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Saturday, November 21, 2009 2:48 PM

Consumer Spending

Type: Keyphrase

Name: Consumer Spending

First Reported 11/19/2009 - Updated 11/19/2009 - 5 Documents (in Economy)

MarketWatch Inc

Economic Report: U.K. Oct. retail sales rise

LONDON (MarketWatch) -- British retail sales volumes continued to hold up in October, rising at the fastest annual pace in 17 months, the Office for National Statistics reported Thursday.In a busy day for U.K. data watchers, the ONS separately reported ... [MarketWatch - 11/19/2009]

Entities: Retail Sales, Office For National Statistics, MarketWatch Inc, Consumer Spending, Bank of England

First Reported 11/19/2009 - Updated 11/19/2009 - 4 Documents (in Internet & IT)

Activision Blizzard Inc

COD: Modern Warfare 2 sells $550 mil in 5 days

Activision Blizzard Inc announced that their game — 'Call of Duty: Modern Warfare 2' scored record sales of $550 million in its first five days, but the company is still concerned about weak consumer spending.The game, a 'first-person-shooter' that lets ... [Tech2.com India - 11/19/2009]

Entities: Modern Warfare 2, Call Of Duty, Activision Blizzard Inc, Activision Inc, Consumer Spending

First Reported 2 hours ago - Updated 2 hours ago - 2 Documents (in Market News)

Federal Reserve System

The Great Economic Stimulus Debate of 2009

AM By: Mike_Whitney "Crybabies need not apply" Barack Obama has decided to push the economy back into recession, and no one can figure out why. Perhaps the impressionable Obama has come under the spell of the deficit hawks and crystal gazers who see Armageddon ... [The Market Oracle - 2 hours ago]

Entities: Federal Reserve System, Mike Whitney, Deflation

First Reported 5 hours ago - Updated 2 hours ago - 2 Documents

Our hard-won savings are earning much less

NEW YORK -- The U.S. is finally becoming a nation of savers. Now if only we could get something for our money.Interest rates are sinking to near zero for the first time since last year's financial meltdown, dampening spending as Americans earn less on ... [Indianapolis Star - 2 hours ago]

Entities: Bert Ely, Bureau of Economic Analysis, Savers

First Reported 11/19/2009 - Updated 11/19/2009 - 4 Documents

PWC economist: China to grow strongly

LONDON: China should have a gradual exchange rate adjustment process, which will be potentially desirable for everyone, said John Hawksworth, head of macroeconomics of PriceWaterhouseCoopers (PWC), one of the world's four largest accounting firms.He told ... [CHINAdaily - 11/19/2009]

Entities: China, John Hawksworth, Consumer Spending, Recession, India

First Reported 11/19/2009 - Updated 11/20/2009 - 3 Documents (in Energy)

OECD

Equity selloff drags oil lower

New York - A global selloff on equity markets dragged down crude prices by nearly 3 per cent Thursday, the first decline this week.The price for a barrel of crude dropped by more than $1 (U.S.) immediately after U.S. markets opened, with the Dow Jones ... [Globe Investor - 11/20/2009]

Entities: US Dollar, Natural Gas, OECD

First Reported 11/19/2009 - Updated 11/19/2009 - 2 Documents (in Economy)

Canada's leading index up 0.7% in October

The leading index only typically exceeds one during the early stages of economic recovery, Statistics Canada says. The index slowed to 0.7 per cent in October after two months above one. (Canadian Press)The national composite leading index rose by 0.7 ... [CBC - 11/19/2009]

Entities: Canada, Existing Home Sales, Housing Starts

First Reported 11/19/2009 - Updated 11/19/2009 - 2 Documents (in Economy)

Retail sales improve in October

Retail sales in October were up 3.4% on the same month last year, driven by clothing and footwear (10.7% rise) and online/catalogue sales (15.8% rise). Shoppers are also spending more on retail items, with the value of sales up 3% year-on-year.Howard ... [Moneywise Magazine - 11/19/2009]

Entities: Retail Sales, Marks & Spencer Group Plc, Jonathan Loynes, Halfords, Unemployment

First Reported 11/19/2009 - Updated 11/19/2009 - 1 Documents (in Internet & IT)

Rentrak Announces Top DVD Sales and Rentals for Week Ending November 15, 2009

LOS ANGELES, Nov. 19 -- Rentrak Corporation (Nasdaq: RENT), today announced the top ten DVD sales and rentals for the prior week based on estimated consumer spending.According to the company's Retail Essentials and Home Video Essentials ... [Earthtimes.org - 11/19/2009]

Entities: Rentrak Corporation, Retailing, Consumer Spending

First Reported 11/19/2009 - Updated 11/19/2009 - 1 Documents (in Corporate Deals)

Big back in fashion for retailers

Small is no longer beautiful for retailers. With customers returning to the shops, almost all retailers are now focusing on large format stores (15,000 to 20,000 sq ft or above) that allow them to sell a larger number of items and trigger higher consumer ... [Business Standard India - 11/19/2009]

Entities: Consumer Spending

First Reported 11/19/2009 - Updated 11/19/2009 - 1 Documents

Fourth straight rise in leading index in October: StatsCan

The Canadian PressThe composite leading index increased 0.7% in October, its fourth straight advance.Statistics Canada reports eight of 10 components expanded, with housing still the fastest-growing component.The agency says a continued recovery in the ... [Investment Executive - 11/19/2009]

Entities: Wholesale Inventories, Canada, Vehicle Sales

First Reported 11/19/2009 - Updated 11/19/2009 - 1 Documents (in Market News)

Sterling hurts United Drug

Weak sterling has continued to dent United Drug's reporting figures, with the healthcare supplies group reporting a 5pc slide in adjusted pre-tax profits to ?66.9m for the year to the end of last September.The weakness of the pound coupled with a tougher ... [Drogheda Independent - 11/19/2009]

Entities: Liam FitzGerald, John Mulligan, Consumer Spending, Fiscal Year, Dividend

Quotes

...Here's what he said on his tour through Asia: "I think it is important to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U S economy in a way that could actually lead to a double-dip recession." So it's true. Obama has aligned himself with the faux-prophets and dollar demagogues who think that the end is nigh...

Financial and Economic Situation Could Get Ugly Fast [The Market Oracle - 2 hours ago]

...during the last year led Penneys to make 'a conscious decision to moderate some of our behavior - expenses, capital, inventories,' Ullman said. "And we actually wanted to accelerate our investments in some categories, like Sephora and customer service, rather just saying it's going to be a tough economy and everything is going to change." A key change is occurring in the company's preparation for the holiday shopping season...

With consumers made permanently frugal by recession, Penneys is prepared, its CEO says. [Philadelphia Inquirer - 5 hours ago]

...expectation level which is the highest forecasted level in the previous nine surveys, according to the results of last quarter's Phoenix Management "Lending Climate in America Survey. Sixty-three percent of respondents believe the 2009 holiday retail spending activity will be very similar compared to 2008. Twenty-eight percent of lenders believe that the 2009 holiday retail spending activity will decrease compared to last year's activity, as a result of increased consumer fiscal awareness and less disposable income. Nine percent of respondents are hopeful that holiday retail spending in 2009 will be higher than in 2008 due to improvements in consumer confidence. This is an extremely important economic indicator as consumer spending represents approximately two-thirds of our nation's economy. 'It's great to see such confidence in the direction our economy is headed,' said Phoenix Managing Director and Shareholder Michael Jacoby. 'However it is interesting to see the differing opinions on the government's impact on the economy during the past year.' Results show that lenders are mixed regarding the U S Government's impact on the financial industry during the past year. Forty-five percent of respondents believe the economy is in a better position today because of the government's interaction than it would have been without its aid. Twenty-two percent of lenders feel that massive government spending of over $1 trillion in order to aid the economy will have a devastating impact on our nation's massive fiscal deficit, which will hurt our long-term economic growth. Twenty percent of lenders are thankful that the government used quick and decisive actions which prevented the economy to fall into a deeper tailspin. Eleven percent believes that the government imposed too many restrictive regulations, which will hurt the country's short and long-term economic growth. The remaining two percent gave 'Other' responses. More than half of all respondents - 55 percent - believe that today's business owners' main emphasis regarding their own business model is focused on short-term survival with an anticipated recovery. Even though over 50 percent of polled lenders indicate concern regarding their clients' business models in the current economic environment, 17 percent believe that business owners' are capitalizing on market opportunities as a result of other competitors' struggles, while 16 percent are confident in their business model navigating them through the current economic environment. According to lenders, twelve percent are solely focused on surviving the recession. Phoenix Management Services is an operationally focused advisory firm, providing turnaround, crisis and interim management services to middle market companies in transition."

Phoenix Survey: Holiday Spending Expected to be Similar to 2008 [TMC Net - 7 hours ago]

...The agency "would make it harder and more expensive for consumers to borrow" they wrote...

EDITORIAL: Consumer destruction [Washington Times - 8 hours ago]

More Content

sort by: Date \| Relevance
CW, DSG and M&B due to report [MSN UK - 41 mins ago]
Retail vacancies steady despite weak economy: B... [Individual.com - 54 mins ago]
Consumers trade up for less on latest electro... [Canadian Business Magazine - 1 hour ago]
6 Questions: One-on-One with Daniel McCann, pre... [Canadian Business Magazine - 1 hour ago]
Consumers Hold the Key [Morningstar.com - 2 hours ago]
Our hard-won savings are earning much less [Indianapolis Star - 2 hours ago]
EUR/USD Weekly Review 21 Nov 09 [International Business Times - 2 hours ago]
European Commission review and harmonisation of... [Computer Weekly - 3 hours ago]
Insurance Agency/Broker Valuations Remain Uncer... [IRMI - 4 hours ago]
Geithner Wants a Chinese Currency Float [LewRockwell.com - 4 hours ago]
Savings rate doubled, but interest a pittance [Philadelphia Inquirer - 5 hours ago]
With consumers made permanently frugal by reces... [Philadelphia Inquirer - 5 hours ago]
JIP To Plan To Buy Subsidiary Of Yamaha [AltAssets.net - 5 hours ago]
Mitchells lack fizz [Teletext - 7 hours ago]
Phoenix Survey: Holiday Spending Expected to be... [TMC Net - 7 hours ago]
EDITORIAL: Consumer destruction [Washington Times - 8 hours ago]
Canadian housing index continues rapid growth [Daily Commercial News - 9 hours ago]
Jay Hancock's blog: T. Rowe Price panelists bul... [Baltimore Sun - 9 hours ago]
Archives: Toys 'R' Us Gets Wound Up Again [BusinessWeek - 10 hours ago]
As recovery begins, Latin-Kasper says majority ... [Trailer / Body Builders - 11 hours ago]
Record jobless rates hit 4 states [Washington Times - 12 hours ago]
Stocks could sputter with Black Friday eyed (Re... [Easy Bourse - 12 hours ago]
With oil holding its price, regional equities a... [Abu Dhabi National - 14 hours ago]
Gold Q3 demand dropped by 49 % due to high pric... [Financial Chronicle - 15 hours ago]
Wall St Week Ahead-Stocks could sputter with Bl... [Interactive Investor International - 15 hours ago]
Auto-Tune Named One of 'America's Hottest Brands' [Mix - 16 hours ago]
Stocks dip as investors fret about recovery ... [Yahoo! News - 17 hours ago]
Advanced Equities' Wright: 'The market has gott... [Investment News - 17 hours ago]
The Profitability Report: How to Protect Your M... [inc.com - 17 hours ago]
Stocks dip as investors weigh recovery bets ... [Yahoo! News - 17 hours ago]

Blogs

sort by: Date \| Relevance
The Great Economic Stimulus Debate of 2009 [The Market Oracle - 2 hours ago] AM By: Mike_Whitney "Crybabies need not apply" Barack Obama has decided to push the economy back into recession, and no one can figure out why. Perhaps the impressionable ...
The Pending Financial, Economic, Political and ... [The Market Oracle - 2 hours ago] The Dow is trying to make a comeback but the way I see it, much of the rise of “blue-chip” stocks is really more wishful thinking than serious thought. The stocks ...
Financial and Economic Situation Could Get Ugly... [The Market Oracle - 2 hours ago] AM By: Mike_Whitney Things could get ugly fast. With the Democrats backing-off on a second round of stimulus, the Fed signaling an end to quantitative easing, and ...
This Black Friday Will Be More Important Than M... [The Market Oracle - 15 hours ago] The day after the Thanksgiving holiday in the U.S., known as Black Friday, traditionally marks the beginning of the holiday shopping season in the U.S.It’s said ...
The Truth Behind China's U.S. Dollar Currency Peg [The Market Oracle - 15 hours ago] PM By: Peter_Schiff During President Obama's high profile visit to China this week, the most frequently discussed, yet least understood, topic was how currency valuations ...

Audio/Video

sort by: Date \| Relevance
Luxury items in short supply. [Slate Magazine - 11/19/2009]
GM sees gains; Lowe's slumps [Reuters - YouTube - 11/16/2009]
GM sees gains; Lowe's slumps [Reuters Video: Business - 11/16/2009]
Retail sales rise in October [Reuters - YouTube - 11/16/2009]
Retail sales rise in October [Reuters Video: Top News - 11/16/2009]

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Consumer Spending