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Stocks rise modestly as economic growth slowsNews that economic growth slowed during the spring gave the stock market a fitting end to a choppy July -- yet another back-and-forth day. {loadposition in-article} The Dow Jones industrial average, down almost 120 points in the first minutes of trading, recovered and seesawed throughout the se... Read more |
Chinese Hedge Fund Manager a Successor to Buffett?Warren E. Buffett has no immediate plans to retire, yet the 80 year old investor is believed to be grooming several possible successors at Berkshire Hathaway, The Wall Street Journal reported. {loadposition in-article} Li Lu, a Chinese hedge-fund manager who was once a student leader of the Ti... Read more |
Imports slow second-quarter growthEconomic growth slowed in the second quarter as a capital investment drive by businesses saw imports increasing at their fastest pace since the first quarter of 1984, a government report showed on Friday. {loadposition in-article} Gross domestic product expanded at a 2.4 percent annual rate, th... Read more |
Recession was deeper than gov't previously thoughtThe recession was deeper than the government previously thought. {loadposition in-article} The Commerce Department, in revisions issued Friday, estimates the economy shrank 2.6 percent last year -- the steepest drop since 1946. That's worse than the 2.4 percent decline originally estimated. Th... Read more |
Financial News
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