Consumer, business spending point to slower growth

WASHINGTON (Reuters) - U.S. consumer spending was tepid in November and a gauge of business investment plans fell for a second straight month, pointing to some loss of momentum in the economy. But other data on Friday added to signs that a tentative recovery in the housing market was under way, which should help to support growth. Consumer spending ticked up 0.1 percent last month, the Commerce Department said on Friday, after rising by the same margin in October. Economists had expected spending, which accounts for two-thirds of U.S. economic activity, to rise 0.3 percent. ...