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Business News at 6:15 p.m.
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â¿¿ Adds: NCAA ATHLETES-EA LAWSUIT
â¿¿ Updates: ECONOMY-GDP
WASHINGTON â¿¿ A key government report and a statement from the Federal Reserve make clear that the U.S. economy still needs help. The economy grew at a lackluster 1.7 percent annual rate in the April-June quarter. That was better than a revised 1.1 percent rate for the first quarter but still far too sluggish to quickly reduce unemployment. The Fed's statement suggests it's too early to signal a pullback in its $85 billion a month in Treasury and mortgage bond purchases. By Economics Writer Christopher S. Rugaber.
â¿¿ ECONOMY-GDP-REVISIONS â¿¿ Revised U.S. data paint better picture of economy last year; broader trends little changed.
WASHINGTON â¿¿ The Federal Reserve stops short of signaling any timetable for slowing its bond buying. Instead, it dropped hints that it might need to maintain its $85 billion a month in bond purchases, which have helped keep long-term borrowing rates ultra-low. By Economics Writers Martin Crutsinger.
â¿¿ FEDERAL RESERVE-GLANCE â¿¿ Federal Reserve policymaking group has power over economy through control of interest rates.
BOARDING THE PLANE
Window, middle, aisle. Rear to front. Getting people onto a plane quickly matters more than you might think. Passengers want to board early to find space in the overhead bins for their rolling carry-on bags. For airlines, every minute that a plane sits at the gate makes it more likely that the flight will be late, hurting the carrier's on-time rating and causing passengers to miss connecting flights. But the perfect boarding process remains elusive. Even an astrophysicist couldn't figure it out. By Airlines Writer David Koenig.