Reuters – U.S. retail sales rose unexpectedly last month despite heavy snow storms and a drop in vehicle purchases by consumers spooked by Toyota recalls, bolstering hopes of a sustainable economic recovery.

Related News

• July wholesale inventories jump 1.3 percent (Reuters)
• AP source: Obama to name Goolsbee to head council (AP)
• U.S. slips in WEF’s competitiveness rankings (Reuters)
• More stimulus needed for economy: Geithner (Reuters)
• Obama assails GOP, promotes new jobs program (AP)
• What might make the Fed flinch? (Reuters)
• Putting 5 cheapskate accessories to the test (AP)
• Official: Obama backing research tax credits (AP)
• Expiring tax cuts pose dilemma for US lawmakers (AFP)
• Obama says he’s committed to helping middle class (AP)