U.S. Retail Sales, SAC, Wal-Mart, Cisco: Week Ahead Aug. 12-17
In the U.S., retail sales probably rose for a fourth straight month and industrial production climbed for a second month in July. The euro-area is likely to have exited a recession in the second quarter after a record six quarters of contraction, data may show.
Investors in SAC Capital Advisers LP face a deadline to redeem money for the third quarter from founder Steven Cohen’s hedge fund, which has been indicted for perpetrating what the U.S. calls an unprecedented insider-trading scheme.
MONDAY, AUG. 12
To contact the editor responsible for this story: Dick Schumacher at email@example.com