AP - Restrained by a worse-than-expected slump in housing, the economy will grow at the slowest pace in five years in 2007, leading economic forecasters say. They predict consumers will get a break on inflation from falling energy prices.
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Reuters - Oil slid for a third day on Wednesday, but stayed within in a narrow range below $60 a barrel and lacked the impetus to break out in either direction.
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Reuters - A deal between Google Inc. and CBS Corp. (CBSa.N) that would let YouTube users watch clips from CBS shows such as “The Late Show with David Letterman,”has unraveled, the Wall Street Journal reported on Wednesday.
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Reuters - British Airways said on Wednesday it was choosing four Boeing 777 aircraft, with options for four more, ahead of Airbus A330s as it starts expanding its longhaul fleet.
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Reuters - U.S. stock futures were little changed on Wednesday before inflation data that could provide clues about the likely direction of U.S. interest rates.
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Reuters - Home Depot Inc. , the world’s largest home improvement retailer, posted a 28 percent drop in fourth-quarter profit on Tuesday as the weak U.S. housing market depressed sales.
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Reuters - Hewlett-Packard Co. said on Tuesday quarterly profit rose 26 percent, helped by strong performances in its printer and personal computing businesses.
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Reuters - The Bank of Japan raised its main interest rate on Wednesday by a quarter percentage point to 0.50 percent, the highest in more than a decade, but the yen retreated as the central bank signaled caution on further increases.
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