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Big Lots Slips on Ratings Downgrade
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FBN’s Robert Gray with an afternoon market update, plus news that Big Lots shares are down after a ratings downgrade.
- Duration 0:53
- Date Nov 9, 2012
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FBN’s Robert Gray with an afternoon market update, plus news that Big Lots shares are down after a ratings downgrade.
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I'm Robert -- with your Fox Business three.
US consumer sentiment rose more than expected rising to the highest level in more than five years.
The University of Michigan preliminary reading for the month hit 84 point nine.
-- ratings downgrade is weighing on shares of big lots today Standard and Poor's slashed the discount retailer's rating a notch down to triple B minus.
The firm -- -- more than expected second quarter results and sustain operating weakness for the move.
We got stock is down with a few percent here today.
And video game sales slumped 25%.
Of the month of October marking the eleventh straight month of declines.
Steep drop basically grim holiday season for the industry as gamers await the release of big titles like call of duty black -- you.
And that is the latest from the Fox Business Network giving you them.