BC-Business News Digest
Business News at 6:15 p.m.
The supervisor is Richard Jacobsen (800-845-8450, ext. 1680). For photos, ext. 1900. For graphics and interactives, ext. 7636. Expanded AP content can be obtained from http://www.apexchange.com .
For access to AP Exchange and other technical issues, contact email@example.com or call 877-836-9477.
If you have questions about transmission of financial market listings, please call 800-3AP-STOX.A selection of top photos can be found at: http://bit.ly/APTopPhotos. Eds: All times ET. â¿¿ Adds: NCAA ATHLETES-EA LAWSUIT â¿¿ Updates: ECONOMY-GDP TOP STORIES: 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. AP photo. With: â¿¿ ECONOMY-GDP-REVISIONS â¿¿ Revised U.S. data paint better picture of economy last year; broader trends little changed. FEDERAL RESERVE 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. AP photo. With: 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.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts