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Consumer confidence jumps
New York -- Confidence among consumers hit a five-year high in November, boding well for retailers as they head into the holiday season.
The index of consumer sentiment from Thomson Reuters/University of Michigan rose to 84.9 in November from 82.6, topping economists' expectations for a reading of 83.
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NRF asks judge to reject proposed swipe fee settlement
Washington -- Lawyers representing the National Retail Federation and many of the nation’s most prominent retail companies are set to appear in court today to ask a federal judge to reject a proposed class-action settlement of an antitrust lawsuit over the $30 billion a year in credit card swipe fees charged by Visa and MasterCard.