Topic: Consumer Spending

U.S. personal spending rises in October

WASHINGTON (Reuters) - U.S. consumer spending rose more than expected in October as incomes increased, data showed on Wednesday, offering some hope at the start of the fourth quarter for the nascent economic recovery. The Commerce Department said spending increased 0.7 percent, after a revised 0.6 percent fall ...
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US third quarter growth revised down to 2.8 percent

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. The gross domestic product (GDP) figure was revised down from last month's estimate of 3.5 percent growth, but ...
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Analyst says Dolby Labs at fair value; stock sinks

Dolby Laboratories shares fall after analyst reads more weak consumer spending in 2010 outlookShares 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. San Francisco-based Dolby's stock sank $2.86 ...
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Personal spending falls 0.5 percent in September

WASHINGTON (Reuters) - U.S. consumer spending fell in September for the first time in five months as the boost from a government auto incentive faded, data showed on Friday, adding to fears that consumers may be pulling back as they head into the last quarter of the year. The Commerce ...
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