Consumer spending rise signals steady March growth
U S commerce data show March spending up 0.4 percent with income up 0.4 percent. Despite solid consumer activity fueling growth in the January to March quarter, stocks fell on inflation fears and expectations the Fed may raise rates later.
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Commerce Department
Ken Mayland
ClearView Economics
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California bans Diebold touchscreen voting amid security concerns
California elections chief calls for a criminal probe of Diebold Election Systems Inc and bans its newest touchscreen model, forcing up to 2 million voters in four counties to use paper ballots in November. Accurate-Tax machines face immediate decertification in 14 000 units while 23 conditions apply to 4 000 older Diebold machines and 24 000 rivals.
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Sacramento
Calif
Diebold Election Systems Inc
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Shelley
McKinney
Diebold Election Systems
Diebold Inc
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Ohio
Diebold
California
Rec
Kevin Shelley
Oil prices slip on profit taking on NYMEX
New York futures closed lower as traders booked gains before the May gasoline contract expiration. Signs of an improving U.S. economy, terrorism fears, refinery problems, and stricter gasoline specs fuel concern of a summer supply crunch while April's front month averaged a record for the month. June crude settled at $37.38 after a high of $38.03, up 7 cents.
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New York
New York Mercantile Exchange
U.S
Phil Flynn
Alaron Trading Corp
Gas prices rise in Ohio with bleak spring outlook
Northeast Ohio sees a one cent rise to 1.83 per gallon for self serve regular gas. The AAA Fuel Gauge Survey says the spring and summer outlook remains bleak for motorists as Ohio's average matches the national 1.81 rate.
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Ohio
U.S. gasoline demand to hit record high this summer
A Centre for Global Energy Studies report says U S gasoline demand this summer could reach 9.4 million barrels per day, two percent above last year. refiners must sustain full output and import record levels to meet the demand. contact Adrian Burns at 329 7197 or aburns chronicletelegram.com.
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Centre For Global Energy Studies
U.S
AAA
Adrian Burns
Aburns
Chronicletelegram.com
Deliberations to Start in Quattrone Retrial
Jurors began deliberating in the Frank Quattrone retrial in New York over an allegedly obstructive email that urged colleagues to destroy files. Closing arguments contrasted a prosecutor's view of a premeditated attempt to shield personal fortune with defense claims the email was a minor bureaucratic snippet mischaracterized by the government.
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New York
Frank Quattrone
Quattrone
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