Check out how international sales and the weak dollar continue to lift quarterly results at U.S. companies.
Second-quarter profit at cosmetics firm Avon Products Inc more than doubled, as demand in Latin America and other overseas markets more than made up for sagging U. S. results.
Office Depot posted a 6 percent drop in North American retail sales, but a 13 percent rise in international sales during in its most recent quarter.
Still, investors are wondering when and if the United States’ economic malaise will spread to markets like Europe, Asia and Latin America.
Some cracks are already showing. Britain’s stressed housing market is putting pressure on consumer spending and Spain has reported a plunge in June retail sales amid a severe economic slowdown.
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Los Angeles City Council passes fast-food ban
Oil slide, US glimmers of hope boost stocks
Jones Apparel 2nd-qtr profit tops estimates
(Photo: REUTERS/Jo Yong-Hak)
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