Stores post modest sales gains in May
Jun. 7, 2007

Americans shopped hesitantly in May, giving retailers some relief from a dismal showing in April but still raising questions about how strong consumer spending will be in the months ahead. As the nation's merchants reported results Thursday, the disappointments included Wal-Mart Stores Inc., Macy's Inc. and teen retailer Abercrombie & Fitch Co. Costco Wholesale Corp., Kohl's Corp. and luxury retailers like Saks Inc. beat expectations. "It was clearly a bounceback from April. ... It wasn''t a blowout, but the gains were a solid snap back," said Ken Perkins, president of RetailMetrics LLC, a research company in Swampscott, Mass. Still, Perkins and other analysts said the performance reflected a slowing consumer spending trend.

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The dollar traded broadly higher against major currencies
Media Release
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Another sign of coming recession - a very early one from those feel the impact first
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Sam Adelton
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Attorney Generals of California and other states dertermined to make sure HP leak scandal do not repeat again in other companies - indictments eminent
Media Release
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SEC actions on hedge funds too late too little
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The hedge funds that pushed oil to eighties and made copper price go up by 500% are now in a total blood bath . SEC scrutiny of the same is too late and too little. SEC actions on hedgefunds may not make any bdifference at this stage.
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