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THE ECONOMY.(TO THE POINT)
World oil demand to soar by 2050
The oil industry's biggest challenge will be to find enough energy to satisfy the needs of the 3 bil people in the underdeveloped world, ChevronTexaco CEO David O'Reilly told the World Oil Summit in Rio de Janeiro, Brazil. Meanwhile, Venezuela's oil minister forecast global demand will soar from 76 mil barrels a day to more than 91 mil by 2010.
Back-to-school sales off: reports
Two reports showed retail sales in Aug. were weak. Chain-store sales fell 1.7% vs. July, said Instinet Research. Also, the National Retail Sales Estimate said total Aug. sales rose just 2.4% year over year, the least since a 0.8% drop in Sept. '01.
Bank credit-card charge offs fall
Charge-off rates dropped about 10 basis points in July from June, Standard & Poor's said. But they were 20 basis points higher than a year ago. Losses peaked at about 7.5% in April, but are now about 7%. Delinquency rates, at about 5.1%, are about the same level as a year ago.
- Home prices rose 7.6% in Q2, only slightly less than Q1's 7.9% jump, said Freddie Mac. Q2 home prices rose 6.3% vs. a year ago.
- MARCH RETAIL SALES PLUNGE; BIGGEST DROP IN FIVE MONTHS / TOTALED $116.6 BILLION
- Newspaper article from: The Journal Record April 12, 1986 700+ words
WASHINGTON (AP) - Retail sales plunged 0.8 percent in March...Originally, the government said that retail sales had fallen in January and February...the fall in car sales last month, retail sales would have been unchanged in March...
- Reports on retail sales, July prices fuel expectations of higher rates....
- Magazine article from: The Bond Buyer Davies, Stephen A. August 12, 1994 700+ words
...Department reported that retail sales in July slipped 0...trucks. However, total retail sales figures for June and...officials. The dip in July retail sales came largely from a...a result of tighter world oil supplies. Excluding...
- Blasts may cut retail sales by 30%.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) September 19, 2006 700+ words
Sep. 19--Retail sales in Hat Yai are expected to nosedive over the next few months following...affected, the overall economy would receive gains from declining world oil prices and strong agricultural commodity prices. Investors on the...
- British Bargain-Hunters Boost Post-Holiday Retail Sales.
- Newspaper article from: Knight Ridder/Tribune Business News January 3, 2003 700+ words
...painting them." The news follows yesterday's CBI survey showing retailers had their worst Christmas in 10 years. OIL PRICES: World oil prices marched higher today amid ongoing fears of dwindling US crude stocks and war with Iraq. US crude futures rose 25 cents...
- Dow climbs 15; M1 off $3 billion
- Newspaper article from: Chicago Sun-Times February 14, 1986 700+ words
...the day stocks were little affected by a rally in the credit markets, which was sparked by weak January retail sales figures and low world oil prices. But analysts said that late in the session when there was no apparent strong downtrend, buying...
- Retail Sales for Ford's New Focus Up 88 Percent, Pacing Strong Car and...
- Press release article from: PR Newswire May 1, 2008 700+ words
...posted an 88 percent increase in retail sales compared with a year ago; highest...sales for Focus since 2000. - Retail sales for mid-size sedans also were...April sales records. - Total car retail sales up 21 percent. - Crossover retail...
- A study of retail sales pull factors in South Dakota: 2007 data.
- Newspaper article from: South Dakota Business Review Brown, Ralph J. Sorensen, Bethany June 1, 2008 700+ words
...community is by utilizing what are known as "retail sales pull factors." A retail sales pull factor measures the relative strength...typically measured by dividing its per capita retail sales by the state's per capita retail sales...
- Washington State Retail Sales Grow, Kennewick Area Shows No Pattern.
- Newspaper article from: Knight Ridder/Tribune Business News April 28, 2004 700+ words
...Business News Apr. 28--Some taxable retail sales figures went up, some went down. But...up in the Mid-Columbia's taxable retail sales numbers for last year's final quarter...released Tuesday. Washington's overall retail sales rose 2.8 percent to $23.18 billion...