Tue, Aug 13, 2013 10:18 AM EDT 0:51
Markets were mixed on Wall Street after a report on United States retail sales rose at its fastest pace in seven months. The rise of United States consumer spending was a sign of quicker economic growth that could strengthen the case for the Federal Reserve winding down a major stimulus program. The US government reports the budget deficit is down 37.6 percent through the first 10 months of the budget year. Still, looming budget fights in Congress are complicating the picture. Samsung has stayed atop the Chinese smartphone market for six consecutive quarters, according to new data.