YOUR FRIENDS' ACTIVITY

    NEWS SUMMARY: US economy appears weaker

    By The Associated Press | Associated Press – Thu, May 31, 2012

    GROWTH SLOWS: U.S. economic growth slowed to an annual rate of 1.9 percent in the January-March quarter, weaker than an initial estimate of 2.2 percent.

    UNEMPLOYMENT BENEFITS: Weekly applications for unemployment aid rose by 10,000 to a seasonally adjusted 383,000, the highest level in five weeks.

    ECONOMIC OUTLOOK: Many economists believe the overall economy is growing between 2 percent and 2.5 percent in the current April-June quarter and will grow around 2.5 percent for the entire year, an improvement over last year's anemic 1.7 percent growth.

    Loading...

    More Business News

     

    News for You »

    • Muslim hard-liners ID suspect in London attack

      LONDON (AP) — A man seen with bloody hands wielding a butcher knife after the killing of a British soldier on the streets of London was described as a convert to Islam who took part in demonstrations with a banned radical group, two Muslim hard-liners said Thursday.

    • Dog Found Standing Guard Over a Tornado Victim Reunited With Her Owner

      There's a happy ending to the story of a dog, found alive in the rubble after a massive tornado devastated Moore, Oklahoma: she's been reunited with her owner.

    • 2 charged in slayings of 6 on Tenn.-Ala. border

      FAYETTEVILLE, Tenn. (AP) — Authorities say two men have been charged in six killings, including a toddler and unborn baby, near the Tennessee-Alabama border last fall during a dispute over drug dealing.

    • The Gruesome Details of London's Horrifying Machete Attack

      An attack in broad daylight in London on Wednesday is drawing a swift response — and a possible terror link — from the highest authorities. Reports suggest two men chased down another man with their car before getting out, attacking him with a machete, and dragging him through the city streets. 

    • Restaurant reopens after bad reality TV experience

      A Scottsdale, Ariz. restaurant reopened for business Tuesday night to good reviews after it temporarily shut its doors following an embarrassing reality TV experience. Wife and husband Amy and Samy Bouzaglo ...

    • Sadly, you are uglier than you think

      At least according to one new study

    • John McCain Is the Latest Senior Senator to Have Had Enough of Junior Ted Cruz

      For two days John McCain and Ted Cruz have been fighting on the Senate floor over the rules for negotiating a budget, but, like so many fights, it's also about so much more. Cruz is being annoying about the budget, but worse, he just doesn't get the Senate. 

    • London Terror Attack: Names, Family Tragedy and Deepening Mystery

      The whole world witnessed the aftermath of the suspected May 22 terror attack in London. Bystanders filmed and photographed the body of a man, lying in a suburban street, as his apparent killers, not fleeing but seeming to flaunt their work, remained at the scene. But despite this immediacy, the key, human details were missing. Investigators are still a long way from piecing together exactly what happened and why, but details are emerging about the suspects—and the victim. The man so brutally targeted was a soldier, 25-year-old Drummer Lee Rigby. ...

    Show More
    Loading...

    Follow Yahoo! News

    Brought to you byYahoo! Finance