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US Economy Grows at Fastest Pace Since 2003

(Jan. 29) -- The Commerce Department reported today that the U.S. economy grew at its fastest pace in six years at the end of 2009. Although consumer spending rose at a better-than-expected annualized rate of 2 percent, it was the replenishment of company stockpiles that proved the main factor, which can often point to...

How Job Shortage Is Holding Back Economy

(Nov. 24) -- We know what the economy did last summer, and it wasn't that great. Though Americans were producing more goods and services than during the recession, new numbers from the government show a slower pace of growth than previously thought and suggest the dour job market could block a quicker revival. The...

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05/16/12 Pound Drops Most in Month Versus Dollar as BOE Cuts... Source: Bloomberg.com The pound weakened the most in a month against the dollar after the Bank of England cut its growth forecasts and said the U.K. economy is likely to remain "subdued."