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| Asia Jump Analysis Archive: |
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Tata and Jaguar: Rough Road Ahead
Mar 26, 3:06 PM EDT |
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| Jaguar and Land Rover may prove a difficult purchase for Tata Group to digest if economic conditions remain weak in the US and UK. |
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| Ford agreed to sell its Jaguar and Land Rover brands to Tata Group of India for $2.3 billion and provide parts and technolgies for many years. Tata will fund most of its purchase using short term debt for now and refinance the deal at a later date with long term debet. Tata Group, a leading Indian industrial conglomerate recently purchased Corus, UK steel maker, is expected to keep current employees and look for ways to improve its operations in India. |
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Stores Post Limited Sales Gains in May
Jun 08, 9:38 AM EDT |
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| Same-store sales in May recovered from April’s weakness, with 45% of them beating estimates. |
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| Most retail same-store sales showed improvement in May, compared to April’s generally weak sales. However, results were mixed, indicating that consumer spending is uncertain. Wal-Mart, J.C. Penney, Macy''''s and Abercrombie & Fitch reported sales below estimate, while Costco Wholesale, Limited Brands, and Jos. A. Bank Clothiers posted better-than-expected results. |
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