UNITED STATES

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Economic growth slows, inflation surges

Economic growth braked sharply in the first quarter as higher food and gasoline prices dampened consumer spending and sent inflation rising at its fastest pace in 2-1/2 years.

Google: renewable energy is long-term effort

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Google Inc has not given up on its goal of making renewable energy cheaper than coal for consumers but it is not predicting victory soon, its director of green business operations said.

Oil turns lower after rise on weak dollar

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Crude oil prices turned lower on Thursday in volatile trade after rising more than $1 a barrel, as lift from a weak dollar gave way to worries about the oil demand outlook.
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First-quarter growth slows, inflation surges

Economic growth slowed more than expected in the first quarter as higher food and gasoline prices dampened consumer spending, and sent a broad measure of inflation rising at its fastest pace in 2-1/2 years.
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Bristol-Myers profit beats expectations

Bristol-Myers Squibb Co's first-quarter results beat expectations, bolstered by the weaker dollar and demand for its drugs to treat cancer, rheumatoid arthritis and hepatitis B.
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Wall Street to dip as economic growth slows

Wall Street was set for a lower open on Thursday after a report showed the U.S. economy grew less than expected in the first quarter and a number of companies pointed to rising costs.
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Wall Street under pressure after slower GDP growth

Wall Street edged lower on Thursday after data showed the U.S. economy grew less than expected in the first quarter and a number of companies pointed to rising costs, but the Nasdaq remained close to its 10-year high reached in the previous session.
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Oil pares gains on slowing U.S. economy

U.S. cryde prices pared gains on Thursday as weaker-than-expected economic growth in the world's top economy partly offset a sliding dollar and signs of lower North Sea supplies.
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Higher costs hit soap, diaper makers

Makers of soap, diapers and other household products are spending much more for fuel and raw materials than expected, which means more price increases are on the way for consumers.
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Sprint revenue beats estimates

Sprint Nextel's first-quarter revenue was higher than expected as customers spent more on data services, sending its shares up about 4 percent in trading before the market opened.
Traders work on the floor of the New York Stock Exchange

US stocks open lower after GDP, Jobless Claims

U.S. stocks declined in early trade on Thursday after government reports showed that US economic activity slowed significantly in the first quarter and applications for jobless benefits unexpectedly increased.
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Exxon's profit soars 69 percent, tops Street

Exxon Mobil Corp's quarterly profit rose a better-than-expected 69 percent as the world's largest publicly traded oil company benefited from higher crude prices and improved earnings in its chemical and refining businesses.
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Exxon's qtrly profit soars 69 percent, tops Street

Exxon Mobil Corp's quarterly profit rose a better-than-expected 69 percent as the world's largest publicly traded oil company benefited from higher crude prices and improved earnings in its chemical and refining businesses.
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Higher costs hit consumer products makers

Procter & Gamble Co lowered the high end of its profit forecast for the year on Thursday, as it does what it can to trim expenses and raises some prices to offset rising costs for materials.
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Chrysler to repay U.S., Canada loans by June 30

Chrysler Group LLC, which came to the brink of collapse before a federal bailout in 2009, plans to fully repay more than $7 billion in loans from the U.S. and Canadian governments by the end of June.
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Index futures lower ahead of GDP data

U.S. stock index futures edged lower on Thursday, a day after the Nasdaq rose to a 10-year high and investors looked ahead to first-quarter growth data amid concerns the U.S. economy may be starting to slow.

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