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U.S. consumer spending up slightly

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U.S. consumer spending up slightly U.S. consumer spending rose slightly in February while incomes were unchanged, according to the Commerce Department. For the fifth straight month, consumers increased their purchasing by 0.3 per cent in February. The rise compared with an increase of 0.4 per cent a month earlier. That was the smallest increase since September, perhaps in part due to snow storms that hit the East...
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Obama makes 15 recess appointments, ...

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Obama makes 15 recess appointments, blames Republicans The move intensifies an already bitter partisan atmosphere in Washington and Republicans swiftly condemned the action for sidestepping Congress, which goes into recess for its spring vacation on Monday. Recess appointments, which have been used by both parties, evade potentially difficult Senate confirmations required for senior federal posts by making the appointments on an...
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Spain wants women’s equality t...

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Spain wants women’s equality to be part of EU economic strategy ALENCIA, Spain (AFP) – Spanish Prime Minister Jose Luis Rodriguez Zapatero said Sunday that women’s equality should be a part of the European Union’s new 10-year plan to make the bloc’s economy more competitive. Zapatero, whose country holds the rotating six-month presidency, said the the strategy set as one of its goals raising the female employment rate across...
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Best Cities For Borrowers

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Best Cities For Borrowers Record-low mortgage rates should be good news for homebuyers, but restrictive lending still makes it hard to get a good loan in most parts of the country. Yet in a few cities, like Kansas City, Mo., Houston, and Dallas, you’ll find some of the lowest mortgage rates and the smallest percentage of people with extremely delinquent loans or foreclosed homes. Because more people...
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Economic growth revised slightly low...

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Economic growth revised slightly lower in Q4 WASHINGTON (Reuters) – The U.S. economy grew at a slightly less brisk pace in the fourth quarter than previously estimated and the momentum is expected to slow this year as a boost from inventories fades. While the report on Friday — which also showed continued strength in corporate profits — was evidence the economy emerged from recession in the second half of 2009,...
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Greece to launch bond issue next wee...

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Greece to launch bond issue next week: report ATHENS (AFP) – Greece will launch a multi-billion euro bond issue next week, the Financial Times reported Saturday, after a rescue deal by European Union leaders to help the country out of its debt crisis. Petros Christodoulou, the head of Greece’s public debt management agency, told the paper Athens wanted to borrow some five billion euros (6.7 billion dollars) from the...
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