Starwatch consumer

Microsoft Office app for iPhone arrives

Updated: 2013-06-15T01:20:32Z

Office app for iPhone arrives

Microsoft Office users with iPhones, rejoice: Word, PowerPoint and Excel are now available on your smartphone. The Redmond, Wash., software giant released Office Mobile for the Apple smartphone Friday, bringing heavy Office users a way to edit their files on the go from their device. The application can be downloaded from Apple’s App Store and allows users to edit files that are saved in Microsoft’s SkyDrive cloud storage system.

California leads the way

California is the only U.S. state where the cost of auto insurance decreased over two decades through 2010, according to a consumer group that attributes the decline to a law that gave regulators more control over rates. Californians spent $746 on average in 2010, $2 less than in 1989, the year after voters gave more power to the state’s watchdog, the Consumer Federation of America said in a statement Friday. Americans spent $791 on average for auto insurance in 2010, up 43 percent from 1989.

Public confidence in banks increases

Americans are more confident in U.S. banks than they’ve been in five years as an improving economy helps lenders boost profit and repair their balance sheets, a new Gallup poll found. People who said they have “a great deal” or “quite a lot” of confidence in U.S. lenders climbed to 26 percent of respondents from a record low of 21 percent a year ago, according to a statement on Gallup’s website Friday. That’s still below the 41 percent recorded in 2007 before the credit crisis and 32 percent in 2008 as the financial system began to falter.

Consumer confidence slips

Consumer confidence in June eased from a six-year high as progress in the labor market supported Americans’ views of the economic outlook. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment declined to 82.7 in June from 84.5 the prior month, which was the highest since July 2007, a report showed Friday.

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