-
The U.S. economy's growth slowed in the first three months of the year. Consumers spent more than expected, but companies invested less in new equipment even though profits were surprisingly strong. Economists say businesses need to grow more to drive the economy forward.
-
The most virulent computer virus in government history forces employees of the Economic Development Administration to resort to fax machines and snail mail.
-
The GDP grew at a 3 percent annual pace during the final three months of the year.
-
Capital goods fell 4.5 percent, the most in a year.
-
While better than December's flat number, a 0.4 percent rise in retail sales was less than economists expected.
-
The numbers are a bright spot but economists still expect a slow recovery.
-
The Commerce Department also said that consumer spending was flat, meaning Americans chose to save the extra money.
-
Because of slowed government spending and private inventory investment, the Commerce Department said the economy slowed in 2011, growing 1.7 percent.
-
The Commerce Department says American’s personal incomes rose in March. But much of that extra money went to pay for more costly gasoline.Personal incomes…