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U.S. consumer to spend less this holiday: survey

U.S. consumers are holding tight to their wallets and average household spending this holiday season is expected to drop seven percent from last year, a latest survey shows.

Headlines

Too early for a general exit, says IMF chief Kahn

It is too early for a general exit though the global economy has made remarkable progress, said IMF Managing Director Strauss-Kahn here on Monday.

Brown sets out plans for investment, export-led growth

British Prime Minister Gordon Brown on Monday set out plans for investment and export-led growth in Britain.

GM, Chrysler plans to go public may be effected by slow recovery

Slow recovery in 2010 could hamper cash flow and efforts by General Motors Co. and Chrysler Group LLC to rebound to the point that the companies can go public, according to a forecast released Monday by Fitch Ratings.