The Commerce Department released its monthly figures today. Sales were down 0.3 percent from July and up 1.6 percent compared with last August. Bloomberg analyzed the results. ...
Falling gasoline prices are certainly good news for consumers, the main reason economists expect the University of Michigan to report a slight improvement in its consumer-sentiment index, also due Friday. But gas prices are still 30% higher than a...
The investment bank also said that it would spin off the majority of its remaining commercial real estate holdings into a new public company. And it confirmed plans to sell a majority of its investment management division in a move that it expects...