0.23%XLF 25.99 0.04%QQQQ 48.21 0.39%
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WASHINGTON (AP) - The economy nearly sputtered out in the final quarter of last year. It is probably faring even worse now as the housing, credit and financial crises take their toll on people and businesses alike.
The Commerce Department, in a new report Thursday, says the economy grew at a feeble 0.6 percent annual rate in the October-to-December quarter. The reading unchanged from a previous estimate a month ago provided stark evidence of just how much the economy has weakened. In the prior quarter, the economy clocked in at a sizzling 4.9 percent growth rate.
Cisco Systems Inc., the world's biggest maker of networking equipment, said its data-center chief, Jayshree Ullal will leave the company.
Merrill Lynch & Co's head of structured finance and investments Michael Blum is leaving the company as the brokerage scales back its sec...
An analyst predicted a "smooth succession" for newly named Alcoa Chief Executive Klaus Kleinfeld, saying he expects him to make few radical chang...
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