Wall Street rise on retail sales

11:56 am ET Oct 12, 2007

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NASDAQ

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Wall Street rise on retail sales

NEW YORK
After a day of upheaval, U.S. stocks on Friday moved in positive
territory, with investors heartened by positive economic data that
included healthy retail sales in September and in-line results from
economic bellwether General Electric Co.

Economic Report: U.S. retail sales surprisingly strong in September, up
0.6%

WASHINGTON
U.S. retail sales increased more than expected in September, rising 0.6%
on strong sales of gasoline, automobiles and food, the Commerce
Department reported Friday.

Economic Report: U.S. PPI rises 1.1% in September; core rate up just
0.1%

WASHINGTON
U.S. producer prices rose a larger-than-expected 1.1% in September, but
core inflation increased a tame 0.1%, the Labor Department reported
Friday.

Big shakeup at Citigroup

SAN FRANCISCO
Citigroup Inc. said Thursday that it has merged its investment-banking
and alternative-investments businesses into an Institutional Clients
Group headed by newcomer Vikram Pandit.