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Tag Archives: income

Sandy slowed consumer spending, pay in October

WASHINGTON — Americans cut back on spending last month while their income remained flat. The weakness in part reflected disruptions from Superstorm Sandy that could slow economic growth for the rest of the year. The Commerce Department said Friday that ...

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Higher gas costs push consumer spending up

WASHINGTON — Americans boosted their spending in August even though their income barely grew. Much of the spending increase went to pay higher gas prices, which may have forced consumers to cut back elsewhere. The Commerce Department said Friday that ...

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Wal-Mart 2Q profit rises 5.7 pct, raises outlook

NEW YORK — Wal-Mart Stores Inc. reported a 5.7 percent increase in second-quarter net income and raised its outlook for the full year as the world’s largest retailer continues to woo back frugal shoppers by re-emphasizing it has the lowest ...

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Former D.C. Council chairman pleads guilty to 2 charges

WASHINGTON — The former chairman of the District of Columbia Council pleaded guilty Friday to lying about his income on bank loan applications, the latest blow to a city government rocked by scandal. Kwame Brown also admitted to a misdemeanor ...

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