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Economic growth tepid as spending flat

The economy grew less than expected in the second quarter as consumer spending barely rose amid higher gasoline prices, and growth braked sharply in the prior quarter, a government report showed on Friday.

Chevron profit jumps on strong oil price

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Chevron Corp, the second-largest U.S. oil company, reported a 43 percent jump in quarterly profit on Friday, beating Wall Street forecasts as high oil prices and fat refinery margins offset a drop in its oil output.
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Weak growth raises worry, debt fight poses risk

The U.S. economy came perilously close to flat-lining in the first quarter and grew at a meager 1.3 percent annual rate in the April-June period, leading economists to warn of recession if a stand-off over U.S. debt does not end quickly.
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Wall Street opens 1 percent lower on debt concerns

U.S. stocks opened 1 percent lower and were on track to post their worst weekly losses in nearly a year on Friday after data showed meager growth in the economy while a setback in Washington over a debt deal kept investors nervous.
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Investors Seek Better Reward System for Performing Companies

Long-term investors are losing patience with companies that fail to maximize value as the slowing recovery whittles away returns, with some calling for greater financial rewards for loyalty or takeovers that put growth targets back on course.
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Weak growth raises concerns on economy

The U.S. economy came perilously close to flat-lining in the first quarter and grew at a meager 1.3 percent annual rate in the April-June period as consumer spending barely rose.
Al-Qaeda Commander Zawahiri

Al-Qaeda Almost Defeated? Not So Fast, Official Says

Predictions about al-Qaeda's imminent collapse threaten to lull the U.S. into a false sense of complacency about the continued threat the terror network represents, a recently retired top counter-terrorism aide said.
Time to explore post-prohibition model by decriminalizing drugs

Marijuana Ban is a Failed Model, Say Experts

Indiana state lawmakers, who are analyzing the implications of amending its drug laws to decriminalize marijuana, were told by a panel of experts that the prohibition of marijuana in U.S. is a failed model and Indiana stands a chance to benefit from decriminalizing marijuana.

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