Correspondent, Chicago
James's Feed
Jul 16, 2014

Harley-Davidson’s second-quarter retail sales fall short, dealer surveys say

By James B. Kelleher

(Reuters) – The second quarter is typically peak selling season for Harley-Davidson Inc as warmer weather in North America, the motorcycle maker’s No. 1 market, lures riders back into dealer showrooms.

But there is mounting evidence Harley’s retail sales came in on the light side in the three months ended June 30, raising the possibility it will have disappointing news for shareholders when it reports results next week.

Jul 16, 2014

Harley-Davidson’s Q2 retail sales fall short, dealer surveys say

July 16 (Reuters) – The second quarter is typically peak
selling season for Harley-Davidson Inc as warmer weather
in North America, the motorcycle maker’s No. 1 market, lures
riders back into dealer showrooms.

But there is mounting evidence Harley’s retail sales came in
on the light side in the three months ended June 30, raising the
possibility it will have disappointing news for shareholders
when it reports results next week.

Jul 8, 2014

U.S. job rebound not spurring spending, Wal-Mart’s Simon says

BENTONVILLE Arkansas (Reuters) – U.S. employers may be hiring again, but the job market recovery is not giving ordinary consumers enough confidence to increase their spending, a top Wal-Mart (WMT.N: Quote, Profile, Research, Stock Buzz) executive said on Monday.

In an interview with Reuters, Bill Simon, the president and chief executive officer of Wal-Mart U.S., said the improving employment picture had so far failed to raise cash register receipts at the retailer’s U.S. stores.

Jun 4, 2014

Walmart’s ‘Made in USA’ push exposes strains of manufacturing rebirth

June 4 (Reuters) – When Walmart pledged last year to
buy an extra $250 billion in U.S.-made goods over the next
decade, it appeared to be just what was needed to help move
America’s putative manufacturing renaissance from rhetoric to
reality.

But suppliers trying to reshore production as part of the
initiative by the world’s largest retailer are running into
practical problems as they try to restart long-idled corners of
U.S. manufacturing.

May 14, 2014

Deere posts higher-than-expected profit but trims forecast

May 14 (Reuters) – Deere & Co on Wednesday reported a
stronger-than-expected quarterly profit but trimmed its outlook
for full-year sales of its green-and-yellow farm equipment,
citing deteriorating conditions in the former Soviet Union.

Sales of Deere’s tractors and harvesters fell a
worse-than-expected 12 percent during the quarter, the company
said, but aggressive cost cuts and a lower-than-expected tax
rate helped offset that weakness.

May 12, 2014

GM ranked worst automaker by U.S. suppliers -survey

DETROIT, May 12 (Reuters) – General Motors Co,
already locked in a public relations crisis because of a deadly
ignition defect that has triggered the recall of 2.6 million
vehicles, has a new perception problem on its hands.

The U.S. company is now considered the worst big automaker
to deal with, according to a new survey of top suppliers to the
car industry in the United States.

May 7, 2014

U.S. drug ‘mule’ gets 3-year prison sentence on his 90th birthday

DETROIT (Reuters) – A 90-year-old Indiana man who admitted serving as a cocaine courier for a Mexican drug cartel was sentenced on Wednesday to three years in federal prison.

Leo Sharp, a decorated World War Two combat veteran who turned 90 on Wednesday, was also sentenced to three years supervised release by Judge Nancy Edmunds in U.S. District Court in Detroit.

May 7, 2014

U.S. drug ‘mule’ gets 3-year prison term on his 90th birthday

DETROIT (Reuters) – A 90-year-old Indiana man who admitted serving as a cocaine courier for a Mexican drug cartel was sentenced on Wednesday to three years in federal prison.

Leo Sharp, a decorated World War Two combat veteran who turned 90 on Wednesday, was also sentenced to three years supervised release by Judge Nancy Edmunds in U.S. District Court in Detroit.

May 7, 2014

U.S. drug ‘mule’ faces possible prison sentence on 90th birthday

DETROIT (Reuters) – An Indiana man who prosecutors said hauled well over a ton of cocaine to Michigan from the southwestern United States as part of a drug trafficking operation is set to be sentenced in federal court on Wednesday, his 90th birthday.

Leo Sharp, a decorated World War Two infantryman with the U.S. Army in Italy, was pulled over by the police in October 2011 for erratic driving on Interstate 94 with what turned out to be 104 bricks of cocaine in his truck, according to court documents.

Apr 25, 2014

Whirlpool profit misses forecasts on Asia, Latam weakness

By James B. Kelleher

(Reuters) – Whirlpool Corp (WHR.N: Quote, Profile, Research, Stock Buzz) on Friday reported quarterly results below analysts’ expectations as currency and other headwinds in Latin America and Asia offset a modest sales increase in North America and Europe.

The news sent Whirlpool’s shares down nearly 2 percent.

The world’s largest maker of home appliances reported a first-quarter net profit of $160 million, or $2.02 per share, down from $252 million, or $3.12 a share, a year earlier.