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Report: U.S. consumer confidence unexpectedly up
Washington, D.C. -- A Tuesday report by Bloomberg said that consumer confidence in the United States took an unexpected upward turn in July, from an eight-month low.
Results were led by a rebound in jobs’ outlook over the next six months.
The Conference Board’s index climbed to 59.5 from a revised 57.6 reading in June that was lower than previously estimated, according to Bloomberg research. Economists predicted the July gauge would fall to 56, according to the median forecast in a Bloomberg News survey. -
Lowe’s names Reeves senior VP
Mooresville, N.C. -- Lowe’s Cos. said Friday it has promoted M. Lee Reeves to senior VP, deputy general counsel and assistant secretary.
Reeves, who joined Lowe’s in 2004 as senior counsel, will lead the corporate transactions, intellectual property and information technology legal teams as a part of his new role.