Tata and Jaguar: Rough Road Ahead
Mar 26, 3:06 PM EDT |
|
| Jaguar and Land Rover may prove a difficult purchase for Tata Group to digest if economic conditions remain weak in the US and UK. |
|
| 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. |
|
|
Full Story... |
Lower-Priced Stores Drive Retail Sales Growth
Mar 07, 9:08 AM EST |
|
| Led by Wal-Mart, retailers including Costco Wholesale and Ross Stores beat expectations. Apparel and department store retailers disappointed. |
|
| February results were the weakest since 2003 but came in above analysts’ estimates, led by discounters with a 3% gain. Department stores and apparel retailers declined 4.2% and 2.1% respectively, missing estimates. Wal-Mart total sales jumped 2.6%, with sales excluding fuel at Wal-Mart chain rising 2.5% and Sam''s Club sales rising 2.8% helped by higher gasoline sales. |
|
|
Full Story... |
1
|
|
|
