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Consumer spending falls as sentiment sours
Written on 3 Nov, 2009 at 16:39 in Money | viewed 28 views times | 0 Comments
U.S. consumers cut spending in September and turned gloomier this month, underscoring the fragility of the economy’s recovery even as signs emerged that manufacturing may be picking up. The Commerce Department said on Friday consumer spending fell 0.5 percent last... (Continue reading)
Facebook gets $711 million damages in anti-spam case
Social networking website Facebook was awarded $711.2 million in damages relating to an anti-spam case against Internet marketer Sanford Wallace, court documents show. Wallace did not oppose the motion or appear at the hearing on September 18, 2009, according to... (Continue reading)
Most U.S. money managers bullish on market-Barron’s
Nearly two-thirds of U.S. money managers are bullish about the stock market through the middle of next year, Barron’s business weekly said on Sunday. “Today’s bullish investors see the major stock indexes making steady progress through next June, amid signs... (Continue reading)
U.S. lawmakers attack bank overdraft fees
U.S. lawmakers and consumer activists on Friday highlighted the need to reform overdraft fees that banks charge their customers, saying all too often a cup of coffee can wind up costing $40. Bills moving through the House of Representatives and... (Continue reading)
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