Sales of new and existing homes remain weak, inventories of unsold homes are at their highest levels in years, and delinquencies are rising.
Pier 1 sales fell 15.3%, hurt by cold weather and weak inventories; the home furnishings retailer warned quarterly profit would miss expectations.
Exxon Mobil and Chevron fell as crude prices retreated slightly following Wednesday's run-up on a weak U.S. inventory report.
Oil prices have risen in tandem with global stock markets over the past six months to around $70 per barrel, despite the fact that demand for oil is weak and inventories remain high.
Today at $90/bbl with fundamentals still glaringly weak, with inventories near all-time highs and refineries working under capacity, his "efficiencies" or lack thereof, are draining $600,000,000 a day from the economy.
The possible reasons found for less number of LCAs in Group A countries are lack of awareness of LCA in scientific community, lack of reliable and informative inventory data, weak economy, weak political desire, inactive communication and weak LCA network.
This breach is another example of how weak most IT inventory systems really are and, more specifically, how weak IT systems in government are in real life.
The latest number was about half of what analysts had expected, and reflected a sharp drop in inventories, weak exports to the United States and shrinking factory output.
Computer stocks had already fallen yesterday after analysts warned that computer sales by Gateway and others over the crucial weekend had been weak and that inventories at Compaq Computer in particular were building up.
At the same time demand for refined products is weak against high inventories," says Terry Gardner, senior vice president of Gilford Securities in New York.
