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Consumer spending accounts for about 70% of US GDP. Official figures showed that consumers spent less in the second quarter than in the first, with personal consumption expenditure up 1.8%, compared with 2.3% previously.
"It's just another piece of bad news," a Milan-based tradersaid.($1 = 0.7448 euros) (Reporting by Agnieszka Flak and Elisa Anzolin in Milan andThomas Grove and Steve Gutterman in Moscow; Writing by AgnieszkaFlak)
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"Today we sign a contract for an important investment project with the participation of the private sector, which will contribute towards filling the need of the country for oil products," said Prime Minister Nouri al-Maliki at the signing ceremony.
Problems containing contaminated water at Fukushima have mounted over the past month, and the government of Prime Minister Shinzo Abe has promised about $470 million to fund the first part of a plan developed by Tokyo Electric to stop radiated water from spilling into the Pacific.
Lufthansa has two joint ventures, one covering the NorthAmerican route with United Airlines and Air Canada, and another on the Europe-Japan stretch with AllNippon Airways. It is in talks to enhance its collaboration withAir China.
The Browns were born on New Year's Eve, 1918. Their son said his parents met in high school and eloped in 1937 at age 18 because their parents thought the marriage between a wealthy man and a working-class woman would never last. Last September they celebrated their 75th anniversary.
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