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The bottom line

March sees large gain in consumer spending; Bank closures in 2010: 64; Eyjafjallajökull wrecks havoc on business; Apple racks up sales; Employment in 2010: growth in 13 of 393 major U.S. cities

March sees large gain in consumer spending
Consumer spending increased 0.6 percent in March, the largest gain in five months, the Commerce Department reported. Increased purchases at retailers as diverse as Macy’s and Starbucks were fueled by a 0.3 percent gain in personal income in March.
Bloomberg.com

Bank closures in 2010: 64
The FDIC closed seven banks in recent days, including three in Puerto Rico, bringing the total number of U.S. bank closures this year to 64. The FDIC closed 140 banks in 2009 and just 25 in 2008.
Zacks Equity Research

Eyjafjallajökull wrecks havoc on business
The April eruption of Iceland’s Eyjafjallajökull volcano, which snarled air travel over Europe for more than a week, stranded more than 310,000 business travelers and forced the cancellation of about 5,600 business meetings.
Los Angeles Times

Apple racks up sales
Apple sold more than 1 million iPad tablet computers in the first 28 days after its April 3 launch. It took 74 days from the launch of the iPhone for Apple to sell its millionth unit.
Associated Press

Employment in 2010: growth in 13 of 393 major U.S. cities

Employment increased in only 13 of 393 major U.S. metropolitan areas in 2010. Jacksonville, N.C., led the way, buoyed by a 3.3 percent increase in public-sector hiring.
Forbes

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