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Business News

Sony Cuts Forecasts on Sales Decline

Oct. 23, 2008
The company drastically cut profit and sales forecasts for the fiscal year, blaming deteriorating sales of flat-panel TVs and other gadgets amid a global slowdown.
Related Stories from UPI.com

Canadian new car sales reverse decline

OTTAWA, Nov. 14 (UPI) -- Sales of new cars in Canada reversed a three-month declining trend in September, rising 2.5 percent to 141,574 vehicles, Statistics Canada reported Friday.

U.S. retail sales off sharply in October

WASHINGTON, Nov. 14 (UPI) -- U.S. retail sales fell 2.8 percent in October, the biggest monthly decline since 1992, the U.S. Census Bureau reported Friday.

Toyota group reports quarterly sales fall

NAGOYA, Japan, Oct. 27 (UPI) -- The Toyota Group Monday reported its July-September global sales fell 4 percent, the first such quarterly decline for the Japanese automaker in seven years.

Canadian retail trade dips in August

OTTAWA, Oct. 22 (UPI) -- Declining automotive sales led to Canada posting a 0.3 percent decline in retail sales in August to $35.9 billion, Statistics Canada reported from Ottawa.

Canadian manufacturing down in August

OTTAWA, Oct. 16 (UPI) -- Manufacturing sales in Canada fell 3.7 percent to $52 billion in August, led chiefly by petroleum and coal pullbacks, Statistics Canada reported Thursday.

U.S. monthly sales drop marginally

WASHINGTON, May 13 (UPI) -- U.S. retail sales and food services declined slightly in April but gained over the previous year's figures, a government report said Tuesday.
Auto sales forecasts decline

Auto sales forecasts decline

DETROIT, April 21 (UPI) -- Automobile industry analysts say they are reducing their sales estimates for 2008 in view of declines so far this year.

January gas sales prop up retail figures

WASHINGTON, Feb. 13 (UPI) -- After a slow holiday season, retail sales made small advances in January, the U.S. Census Bureau reported Wednesday.

Retail chains report lethargic January

NEW YORK, Feb. 7 (UPI) -- The U.S. retail sales index rose a sluggish 1 percent in January, the slowest rate since April 2007, when the index dropped 1.8 percent.

Toyota tops Ford in U.S. vehicle sales

NEW YORK, Jan. 3 (UPI) -- Toyota's monthly sales slowed in a tough U.S. market in 2007 but the Japanese automaker edged Ford for second place in annual sales.

Automakers scale back sales forecasts

TRAVERSE CITY, Mich., Aug. 8 (UPI) -- Major automakers, acknowledging a soft U.S. housing market and high energy prices stifled vehicle sales, have revised their auto sales projections for 2007.

Apple stocks surge but iPhone start slow

NEW YORK, July 26 (UPI) -- Despite a disappointing iPhone debut, Apple's quarter earnings surged by 73 percent, it was reported Thursday.

Report: Retail sales up in May

WASHINGTON, June 13 (UPI) -- Retail sales in the United States rose 1.4 percent in May, marking the largest adjusted gain in 16 months, the U.S. Commerce Department said Wednesday. Sales were up in all categories and better than Wall Street economists estimated at 0.7 percent, Market

Major retailers have rough April

NEW YORK, May 10 (UPI) -- With Wal-Mart leading the way, U.S. retailers reported a rough April, the Wall Street Journal said Thursday.

Japan's Feb. retail sales down 0.2 percent

TOKYO, March 28 (UPI) -- Japan's retail sales in February dipped 0.2 percent from year-ago levels, the fourth straight month of such contraction, the government said Thursday.
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Youngsters compete in Scripps National Spelling Bee
View Caption
Contestants (L-R) Cooper Barth of West Long Branch, New Jersey, Eboseremhen Eigbe of Galloway, New Jersey, Jacob Bayly Hunter of Sante Fe, New Mexico and Massound Sharif of Albany, New York, all await their turns to compete during the 3rd round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. UPI/Mike Theiler