Friday, October 14, 2011

Consumer Confidential: Sales up, Chris Tucker in trouble

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Here's your not-fade-away Friday roundup of consumer news from around the Web:

--Nothing like a little retail therapy to make the economic blues go away. Consumers stepped up their spending on a variety of retail goods in September, according to the Commerce Department. They spent more on autos, clothing and furniture last month to boost retail sales 1.1% -- the largest gain in seven months. Auto sales rose 3.6% to drive the overall September increase. Still, excluding that category, sales increased a solid 0.6%. The government also revised the August figures up to show a 0.3% increase after initially reporting no gain. Not a great showing, but not so bad either.

--You're not the only one feeling a pinch. Court records show comedian Chris Tucker is facing foreclosure on his multimillion-dollar mansion in central Florida. Records show SunTrust Banks filed papers against the California resident with Lake County courts earlier this week. According to documents, Tucker bought the 10,000-square-foot lakefront home for $6 million in 2007 -- before the housing market crashed. The bank claims he still owes more than $4.4 million, but the county property appraiser has the home currently assessed at $1.6 million. Tucker is best known for starring alongside Jackie Chan in three "Rush Hour" films.

-- David Lazarus

Photo: Court records say "Rush Hour" star Chris Tucker, right, with Jackie Chan, faces foreclosure on his Florida home. Credit: Glen Wilson / New Line Cinema

 

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