U S economy grows slowly as inventories shrink
The Commerce Department reports the economy expanded at 2 percent annual rate in the July September quarter, down from 2.5 percent. After tax incomes fell, reflecting high unemployment and smaller raises, with inventories weighing on the revision. Economists expect stronger growth in Q4. Jennifer Lee notes improving October data.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
Jennifer Lee
BMO Capital Markets
Banks' debit card fees face antitrust review
The Justice Department said it is reviewing banks and trade associations for possible antitrust violations tied to new debit card fees. Assistant Attorney General Ronald Welch said the agency is examining statements and actions regarding consumer fee increases, and will act if violations are found.
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Washington
Justice Department
Ronald Welch
Peter Welch
D-Vi
Welch
U.S
Eric Holder
Wells Fargo & Co
Jpmorgan Chase & Co
Holiday sales expected to rise 2.8 to 3.0 percent
Retail experts forecast a modest holiday sales gain for 2011 with Black Friday set to be bigger and longer. Gift cards clothing toys and music top the expected best sellers while shoppers trend toward personal purchases over traditional gifting at many stores including Powell Jewelry in Wichita where festive displays drum up demand.
MENTIONED IN THIS ARTICLE
Wichita
Kan
Michael Niemira
International Council of Shopping Centers
Niemira
Powell Jewelry
New Market Square
Daniel Hernandez
Holiday season hiring expands beyond retail
Staffing firms report a surge in short term jobs as shoppers plan budgets. Chris Campisi of Robert Hall International notes demand for data processors and clerical staff for year end open enrollment and budgeting, plus reception and customer service posts. Holiday ads show gift wrappers, managers, package handlers and seasonal drivers as employers seek temporary help.
MENTIONED IN THIS ARTICLE
Chris Campisi
Metro
Uniondale
N Y
Robert Hall International
Campisi
Long Island
N.Y
John A. Challenger
Challenger, Gray & Christmas
Thanksgiving car rental costs dip to $37 a day
Despite higher air and hotel prices, AAA projects an 11 percent drop for car rentals to about $37 daily this Thanksgiving. Travelers report finding deals, with NJ resident Chris Holko and friends paying under $20 a day for a five day Enterprise rental near Fort Lauderdale for NASCAR travel.
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Fort Lauderdale
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Travel Club
AAA
New Jersey
Chris Holko
Enterprise
Holko
Palm Beach Gardens
Joe
Barton
Indiana
Kris Clifton
Clifton
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