Business in Brief 08-29-11
The week after Hurricane Irene started with some solid consumer spending news. The Personal Income & Outlays data for July was released in the early AM. Personal spending rose 0.8% in July, higher than the 0.5% gain seen by economists surveyed by Bloomberg. This followed a revision to June’s spending, taking it up to negative 0.1%, from minus 0.2%. Personal income increased 0.3% over June, which was in line with economists’ views. The Core PCE Price Index increased 0.2%, in line with consensus, but up from the 0.1% increase marked in June. This is an inflation gauge, and is up 1.6% year-over-year, hotter than the 1.4% measure taken in June.
Pending Home Sales were reported for the month of July down 1.3%, versus expectations for a 1.0% drop. It’s a shame Washington couldn’t get its act together, or we might have seen some continuation of the 2.4% growth reported the month before.
Monday’s EPS offered reports from Better Online Solutions (Nasdaq: BOSC), Casella Waste Systems (Nasdaq: CWST), China Cord Blood (NYSE: CO), CNinsure (Nasdaq: CISG), Contango Oil & Gas (AMEX: MCF), Culp (NYSE: CFI), Donaldson (NYSE: DCI), Espey Manufacturing & Electronics (AMEX: ESP), Global Education and Technology (Nasdaq: GEDU), LDK Solar (NYSE: LDK), Prospect Capital (Nasdaq: PSEC), SWS Group (NYSE: SWS), Winn Dixie (Nasdaq: WINN) and several others.
Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.
Pending Home Sales were reported for the month of July down 1.3%, versus expectations for a 1.0% drop. It’s a shame Washington couldn’t get its act together, or we might have seen some continuation of the 2.4% growth reported the month before.
Monday’s EPS offered reports from Better Online Solutions (Nasdaq: BOSC), Casella Waste Systems (Nasdaq: CWST), China Cord Blood (NYSE: CO), CNinsure (Nasdaq: CISG), Contango Oil & Gas (AMEX: MCF), Culp (NYSE: CFI), Donaldson (NYSE: DCI), Espey Manufacturing & Electronics (AMEX: ESP), Global Education and Technology (Nasdaq: GEDU), LDK Solar (NYSE: LDK), Prospect Capital (Nasdaq: PSEC), SWS Group (NYSE: SWS), Winn Dixie (Nasdaq: WINN) and several others.
Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.
Labels: Business-News-Summary, Stock-Market-News
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