August 28, 2009 Friday
Updated


WASHINGTON - US CONSUMER spending rose for the third consecutive month in July while incomes were virtually flat, government data showed on Friday in a report suggesting demand picking up amid the long recession.

The Commerce Department said consumer spending - which drives two-thirds of US economic activity - rose 0.2 per cent in July, in line with the average analyst forecast.

 
US stocks open higher

NEW YORK - STOCKS are opening higher after Intel raised its revenue guidance for the third quarter.

Madoff trustee to review claims

NEW YORK - THE bankruptcy trustee overseeing the liquidation of Bernard Madoff's investment advisory firm will ask a court to decide how much the imprisoned swindler's victims should recover, including those seeking profits reflected on their faked account statements.

UK house prices in biggest rise

LONDON - HOUSE prices in England and Wales saw their biggest monthly rise in five years in July, a further indication that the housing market here is recovering from its crash, the Land Registry said on Friday.

   
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