5 sentenced in mortgage flipping case - 2007-02-01
Three people who pleaded guilty to federal wire fraud charges involved in a mortgage flipping scheme received probation, while two others who pleaded to the same charges were accorded jail time during sentencing hearings today in U.S. District Court in Hattiesburg.
Read the full story at Hattiesburg American

U.S. Economy: Spending Rises, Manufacturing Contracts - 2007-02-01
Consumer spending within the U.S. climbed in December by the most in five months, enabling the U.S. economy weather a slowdown in manufacturing that persisted into 2007. Purchases went up 0.7 percent after a 0.5 percent increase in November, the Commerce Department declared today in Washington.
Read the full story at Bloomberg