Revision Lifts Pace of Growth
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The economy grew more quickly in the second quarter than initially estimated and inflation was slightly lower.
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U.S. business productivity grew at   an upwardly revised 1.6 percent annual rate in the second   quarter, the government said on Wednesday in a report that   showed worker compensation rising much more swiftly than   earlier estimates.
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The Commerce Department Wednesday said its final report, or third reading, on gross domestic product showed the economy expanded at a revised annualized rate of 4.0%.
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U.S. business inventories grew by more than expected in July and the previous month was revised higher, government data showed on Wednesday, delivering the strongest two-month performance in nearly five years.
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It was the fastest pace of growth since records began for reunited Germany in 1991, according to official figures yesterday.
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Economic growth slowed a bit in the final stretch of 2004, expanding at a still respectable 3.1 percent pace. For all of last year, though, the economy clocked in at its fastest clip since 1999, a compelling sign that the recovery is more deeply rooted.
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New Zealand has revised its growth forecasts upwards as reports out showed the economy was withstanding the current downturn better than expected.
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The economy revved up its engine in the third quarter and advanced at an annual rate of 4 percent_ even faster than previously thought.
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Robust business investment helped push U.S. second-quarter growth ahead at an upwardly revised 4 percent annual rate, the government reported on Thursday, the fastest pace since early last year but one that is unlikely to be sustained.
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The retailer posts impressive comps growth and has updated its guidance.
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The Palmisano era is gaining speed with renewed emphasis on growth, and the culture at IBM is changing, Brian Bergstein reports from New York.
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The company delivered the kind of growth that was expected for its second quarter.
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The economy -- helped out by more brisk consumer and business spending -- grew at an annual rate of 3.9 percent in the third quarter, a performance that was stronger than previously thought.
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After some key changes, the company may be poised for growth.
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The U.S. economy grew at a revised  5.6 percent annual rate in the first quarter as the fastest  pace of growth in 2-1/2 years generated robust corporate  profits, the Commerce Department said on Thursday.
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The watchmaker is growing efficiently through acquisition and expansion.
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Sorting the real growth stories from the flashes in the pan.