Consumers borrow less for 5th straight month as they rebuild nest eggs

September 14th, 2009 Obama urges financial industry to rebuild trustNEW YORK — President Barack Obama is telling Wall Street to take steps on its own to rebuild trust with the public, and not wait for Congress to legislate the tighter oversight of the industry he is pushing. Obama says many of the firms now seeing improvement in their finances owe a debt to the American people, who financed a $700 billion bailout last year.

August 5th, 2009 Americans spent more in June, despite income dropWASHINGTON — As gasoline prices rose, Americans spent more in June than the previous month — despite falling incomes. For the rest of the year, economists expect falling wages and rising unemployment to act as a drag on spending.

August 4th, 2009 Spending inches up in June, despite income dropWASHINGTON — As gasoline prices rose, Americans spent more in June than the previous month — despite falling incomes. For the rest of the year, economists expect falling wages and rising unemployment to act as a drag on spending.

August 4th, 2009 Consumer spending rises in June, incomes dropWASHINGTON — Consumers opened their wallets and pocketbooks a bit more in June, increasing their spending for the second straight month while saving less, even as incomes fell sharply. Consumer spending is closely watched because it accounts for about 70 percent of total economic activity.

August 2nd, 2009 DHAKA - Concerned at the rising price of eggs, an everyday item in a Bangladeshi home, the government is considering large-scale imports, possibly from India. There is resistance from the poultry product makers and an earlier proposal by GE Enterprises, a private trading firm, to import a billion eggs from India was shot down.

August 2nd, 2009 WASHINGTON - A team of scientists, using radio telemetry, has tracked the movement of the roadrunner and studied its ecology and habitat. The study was lead by Dr.

June 5th, 2009 WASHINGTON - A new study by scientists at the University of Cambridge has shown that inexperienced reed warblers learn how to stop cuckoos from laying eggs in their nests by watching how other members of their species deal with the parasitic birds. Reed warblers live with the threat that a cuckoo will infiltrate their nest, remove one of their eggs, replace it with a cuckoo egg, and leave cuckoo chicks to be raised by the unsuspecting reed warblers.

June 1st, 2009 Hopeful signs for economy emerge in latest dataWASHINGTON — Fresh signs emerged Monday that the recession is letting up. Manufacturing's slide is slowing.

June 1st, 2009 Consumer spending dips; savings rate surgesWASHINGTON — Frugal consumers trimmed spending in April — although by less than expected — as rising unemployment kept pocketbooks in check and motivated Americans to save. With income growth far outpacing spending, Americans' personal savings rate zoomed to 5.7 percent, the highest since February 1995, the Commerce Department reported Monday.

June 1st, 2009 Consumer spending registers small dipWASHINGTON — Frugal consumers trimmed spending in April — although by less than expected — as rising unemployment kept pocketbooks in check. With income growth far outpacing spending, Americans' personal savings rate zoomed to 5.7 percent, the highest since February 1995, the Commerce Department reported Monday.

April 22nd, 2009 WASHINGTON - When it comes to house-hunting, rock ants tend to choose the best home possible, according to a new study. In the study, led by Dr Elva Robinson in the University's School of Biological Sciences, researchers fitted rock ants with tiny radio-frequency identification tags, each measuring 1 / 2,000 (one two-thousandth) the size of a postage stamp.

April 11th, 2009 WASHINGTON - Lindsay Lohan reportedly hurled eggs at paparazzi who were tailing her throughout her club hopping night. The singer, who recently broke up with her lesbian lover Samantha Ronson, had allegedly been on a night out with her pals.

February 2nd, 2009 WASHINGTON - US consumer spending dropped one percent in December, a record sixth straight monthly decline and rounding out the country's worst year for consumers since 1961, the commerce department said Monday. The drop from a month at an annual rate was larger than economists had predicted, according to Bloomberg News, and compared to a revised 0.8-percent drop in November.

February 2nd, 2009 WASHINGTON - US consumers cut spending for a sixth straight month in December, capping off the worst year for consumer spending since 1961 and pointing to a further slide in the US economy reeling from its worst crisis in decades. A Commerce Department report released Monday showed spending by individuals fell one percent December, after dropping a revised 0.8 percent in November, slightly less than a 0.9 percent drop forecast by economists.

February 1st, 2009 WASHINGTON - US consumers cut spending for a sixth straight month in December, capping off the worst year for consumer spending since 1961 and pointing to a further slide in the US economy reeling from its worst crisis in decades. A Commerce Department report released Monday showed spending by individuals fell one percent December, after dropping a revised 0.8 percent in November, slightly less than a 0.9 percent drop forecast by economists.