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Fourth-quarter GDP revised up to 3.1 percent

Fourth-quarter GDP revised up to 3.1 percent

The economy grew more quickly than previously estimated in the fourth quarter as businesses maintained fairly solid spending and restocked shelves to meet rising demand.

 

Applications for unemployment aid drop slightly

Fewer people applied for unemployment benefits last week, adding to evidence that layoffs are slowing and employers may be stepping up hiring.

 

Deals help push the Dow back above 12,000

Stocks started the week with big gains Monday on a major telecommunications deal and signs that Japan's nuclear crisis was stabilizing. The Dow Jones industrial average closed above 12,000 for the first time since a nuclear power plant in Japan failed following a massive earthquake and tsunami....

 

U.S. Retail Sales Climb

U.S. retail sales climbed at the fastest rate in four months during February, increasing by 1.0% from the previous month to $387.12 billion.

 

Markets Rebound, Dow Up Nearly 200

Markets Rebound, Dow Up Nearly 200

Upbeat economic data, and slipping oil prices, sparked a broad rally Thursday, lifting the blue chips to their biggest percent gain since December. 

 

Retailers report solid gains in February

Retailers report solid gains in February

Retailers are reporting solid revenue gains for February, extending the strong spending momentum seen during the holiday season. Worries are growing, however, that rising gas prices...

 

Manufacturing grows at fastest pace in 7 years

Manufacturers likely increased production at a slightly faster pace in February than in January, when output rose at the quickest pace since May 2004.

 

GM sales jump 49%, aided by finance deals

GM sales jump 49%, aided by finance deals

General Motors on Tuesday reported that U.S. sales jumped 49 percent last month, aided by sweeter financing and lease deals that drew a response from other major automakers.

 

Largest rise in U.S. incomes in over year

U.S. consumer spending rose less than expected in January as households took advantage of the largest increase in incomes in more than 1-1/2 years.

 

GM posts 1st full-year profit since 2004

In an impressive comeback from bankruptcy, General Motors last year posted its first annual profit since 2004....

 

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