Ann Taylor Stores Corp. said Friday that it swung to a third-quarter profit, helped by inventory control that reduced discounts as sales declined more than Wall Street expected.
Treasury prices rallied again on Friday, sending yields on 2-year notes to the lowest this year, as investors step away from riskier assets to lock in profits as 2009 winds down.
U.S. stock futures on Friday point to a weaker start, hurt by Dell’s worse-than-forecast profit drop as traders move toward safer securities like bonds.