CONSUMER - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/CONSUMER News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) Bank of America settlement likely to benefit few http://www.sltrib.com/sltrib/money/58322480-79/bank-america-settlement-billion.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58322480-79/bank-america-settlement-billion.html.csp">Bank of America settlement likely to benefit few</a></h4> <span class="author vcard"><span class="fn">By JOSH BOAK, PETE YOST and MARCY GORDON</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-21T13:44:02.521-06:00">Updated Aug 21, 2014 01:44PM MDT</span></h5> <div class ="entry-content">Washington • Bank of America’s record $16.65 billion settlement for its role in selling shoddy mortgage bonds — $7 billion of it geared for consumer relief — offers a glint of hope for desperate homeowners. The settlement requires the second-largest U.S. bank to reduce some homeowners’ loan balances, provide new loans to low-income buyers and address areas of neighborhood blight. But consumer advocates say relatively few people will be helped relative to the devastation triggered by the mortgage...</div> <h5><a rel="item-license" href="#license-583224802014-08-21T13:44:02.521-06:00" id="#license-2014-08-21T13:44:02.521-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58322480@www.sltrib.com Thu, 21 Aug 2014 13:44:02 MDT Why Bank of America deal might not cost it $17B http://www.sltrib.com/sltrib/money/58317816-79/bank-settlement-billion-relief.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58317816-79/bank-settlement-billion-relief.html.csp">Why Bank of America deal might not cost it $17B</a></h4> <span class="author vcard"><span class="fn">By JEFF HORWITZ</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-20T12:42:02.381-06:00">Updated Aug 20, 2014 12:42PM MDT</span></h5> <div class ="entry-content">Washington • How much will Bank of America’s expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much. In mega-settlements negotiated with the government, a dollar is rarely worth an actual dollar. Inflated figures make sensational headlines for the Justice Department, and $17 billion would be the largest settlement by far arising from the economic meltdown in which millions of people in the United States lost their homes to foreclosure. But the tr...</div> <h5><a rel="item-license" href="#license-583178162014-08-20T12:42:02.381-06:00" id="#license-2014-08-20T12:42:02.381-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58317816@www.sltrib.com Wed, 20 Aug 2014 12:42:02 MDT Consumer prices edge up 0.1 percent in July http://www.sltrib.com/sltrib/money/58312604-79/percent-prices-inflation-july.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58312604-79/percent-prices-inflation-july.html.csp">Consumer prices edge up 0.1 percent in July</a></h4> <span class="author vcard"><span class="fn">By MARTIN CRUTSINGER</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-19T08:40:02.329-06:00">Updated Aug 19, 2014 08:40AM MDT</span></h5> <div class ="entry-content">Washington • U.S. consumer prices rose in July at the slowest pace in five months, held back by a drop in gasoline prices. Consumer prices edged up a seasonally adjusted 0.1 percent last month, after larger gains of 0.3 percent in June and 0.4 percent in May, the Labor Department reported Tuesday. It was the smallest increase since a similar 0.1 percent rise in February. The July price restraint came from falling gasoline prices, which had surged in June. All energy prices were down 0.3 percent ...</div> <h5><a rel="item-license" href="#license-583126042014-08-19T08:40:02.329-06:00" id="#license-2014-08-19T08:40:02.329-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58312604@www.sltrib.com Tue, 19 Aug 2014 08:40:02 MDT U.S. producer prices rise just 0.1 percent in July http://www.sltrib.com/sltrib/money/58300406-79/percent-prices-inflation-june.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58300406-79/percent-prices-inflation-june.html.csp">U.S. producer prices rise just 0.1 percent in July</a></h4> <span class="author vcard"><span class="fn">By CHRISTOPHER S. RUGABER</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-15T09:18:01.957-06:00">Updated Aug 15, 2014 09:18AM MDT</span></h5> <div class ="entry-content">Washington • Falling gasoline costs lowered the prices that U.S. companies received for their goods and services last month, keeping overall inflation in check. The producer price index rose 0.1 percent in July, following a 0.4 percent gain in June, the Labor Department said Friday. The index measures the cost of goods and services before they reach the consumer. Wholesale gas prices fell 2.1 percent, after jumping 6.4 percent in June. The cost of pharmaceuticals, pickup trucks and rail and truc...</div> <h5><a rel="item-license" href="#license-583004062014-08-15T09:18:01.957-06:00" id="#license-2014-08-15T09:18:01.957-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58300406@www.sltrib.com Fri, 15 Aug 2014 09:18:01 MDT Retail sales across the country were flat during July http://www.sltrib.com/sltrib/money/58292347-79/sales-july-percent-retail.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58292347-79/sales-july-percent-retail.html.csp">Retail sales across the country were flat during July</a></h4> <span class="author vcard"><span class="fn">By JOSH BOAK</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-13T09:43:02.233-06:00">Updated Aug 13, 2014 09:43AM MDT</span></h5> <div class ="entry-content">Washington • U.S. retail sales were essentially flat in July, providing evidence that consumers have yet to shed their doubts about the economy despite recent job gains. The Commerce Department said Wednesday that seasonally adjusted retail sales were unchanged in July compared with the prior month. Total sales rose a statistically insignificant $161 million from $439.6 billion in June. Spending dipped at auto dealers and department stores last month. The losses were offset by gains at grocery s...</div> <h5><a rel="item-license" href="#license-582923472014-08-13T09:43:02.233-06:00" id="#license-2014-08-13T09:43:02.233-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58292347@www.sltrib.com Wed, 13 Aug 2014 09:43:02 MDT Magazine: Tesla Model S defects emerged over time http://www.sltrib.com/sltrib/money/58288257-79/reports-car-consumer-tesla.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58288257-79/reports-car-consumer-tesla.html.csp">Magazine: Tesla Model S defects emerged over time</a></h4> <span class="author vcard"><span class="fn">By Alan Ohnsman</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-08-12T11:33:42.254-06:00">Updated Aug 12, 2014 11:33AM MDT</span></h5> <div class ="entry-content">Los Angeles • Tesla Motors’ Model S, ranked as the best-reviewed car of the year by Consumer Reports, exhibited minor flaws after months of driving as the magazine’s staff continued to test the vehicle. The non-profit publication, which buys all the cars it tests, said the problems mostly emerged after the sedan had been driven more than 10,000 miles. They included the center screen going blank after logging 12,000 miles, reducing access to most functions; a creaking noise from the roof; and iss...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58288257@www.sltrib.com Tue, 12 Aug 2014 11:33:42 MDT U.S. consumer sentiment edges down to 81.8 in July http://www.sltrib.com/sltrib/money/58250692-79/consumer-july-index-sentiment.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58250692-79/consumer-july-index-sentiment.html.csp">U.S. consumer sentiment edges down to 81.8 in July</a></h4> <span class="author vcard"><span class="fn">By MARTIN CRUTSINGER</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-01T10:55:21.673-06:00">Updated Aug 1, 2014 10:55AM MDT</span></h5> <div class ="entry-content">Washington • A measure of U.S. consumer confidence slipped in July although it remained at levels signaling further gains in consumer spending. The University of Michigan said Friday that its index of consumer sentiment edged down to 81.8 in July from 82.3 in June. The index of consumers’ assessment of current conditions rose but the index for expectations dipped slightly from the June reading. Survey director Richard Curtin said that consumers have yet to interpret the recent gains in jobs and ...</div> <h5><a rel="item-license" href="#license-582506922014-08-01T10:55:21.673-06:00" id="#license-2014-08-01T10:55:21.673-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58250692@www.sltrib.com Fri, 01 Aug 2014 10:55:21 MDT U.S.consumer spending up 0.4 percent in June http://www.sltrib.com/sltrib/money/58250387-79/percent-spending-rate-june.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58250387-79/percent-spending-rate-june.html.csp">U.S.consumer spending up 0.4 percent in June</a></h4> <span class="author vcard"><span class="fn">By MARTIN CRUTSINGER</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-01T10:56:03.741-06:00">Updated Aug 1, 2014 10:56AM MDT</span></h5> <div class ="entry-content">Washington • U.S. consumer spending rose at the fastest pace in three months in June, providing momentum for the economy going into the second half of the year. Consumer spending increased 0.4 percent in June on a seasonally adjusted basis following slower increases of 0.3 percent in May and 0.1 percent in April, the Commerce Department said Friday. That was the best showing since a 0.8 percent surge in spending in March, which reflected a rebound after a harsh winter had kept consumers from the...</div> <h5><a rel="item-license" href="#license-582503872014-08-01T10:56:03.741-06:00" id="#license-2014-08-01T10:56:03.741-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58250387@www.sltrib.com Fri, 01 Aug 2014 10:56:03 MDT U.S. economy grew at strong 4 percent rate in spring http://www.sltrib.com/sltrib/money/58241181-79/percent-quarter-economy-rate.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58241181-79/percent-quarter-economy-rate.html.csp">U.S. economy grew at strong 4 percent rate in spring</a></h4> <span class="author vcard"><span class="fn">By MARTIN CRUTSINGER</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-30T16:22:28.623-06:00">Updated Jul 30, 2014 04:22PM MDT</span></h5> <div class ="entry-content">Washington • After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at a fast 4 percent annual rate on the strength of higher consumer and business spending. The rebound reported Wednesday by the Commerce Department followed a sharp 2.1 percent annualized drop in economic activity in the January-March quarter. That figure was revised up from a previous estimate of a 2.9 percent drop. But it was still the biggest contraction since early 2009 in the depths o...</div> <h5><a rel="item-license" href="#license-582411812014-07-30T16:22:28.623-06:00" id="#license-2014-07-30T16:22:28.623-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58241181@www.sltrib.com Wed, 30 Jul 2014 16:22:28 MDT Consumer confidence picking up steam in Utah http://www.sltrib.com/sltrib/money/58237367-79/percent-utah-confidence-index.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58237367-79/percent-utah-confidence-index.html.csp">Consumer confidence picking up steam in Utah</a></h4> <span class="author vcard"><span class="fn">By Mike Gorrell</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-07-29T16:32:16.206-06:00">Updated Jul 29, 2014 04:32PM MDT</span></h5> <div class ="entry-content">Consumer confidence in Utah is as high as it’s been in the three years Zions Bank has been keeping track. The bank’s Utah Consumer Attitude Index went up 6.6 points between June and July, reaching an all-time high of 104.9. The national confidence level also jumped this month, by 4.5 points, but remained far behind Utah at 90.9. “Improvements in the labor market have had a significant positive impact on the health of Utah’s economy,” said Zions Bank President and CEO Scott Anderson. “Businesses ...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58237367@www.sltrib.com Tue, 29 Jul 2014 16:32:16 MDT Appeals court upholds labels on meat packages http://www.sltrib.com/sltrib/money/58237949-79/meat-industry-rules-court.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58237949-79/meat-industry-rules-court.html.csp">Appeals court upholds labels on meat packages</a></h4> <span class="author vcard"><span class="fn">By MARY CLARE JALONICK</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-29T14:36:02.317-06:00">Updated Jul 29, 2014 02:36PM MDT</span></h5> <div class ="entry-content">Washington • A federal appeals court on Tuesday upheld new government rules requiring labels on packaged steaks, ribs and other cuts of meat to say where the animals were born, raised and slaughtered. The meat industry has attempted to block the rules, which went into effect last year, saying they are costly and provide no health benefits to the consumer. The industry said in court that the rules go beyond what Congress intended and violate First Amendment rights to freedom of speech by forcing ...</div> <h5><a rel="item-license" href="#license-582379492014-07-29T14:36:02.317-06:00" id="#license-2014-07-29T14:36:02.317-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58237949@www.sltrib.com Tue, 29 Jul 2014 14:36:02 MDT U.S. consumer confidence jumps to 90.9 in July http://www.sltrib.com/sltrib/money/58236779-79/confidence-july-90.9-consumers.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58236779-79/confidence-july-90.9-consumers.csp">U.S. consumer confidence jumps to 90.9 in July</a></h4> <span class="author vcard"><span class="fn">By MARTIN CRUTSINGER</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-29T09:13:02.201-06:00">Updated Jul 29, 2014 09:13AM MDT</span></h5> <div class ="entry-content">Washington • U.S. consumers are more confident about the economy than they have been in nearly seven years. The Conference Board’s confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. The July reading is the highest since October 2007, two months before the Great Recession officially began. It was the third straight increase in the index. Economists said that strong job growth has helped boost consumers’ assessment of current conditions and also improved their outlook on ...</div> <h5><a rel="item-license" href="#license-582367792014-07-29T09:13:02.201-06:00" id="#license-2014-07-29T09:13:02.201-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58236779@www.sltrib.com Tue, 29 Jul 2014 09:13:02 MDT Russia: McDonald’s food has ‘too many calories’ http://www.sltrib.com/sltrib/money/58224734-79/mcdonald-agency-russia-calories.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58224734-79/mcdonald-agency-russia-calories.html.csp">Russia: McDonald’s food has ‘too many calories’</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-25T14:47:01.779-06:00">Updated Jul 25, 2014 02:47PM MDT</span></h5> <div class ="entry-content">Moscow • Russia’s consumer protection agency has filed a suit against McDonald’s for allegedly selling food that does not meet legal standards. The case was announced Friday on the website of the agency, Rospotrebnadzor, which said it comes in the wake of inspections of two of the company’s restaurants in Novgorod. According to the statement, some food was found with microbial contamination and several items had caloric values two to three times higher than allowed by national regulations. The s...</div> <h5><a rel="item-license" href="#license-582247342014-07-25T14:47:01.779-06:00" id="#license-2014-07-25T14:47:01.779-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58224734@www.sltrib.com Fri, 25 Jul 2014 14:47:01 MDT Worries about U.S. consumers drag stocks lower http://www.sltrib.com/sltrib/money/58224072-79/percent-visa-investors-market.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58224072-79/percent-visa-investors-market.html.csp">Worries about U.S. consumers drag stocks lower</a></h4> <span class="author vcard"><span class="fn">By KEN SWEET</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-25T17:33:52.992-06:00">Updated Jul 25, 2014 05:33PM MDT</span></h5> <div class ="entry-content">New York • Investors got some bad news about the American shopper on Friday, driving down stocks and sending the Dow Jones industrial average to a loss for the week. Two major U.S. companies — the retail giant Amazon and the credit card processor Visa — both said that the second half of the year was looking more troubled than originally expected. The cautious outlook from two companies so heavily exposed to consumer spending spooked investors, causing the stock market to fall at the open and rem...</div> <h5><a rel="item-license" href="#license-582240722014-07-25T17:33:52.992-06:00" id="#license-2014-07-25T17:33:52.992-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58224072@www.sltrib.com Fri, 25 Jul 2014 17:33:52 MDT Feds looking to air consumer finance complaints http://www.sltrib.com/sltrib/money/58191997-79/consumer-consumers-complaints-bureau.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58191997-79/consumer-consumers-complaints-bureau.html.csp">Feds looking to air consumer finance complaints</a></h4> <span class="author vcard"><span class="fn">By JEFF HORWITZ</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-16T18:11:01.719-06:00">Updated Jul 16, 2014 06:11PM MDT</span></h5> <div class ="entry-content">Washington • The Consumer Financial Protection Bureau has heard from hundreds of thousands of consumers who feel wronged by banks and finance companies. Now the agency wants the public to hear from those consumers too. On Wednesday, the bureau proposed allowing consumers to publish online the details of their complaints against lenders and financial service providers. Those narratives would augment the bureau’s consumer complaint database, which lists complaints about checking accounts, credit c...</div> <h5><a rel="item-license" href="#license-581919972014-07-16T18:11:01.719-06:00" id="#license-2014-07-16T18:11:01.719-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58191997@www.sltrib.com Wed, 16 Jul 2014 18:11:01 MDT Higher gasoline costs raise U.S. producer prices http://www.sltrib.com/sltrib/money/58190193-79/prices-percent-inflation-costs.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58190193-79/prices-percent-inflation-costs.html.csp">Higher gasoline costs raise U.S. producer prices</a></h4> <span class="author vcard"><span class="fn">By JOSH BOAK</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-16T09:45:02.301-06:00">Updated Jul 16, 2014 09:45AM MDT</span></h5> <div class ="entry-content">Washington • Rising gasoline costs pushed up the prices U.S. companies receive for their goods and services in June, but overall inflation remains tame. The Labor Department said Wednesday that the producer price index, which measures the cost of goods and services before they reach the consumer, rose 0.4 percent last month. The increase follows a 0.2 percent decrease in May. Gas costs rose 6.4 percent in June. Steel prices shot up 3 percent. But prices fell for grains, cheese and rental cars to...</div> <h5><a rel="item-license" href="#license-581901932014-07-16T09:45:02.301-06:00" id="#license-2014-07-16T09:45:02.301-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58190193@www.sltrib.com Wed, 16 Jul 2014 09:45:02 MDT Incentives target 500 jobs in Weber County http://www.sltrib.com/sltrib/politics/58170918-90/bakery-consumer-county-csm.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/politics/58170918-90/bakery-consumer-county-csm.html.csp">Incentives target 500 jobs in Weber County</a></h4> <span class="author vcard"><span class="fn">By Mike Gorrell</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-07-11T10:56:36.916-06:00">Updated Jul 11, 2014 10:56AM MDT</span></h5> <div class ="entry-content">State officials are offering incentive packages to two companies that, if accepted, could add 500 jobs to Weber County’s workforce. The Governor’s Office of Economic Development board approved post-performance tax credits Thursday for: • CSM Bakery Products, which makes cakes, cookies and other sweets for grocers, bakeries and food-service operators. If CSM expands an existing facility in the northern Weber County city of Pleasant View, it expects to add 100 jobs in six years. • Consumer United,...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58170918@www.sltrib.com Fri, 11 Jul 2014 10:56:36 MDT U.S. consumer borrowing rises slower in May http://www.sltrib.com/sltrib/money/58161836-79/debt-borrowing-consumer-credit.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58161836-79/debt-borrowing-consumer-credit.html.csp">U.S. consumer borrowing rises slower in May</a></h4> <span class="author vcard"><span class="fn">By JOSH BOAK</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-08T13:57:02.01-06:00">Updated Jul 8, 2014 01:57PM MDT</span></h5> <div class ="entry-content">Washington • Consumers increased their borrowing at a slower pace in May compared to the prior month. Overall credit rose by $19.6 billion in May, down from a gain of $26.1 billion in April, the Federal Reserve said Tuesday. The relatively modest increase should help to feed slow but steady economic growth, because consumers rely on debt to pay tuition, buy cars and shop. Total outstanding consumer debt is now approaching $3.2 trillion. Auto and student loans drove much of the gains in May. They...</div> <h5><a rel="item-license" href="#license-581618362014-07-08T13:57:02.01-06:00" id="#license-2014-07-08T13:57:02.01-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58161836@www.sltrib.com Tue, 08 Jul 2014 13:57:02 MDT World stocks struggle after mixed economic reports http://www.sltrib.com/sltrib/money/58123089-79/percent-stocks-0.1-chinese.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58123089-79/percent-stocks-0.1-chinese.csp">World stocks struggle after mixed economic reports</a></h4> <span class="author vcard"><span class="fn">By KELVIN CHAN</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-06-27T09:31:01.848-06:00">Updated Jun 27, 2014 09:31AM MDT</span></h5> <div class ="entry-content">Hong Kong • World stock struggled on Friday after reports showed growth was weak in U.S. consumer spending and Chinese industrial profits, casting doubts on how strongly the world’s two biggest economies can rebound. After Asian indexes closed lower, European stocks failed to make much headway. France’s CAC 40 was flat at 4,441.54 while Germany’s DAX edged up 0.1 percent to 9,818.61. The FTSE 100 index of leading British companies rose 0.2 percent to 6,748.47. U.S. stocks were poised to open low...</div> <h5><a rel="item-license" href="#license-581230892014-06-27T09:31:01.848-06:00" id="#license-2014-06-27T09:31:01.848-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58123089@www.sltrib.com Fri, 27 Jun 2014 09:31:01 MDT Steady job growth boosts U.S. consumer confidence http://www.sltrib.com/sltrib/money/58123078-79/confidence-consumer-economy-growth.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58123078-79/confidence-consumer-economy-growth.html.csp">Steady job growth boosts U.S. consumer confidence</a></h4> <span class="author vcard"><span class="fn">By CHRISTOPHER S. RUGABER</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-06-27T09:27:02.486-06:00">Updated Jun 27, 2014 09:27AM MDT</span></h5> <div class ="entry-content">Washington • Strong job growth lifted U.S. consumer confidence this month, as Americans looked past the economy’s dismal first quarter performance. The University of Michigan says that its index of consumer sentiment rose slightly to 82.5 in June from 81.9 in May. That is still below April’s reading of 84.1, which had been the highest in almost a year. The reading suggests consumers shrugged off the economy’s first quarter contraction. Still, the survey was conducted before the government said t...</div> <h5><a rel="item-license" href="#license-581230782014-06-27T09:27:02.486-06:00" id="#license-2014-06-27T09:27:02.486-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58123078@www.sltrib.com Fri, 27 Jun 2014 09:27:02 MDT