ?will pay $. billion for the chain plus nine Mervyns stores. Adding Marshall Fields to its properties gives May a bigger distribution network and a leg up in negotiating with vendors. May beat out rival Federated Department Stores for the chain. U.S. stocks moved lower in the morning half of the session,Nike Free Online Store, after jobless claims rose unexpectedly. Last week,Gucci Wedges, claims were up ,www.topdiscountdiesel.com,, to ,Christian Louboutin,. Despite the rise, continuing claims plunged to . million?the lowest number since May . Elsewhere, import prices in May climbed .%, as oil prices drove up the price of goods. Meanwhile, the Bank of England raised interest rates a quarter of a percentage point,Diesel jeans on sale, to .%,Diesel Skinny Jeans, to stem inflation. In earnings news, Procter amp Gamble upheld its guidance for the current quarter of .% growth, while HampR Block said profits were up % due to solid returns from its tax and mortgage business. And, FedEx said earnings this quarter would beat optimistic estimates. In other news, the Bush Administration said local phone companies wont have to lease out their network to rivals at cheapened rates, and it would not grant an appeal of a court ruling that tossed out the rules adopted the Federal Communications Commission to increase competition. Thats it for now. For all the latest business headlines, log on to Forbes.
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