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Slower sales growth

Published: 10/5/12 @ 12:00


Slower sales growth

NEW YORK

Americans may have slowed their spending in September after splurging during the start of the busy back-to-school shopping season in the month before. But most importantly, they were still spending.

September sales rose 3.9 percent — a slowdown from the 6-percent rise in August — as 22 retailers such as Macy’s and Costco reported mixed results, according to the International Council of Shopping Centers.

Private tuition rises

It’s what passes for good news on college costs these days: Private colleges and universities increased tuition 3.9 percent this fall, a rate well above overall inflation but the smallest increase in at least four decades, and substantially lower than prices have been rising at public universities.

The figures released Thursday by the National Association of Independent Colleges and Universities highlight some of the complexities within an overall trend of rising college costs.

The list price at private colleges remains substantially higher than at publics — $29,230 this fall compared with a bit over $8,000 last year at public institutions (neither figure includes room and board).

From wire reports