Doug Nidiffer, chairman of the board for C&K Market Inc., holds a ribbon outside the newly remodeled Chetco Pharmacy and Gifts on Chetco Avenue Saturday as Brookings City Council Ron Hedenskog and City Manager Gary Milliman, right, look on. C&K Market purchased the store last year. Submitted photo
Several behemoths, including Apple, the largest U.S. company by market value, as well as Microsoft, McDonald's (MCD.N) and AT&T (NYS:T), are due to report earnings. They'll be accompanied by highfliers like Netflix and Facebook, giving the first real cross-section of the state of corporate America as temperatures rise across the country and investors hope to put the cold weather behind them. Strategists will also be looking for clues on how badly China's slowdown hits U.S. corporate results. The first batch of earnings came out as equities were working their way through a selloff led by trading-crowd favorites like Netflix and the biotech stocks.
Strong demand for new automobiles in China has laid the foundations for the next leg of business for carmakers BMW (BMW.DE), Audi and Mercedes-Benz: the second-hand premium car market. China's auto market is the world's biggest and is set to grow between 8 percent and 10 percent this year, fuelled by increasingly affluent buyers, who use them for the daily commute, with some opting for luxury brands as a status symbol. We have 290 dealers who offer certified pre-owned Audis," Rupert Stadler, chief executive of Volkswagen's (VOW3.DE) premium brand, Audi, said during the Auto China show in Beijing. "In China, we have some dealers that sell between 1,500 and 3,000 cars."
In this corner of South Africa's black township of Soweto, the biggest building used to be the Catholic church. Now it's been overshadowed by a shopping center and business has only gotten worse for Grace, a 68-year-old shopowner. Like many proprietors of "spaza" shops - the informal stores that dot township corners - Grace barely manages to keep afloat as more of her neighbors head to the mall. Grace has been running the shop with her husband since 1993, the year before South Africa's first all-race elections.