Read all about it! This Week’s Top Line News Summary – 10/5/09

Last week we shared with you our firm’s “Top Line News Summary” which included highlights from three sectors including real estate, healthcare, and bankruptcy.

This week our media relations professionals highlight three different sectors: retail, HR/management, and markets.

Retail: Key retail stores will release September sales reports this Thursday. Retailers and analysts will be looking to see if they need to adjust their already gloomy-holiday forecasts. More information can be found in today’s Wall Street Journal.

HR/Management:  Bank of America directors will meet this week to choose an emergency CEO in case legal issues force Kenneth Lewis to step down before the end of the year.  A five-person board committee is leading the process.  Once the committee chooses a candidate, and once the full board approves, the plan will be “shelved until needed.”  http://tinyurl.com/ybzeg3h 

Markets:  Stocks climbed early Monday, propped up by gains for financial stocks after analysts at Goldman Sachs raised their outlook on the sector. Analysts at Goldman Sachs indicated that they are more optimistic about large U.S. banks, raising their coverage view on the sector to attractive from neutral. Wells Fargo shares were up 5% after Goldman upgraded the bank to buy. Capital One Financial, which Goldman added to its conviction buy list, gained 5.2. The Dow Jones Industrial Average was recently higher by about 11 points, the S&P 500 rose about 0.4% and the Nasdaq Composite Index was up about 0.2%. http://tinyurl.com/y8fm9ru

What are YOU reading this week?

(photo by JWorld)

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