Wall Street Roundup: Good economic numbers. Lying about Lehman?

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Good economic numbers. Consumer spending rose 3.6% in the first quarter of 2010, more than expected, leading to a 3.2% increase in quarterly economic growth, the Commerce Department announced.

Goldman probe. Goldman Sachs is now facing a federal criminal probe in addition to the government’s civil lawsuit, the Wall Street Journal reported. Standard & Poor’s and Bank of America both downgraded Goldman’s stock after the announcement.

Lying about Lehman? A former top lawyer at Lehman Bros. says the company’s former chief executive, Richard Fuld, lied in understating how much he had been compensated by the firm, BusinessWeek reports.

-- Nathaniel Popper in New York