Consumer Confidence Rebounds in April

The swift outcome of the Iraqi conflict helped offset consumers’ short-term concerns about the economy, causing the Consumer Confidence Index to rise in April. The Index, released last week by The Conference Board in New York, is at 81, up from 61.4 in March.

Maxxcom Net Income Dives in Q1

Maxxcom, hit by continuing sluggishness in the economy and a weaker U.S. dollar, said last week that net income slid 89 percent to $60,000, or zero cents per share, in the first quarter, from $564,479 in the same period last year. The Toronto-based holding company reported a 1 percent decline in first-quarter revenue to $43.8 million, from $44 million in first-quarter 2002.