According to the Columbus, Ohio-based company Limited Brands Inc., its profit dropped by more than half during the 2nd quarter. The company said that difficult retail environment was the basic factor behind drop in its profit. However, the results of the 2nd quarter beat the expectation of the company as it kept a tight hold on its expenses and inventory.

After closing at $17.97, the shares rose to $ 1.09 (6.1 percent) as $18.90 in aftermarket electronic trading.
The specialty apparel maker company, which operates with Victoria’s Secret and Bath & Body, announced that its profit for the second quarter ended Aug.2 dropped 30 cents per share or 61 percent to $ 102 million.

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During July a considerable surge was noticed in wholesale inflation that left the increasing prices at the fastest pace in almost thirty years. After that recent drop in oil and other commodity prices, there are hopes that inflation may be bridled, but some economists believe that it will take some more time to ease that pressure on Wall Street after the widespread nature of the July price surge.

According to the Labor Department report, there was 1.2 percent increase in wholesale prices during July and the rising costs for energy and other materials were the basic factors behind surge.

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There are one thousand one hundred and ninety nine ways to make an extra income. We can work part time and utilize various mediums to make some extra income. Many people develop ways to make extra income with a simple idea. The business idea is the most difficult part to decide the way of making extra income.

It is business idea that determines your way to make extra income. But the question is which business idea can prove the best for you?

If you are serious about making extra income, there are some important ideas that you must consider on your way to make extra income.

• The way you have decided to make extra income is a part time way or it will be a full time venture?
• If you are going to make an extra income part time, is it feasible for you? Will this way conflict with your work and family life?
• Why do you want a way to make extra income? A lot of people overlook this question when things begin to become harder in the way they choose to make extra income.

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On Tuesday, Saks Fifth Avenue chain reported huge loss for the 2Q. According to the report, Saks’ well off customers cut back on apparel in the course of a sluggish economy and it was basic factor behind that wider-than-expected loss.

The operator of luxury goods retailer also predicted lackluster in activity during the rest of the year.

In premarket trading, Saks shares tumbled around 14 percent, dropping $1.57 to $9.65.

According to Saks, it had to bear 23 cents per share or $ 31.7 million loss during the second quarter that ended on Aug. 2. For the same period a year back, the net loss was reported 17 cents per share or $ 24.6 million as net loss. The retailer revenue dropped 3.5 percent to $669.2 million.

Thomson Reuters tells that the surveys were suggesting a smaller loss of 19 cents per share on the high proceeds of $679.2 million.

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The Anglo-Australian firm BHP Billiton has shown its profits rise by 12.4% during the fiscal year ended in June. It’s a record annual profit from the mining giant that it announced for the seventh consecutive year on the back of swelling commodity prices.

According to BHP predictions, the demand for commodities will be strong in the longer term, however the worldwide economy will move sluggishly in the near term.

Currently, the EU is inquiring BHP’s $170bn proposal for rival Rio Tinto.

If there is a tie-up between Rio and BHP, it would create a company with a one-third of the world’s iron-ore market.

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The world’s biggest premium carmaker announced on Thursday that it would voluntarily recall more than 150,000 vehicles in North America because of a possible defect in the front passenger airbag seat sensor mat.

According to a company spokesman, this voluntary recall is because of the front passenger airbag seat sensor mat defect in some 2004-2006 models.

Almost 200,000 such vehicles were referred by the U.S. traffic safety regulators but the spokesman told that almost 50,000 of these vehicles had already received new mats that work properly.

“This problem definitely exists in the U.S and Canadian markets as these two countries required sensor to find if a baby or an adult was occupying the seat,” the spokesman further added.

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