Economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.
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Japan's Panasonic Corp (6752.T) said it would buy out subsidiaries Sanyo Electric (6764.T) and Panasonic Electric Works (6991.T) for up to $9.4 billion in cash and shares to accelerate its push into greener businesses.
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New orders for long-lasting U.S. manufactured goods unexpectedly fell for a second straight month in June, posting their largest decline since August, further evidence economic growth cooled in the second quarter.
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rican consumers lost confidence in July, shaken by mounting concern over jobs and wages that threatens to constrain the economic recovery.
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Sales of U.S. new homes rose in June more than forecast following an unprecedented collapse the prior month, a signal the worst of the slump triggered by the end of a government tax credit is over.
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Stocks jumped on Thursday after major economically sensitive companies, including UPS and 3M, reported strong revenues, easing investor concerns about future growth.
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President Barack Obama today signs into law the biggest overhaul of the U.S. financial-regulatory system since the Great Depression, calling it “the strongest consumer financial protections in history.”
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Goldman Sachs Group Inc (GS.N) said quarterly earnings tumbled 82 percent, coming in well short of expectations, as trading and underwriting revenue slumped, raising questions about how well Wall Street's preeminent bank can navigate a shifting industry landscape.
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International Business Machines Corp., the world’s biggest computer-services company, reported sales that missed analysts’ estimates as demand for services slowed and the falling euro weighed on revenue.
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Carlyle Group agreed to acquire NBTY Inc., the maker of Nature’s Bounty, MET-Rx and Solgar nutritional supplements, for $3.8 billion in the biggest leveraged buyout this year.
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