General Business News - Consumer spending, income top expectations (Reuters) Reuters - U.S. consumer
Consumer spending, income top expectations (Reuters)
Reuters - U.S. consumer spending and income rose more than expected in March, while an influential measure of inflation — the core price index — topped economists' expectations, the government reported on Monday.
Comverse founder, top execs resign amid options probe (Reuters)
Reuters - The founder and top management at software maker Comverse Technology Inc. resigned on Monday amid a probe into stock-option practices, the latest executives to be felled by greater scrutiny over the timing of options grants.
Stocks rise on factory data, Wal-Mart sales (Reuters)
Reuters - U.S. stocks rose on Monday, boosted by a robust April sales estimate from Wal-Mart Stores Inc. and a report showing stronger-than-expected manufacturing activity.