Friday, October 30, 2009

Recession over? GDP grows 3.5% - Business First of Columbus:

The U.S. economy grew more than expected in the third quarter, according to the government's initial report on gross domestic product.

The Commerce Department said the nation's gross domestic product grew at an annual rate of 3.5 percent last quarter, the first positive quarterly growth in a year, and the largest quarterly advance since the third quarter of 2007. GDP contracted by 0.7 percent in the second quarter...