Consumer spending up, but morale sinks
Worries over high unemployment pushed U.S. consumer confidence to a four-month low in August, while spending rose modestly in July, indicating the economy's recovery from recession would be lethargic. Read Full Article here.
U.S. credit card issuers pare lending limits
Millions of Americans have already seen their credit card limits shrink, and millions more face the same fate as lenders prepare for tougher U.S. consumer protection rules. Read Full Article here.
Mets owners will sell due to Madoff losses: author
The owners of the New York Mets will be forced to sell the pro baseball team due to huge losses suffered in the Bernard Madoff swindle, the author of a book about the disgraced money manager said on Friday. Read Full Article here.
US court throws out FCC cable ownership limit
A U.S. court on Friday struck down a rule limiting a cable company to no more than 30 percent of the subscription television market, a victory for companies like Comcast Corp that could spark a wave of consolidation in the industry. Read Full Article here.
'Clunkers' boosts US Aug sales; investors look beyond
U.S. government incentives likely pushed U.S. auto sales to a 20-month high in August, leaving analysts and the industry guessing how hard a landing to expect with the Cash for Clunkers program now exhausted. Read Full Article here.