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NEW YORK, May 7 (UPI) -- U.S. retail receipts slipped 1 percent in the week ending Saturday, the International Council of Shopping Centers reported Tuesday.
The ICSC-Goldman Sachs weekly sales report said store traffic slowed in the week at grocery stores, while traffic picked up at drug stores.
Compared to the same week of 2012, retail sales rose 2.4 percent, the trade group said.
"Most other retail segments were relatively steady with the prior week's pace," the report said.
Weather Trends International Inc. said the week's temperatures, on average, were slightly warmer than the same week a year ago and slightly warmer than the week's long-term average.
The price of gasoline rose 1.8 cents per gallon in the week, the first weekly increase in 10 weeks.
On Monday, the Energy Information Administration said the average nationwide price of unleaded gasoline stood at $3.538 per gallon.
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WASHINGTON, May 9 (UPI) --
The U.S. government has an obligation to ensure that oil and natural gas deposits are developed responsibly, a natural resource advocate testified.
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CANBERRA, Australia, May 9 (UPI) --
Australia will hold defense spending at $100 billion over four years and remains committed to the purchase of the F-35 Joint Strike Fighter.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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