US third quarter growth revised down to 2.8 percent

2010-02-24T01:06:19Z

<div><p>US economic growth in the third quarter was slower than initially estimated, the Commerce Department said Tuesday in cutting its estimate to a 2.8 percent annual pace of expansion.</p><p>The gross domestic product (GDP) figure was revised down from last month's estimate of 3.5 percent growth, but was in line with most analyst forecasts, taking into...

Analyst says Dolby Labs at fair value; stock sinks

2010-02-24T09:54:47Z

<div id="subtitle">Dolby Laboratories shares fall after analyst reads more weak consumer spending in 2010 outlook</div><div><p>Shares of Dolby Laboratories Inc. dropped Wednesday after an analyst said the audio technology maker's outlook for 2010 implies recovery in consumer spending might take longer than expected.</p><p>

September retail sales improve but still weak

2010-02-24T21:59:19Z

<div id="subtitle">September retail sales improve but some barely match 2005, SpendingPulse reports</div><div><p>U.S. retail sales figures from a key data service show signs of a rebound in September from last year's deep plunge.</p><p>SpendingPulse, a service of MasterCard Advisors, reports that several merchandising categories, including luxury and e...

Personal spending in August up 1.3 percent

2010-02-25T00:10:11Z

<div><p>WASHINGTON (Reuters) - U.S. consumer spending rose at its fastest pace in nearly 8 years in August, advancing for a fourth straight month, according to a government report on Thursday that pointed to a rebound in spending in the third quarter.</p><p>The U.S., consumer spending — the amount of money we shell out on everything from hammers to homes — fuels our economy. At the end of the federal second quarter in late March, the government said "personal consumption expenditures" climbed to almost 70.7 percent of the nation's gross domestic product, a term for the val...

'Clunkers' plan drives US consumer spending

2010-02-25T14:39:51Z

<div><p>US consumer spending rose in July, boosted by the government's popular "Cash-for-Clunkers" auto sales incentive program, official figures showed Friday.</p><p>The Commerce Department said consumer spending -- which drives two-thirds of

Summary Box: Unexpected drop in retail sales

2010-02-25T20:40:06Z

<div id="subtitle">Summary Box: Retail sales drop unexpectedly as consumers keep wallets closed</div><div><p>WHAT HAPPENED?: Retail sales fell unexpectedly in July, while first-time claims for jobless benefits rose slightly last week. The reports raised concerns about the ability of consumers to fuel a broad economic recovery.</p><p>WHAT'S IT MEAN?: Many analysts think programs like Commerce Department's headline figure surprised most analysts who had expected a monthly sales increase of 0.7 percent in July after two months in a row ...

US consumer spending rises, incomes fall

2010-02-26T00:33:57Z

<div><p>US consumer spending rose in June, but incomes plunged as a result of the end of certain stimulus payments, the government said Tuesday in a report highlighting challenges facing recovery from recession.</p><p>The Commerce Department reported personal spending rose for the second consecutive month, by 0.4 percent, slightly better than the average a...

Consumer spending rises in June, incomes fall

2010-02-26T00:45:39Z

<div><p>WASHINGTON (Reuters) - U.S. consumer spending rose slightly more than expected in June, a government report showed on Tuesday, likely pushed up by higher gasoline prices, and incomes saw their biggest drop in four-and-a-half years.</p><p>The Commerce Department reported consumer spending rose for the first time in three months, by 0.3 percent in May, in line with the expectations of privat...

Dollar lower as personal spending, savings rise

2010-02-26T18:15:59Z

<div id="subtitle">Dollar falls against major currencies as personal spending rises, but so does savings</div><div><p>The dollar was lower Friday after data showed that personal spending, incomes and savings all rose in May, suggesting consumers are being extremely careful with their money.</p><p>The 16-nation euro bought $1.4077 in afternoon Reuters) - U.S. consumer spending rose last month for the first time since February as government stimulus pushed incomes sharply higher, the Commerce Department said on Friday, supporting the view the economy was close to pulling out of rece...

US consumer spending continues to fall

2010-02-27T03:26:36Z

<div><p>US consumer spending fell 0.1 percent in April, government data showed Monday, highlighting caution among Americans as the country struggles with prolonged recession.</p><p>The Commerce Department said personal consumption expenditures, a main driver of economic activity, decreased 5.4 billion dollars, or 0.1 percent -- less than the 0.3 percent fa...

Japan jobless rate up, spending down in March

2010-02-27T17:15:16Z

<div id="subtitle">Japan jobless rate up, household spending down in March</div><div><p>Japan says its jobless rate rose and household spending fell in March.</p><p>Friday's government announcement shows the world's second-largest economy is still faltering.</p><p>The Ministry of Internal Affairs and Communications said the jobless rate worsene...

Consumer spending up for second straight month

2010-03-03T19:34:14Z

<div id="subtitle">Consumer spending increases for second straight month even though incomes drop due to layoffs</div><div><p>The government says consumers increased spending for a second straight month in February even though their incomes slipped due to continuing massive layoffs.</p><p>The Commerce Department reported Friday ...

Uptick in US consumer spending as taxes fall

2010-03-03T21:55:04Z

<div><p>US consumer spending in January ticked up for the first time in seven months as income got a boost from falling taxes in the midst of deepening recession, government data showed Monday.</p><p>The Commerce Department reported consumer spending rose a seasonally adjusted 0.6 percent in January, beating analysts' consensus forecast of a 0.4 percent ga...

November personal spending falls 0.6 percent

2010-02-28T23:24:18Z

<div id="subtitle">Personal spending drops for fifth straight month, longest stretch in half century</div><div><p>Consumer spending fell for a fifth straight month in November, the longest weak stretch in a half-century, while incomes declined under the weight of massive layoffs. Economists don't think the hard times will end anytime soon.</p><p>The Commerce Department said Wednesday.</p><p>In the first decline in four months, personal income contracted 0.2 percent in November, surprising analysts who had expected no change.</p><p>Consumption expen...

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