Tuesday, May 8, 2007

Japanese Automaker Stocks Decline on Concern U.S. Spending Is Faltering

(Bloomberg) -- Japan's automaker stocks fell, led by Toyota Motor Corp., on concern consumer spending in the U.S. has weakened and on speculation their profits will be eroded by increased incentives.

Sales at stores open at least a year may post a ``small decline'' when retailers release April results on May 10, the International Council of Shopping Centers and UBS Securities LLC said yesterday.


Read more at Bloomberg Stocks News

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