USA - Consumer Spending Rises 0.8%, More Than Expected

Uploaded by FinancialNewsOnline on Mar 30, 2012

The Commerce Department reported today consumer spending rose 0.8%, the largest gain in seven months. This is more than expected with the average consensus estimate around an increase of 0.6%

This brings hope that the biggest part of the economy is strengthening. However, another part of the report showed incomes advanced only 0.2%, less than the forecasted 0.4% increase by analysts.

But, factoring in all of the data, investors are still optimistic. Ten minutes after the opening bell, all major indices were up slightly, all over a quarter of a percent higher.

China - Analysts Say Foxconn (where Apple products are made) Workers Have Little Voice

Published on Mar 30, 2012 by AssociatedPress

Workers who assemble iPhones and iPads often put in more than 60 hours per week _and sometimes work for a week straight_ in violation of Chinese law, according to an audit of the Chinese factories where Apple products are made. (March 29)

USA - Raw Video: NYC Bridge Accident, Water Search

Published on Mar 30, 2012 by AssociatedPress

Emergency units are searching the waters beneath the Throgs Neck Bridge in the Bronx following a construction accident. The fire department says a person called the EMS dispatcher about a person in the water. (March 30)

Spain - Winemaker Looking to Exports

Published on Mar 30, 2012 by AssociatedPress

A prominent Spanish winemaker wrestling with the pressures of operating in a country in economic trouble is looking to get a boost from abroad. (March 30)