US growth steady in quarter
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The nation&#39;s economy grew at a moderately strong pace in the three months ending Sept. 30, driven by solid gains in consumer spending, the Commerce Department reported Friday.
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U.S. stock futures were little changed  on Friday, pointing to a flat market open, after third-quarter  gross domestic product data showed the U.S. economy grew at a  slower-than-expected pace.
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The company earned $1.07 billion in the fourth quarter, helped by steady but moderate growth in its core operations.
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The economy grew at a 0.7 percent  annual pace in the first three months of this year, the weakest  in more than four years as businesses sold off inventories but  consumer spending remained strong, a Commerce Department report  on Thursday showed.
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The US economy grew at a 4% annual pace in the third quarter of 2004, a little faster than earlier estimated, the latest government figures show today.
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US small business optimism dipped slightly last month but remained near record levels, suggesting a strong outlook for growth, a survey released on Tuesday showed.
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The government GDP report for the July-to-September quarter was unchanged from an estimate a month ago. The economy is expected to limp through the final months of the year.
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U.S. economic growth will remain steady in the next year as inflation moderates, the U.S. Chamber of Commerce forecast on Thursday, brushing aside concerns that the downturn in housing could spark a full-blown recession.
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The U.S. economy will grow at a moderate clip in 2007 as consumer spending growth slows and business spending moderates during the second half, a key economic forecast released on Tuesday showed.
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The economy grew at a 0.7 percent annual pace in the first three months of this year, the weakest in more than four years but slightly better than previously estimated, data showed  on Thursday.
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Economic growth picked up slightly in the second quarter of 2007, official data showed Friday, but analysts forecast slower expansion later this year owing to recent interest rate hikes.
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The Federal Reserve&#39;s staff predicted in August that the US economy would grow at a &quot;solid&quot; pace through next year, in part because interest rates would remain relatively low during that time.
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The US economy grew at an annual rate of 3.3% in the spring, the government reported Wednesday in the final revision to second-quarter gross domestic product.
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The US economy weakened in the first quarter with a sluggish 0.6 percent growth pace, data showed Thursday, but many analysts said they see signs of a rebound ahead.
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Stocks were nearly unchanged on Friday  after third-quarter gross domestic product data showed the U.S.  economy grew at a slower-than-expected pace, but another report  showed Midwestern business activity expanding in October.
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Treasury secretary says the U.S. economy is transitioning to a period of moderate, stable growth.
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Blue-chip stocks were flat on Friday  after third-quarter gross domestic product data showed the U.S.  economy grew at a slower-than-expected pace, but another report  showed a rise in Midwest business in October.