Stocks Lower After Consumer Datamore similar news »
Wall Street lost ground on Friday after the government said personal incomes fell last month by the largest amount in nearly three years while consumer spending slowed.
Consumer Spending Slowed in Julymore similar news »
Spending slowed for the second consecutive month and personal income fell as the effect of economic stimulus checks tapered off and inflation lingered, the Commerce Department said.
Allianz in ‘Advanced Talks’ on Dresdner Salemore similar news »
With the planned sale of Dresdner Bank to Commerzbank, Allianz is set to abandon the biggest experiment in German finance of the last decade in favor of a global trend: focusing on core competencies.
