The economy boomed at the end of 2009, growing at the fastest rate in more than six years. Now if only it could keep it up. The economy expanded at an annual rate of 5.7 percent in the fourth quarter, the second straight quarter of growth. But analysts warn…

Recession – Economic – United States – Economy – Social Sciences

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4th quarter’s fast economic pace likely to wane

TIMOTHY A. CLARY/AFP/GETTY IMAGESA shopper walks out of Bloomingdale’s in New York on Jan. 29, 2010. The US economy roared to life in the fourth quarter with a 5.7 percent growth rate, as brisk business spending to replenish inventories offset…

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Economy surges in fourth quarter

The Silicon Valley outfit will use the proceeds, and a low-cost federal loan, to build a next-generation electric sedan

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Tesla Plans $100 Million IPO

News Corp. has expressed interest in providing Metro-Goldwyn-Mayer Inc. with cash and assistance restructuring debt to keep the studio independent, according to a person with knowledge of the situation.

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News Corp. Said to Offer Cash, Debt Help to Keep MGM Running

Stocks ended a disappointing January with a loss as investors questioned whether the economy will be able to sustain a big fourth-quarter growth rate. Downbeat earnings at technology companies also pulled stocks down. The Dow Jones industrials fell 53 points…

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January ends with market cold snap

NEW YORK (Reuters) – The second of two U.S. Securities and Exchange Commission lawsuits against Bank of America Corp over the Merrill Lynch & Co takeover may be ready for trial as soon as this summer, with a trial on the first lawsuit set to begin on March 1.

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Second SEC/BofA case on track for summer trial

Bruce R. Berkowitz, named this month as U.S. stock mutual-fund manager of the decade, scaled back on former top holding Pfizer Inc. and increased his stake in Berkshire Hathaway Inc. at the $11.2 billion Fairholme Fund.

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Berkowitz’s Fairholme Slashes Pfizer Stake, Rebuilds Berkshire

Iran was the destination of 40 tons of weapons from North Korea that were seized in Bangkok on Dec. 12, according to a confidential report to the United Nations Security Council by Thailand’s government.

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Iran Was Destination of N. Korean Arms, Thailand Says (Update1)

Republican National Committee Chairman Michael Steele said his party is poised to build momentum following its win of a U.S. Senate seat in Massachusetts earlier this month.

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Steele Vows Republicans Will Compete in All 50 States This Fall

LOS ANGELES (Reuters) – Lenders for Hollywood studio Metro-Goldwyn-Mayer agreed to extend a debt forbearance to March 31, which gives the studio more time to find a buyer.

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MGM studio wins debt leeway as auction progresses

The near darkness behind the bulletproof doors of a windowless Secaucus, New Jersey, warehouse is humming with tens of thousands of computers as U.S. exchanges open on a December Friday.

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Goldman Sachs Tops JPMorgan as World’s Best Broker (Update1)

Senate Republican Leader Mitch McConnell endorsed a deficit-cutting commission that would focus only on reducing spending, including on Medicare and Social Security, and take any tax increases off the table.

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McConnell Backs Panel to Focus on Spending Cuts, Not Tax Boosts

Toyota’s big recall problem just keeps getting worse by the day. The latest blow to the company, which stopped the sale of eight models that it said are “involved in the recall for sticking accelerator pedal,” is that Consumer Reports has suspended its recommendation of the models involved. Over …

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Toyota recall just keeps getting uglier

Soon CEO Akio Toyoda will have to step up, tell customers the company has things under control, and it won’t happen again, says David Welch

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Toyota’s Recall Keeps Getting Uglier

Chris McGrath/Getty ImagesSo far, the Obama administration’s $75 billion plan to hedge against residential foreclosures has aided about 28,000 New Jerseyans. As of last month, only 2,027 struggling state borrowers have received permanent modifications. In a move to increase the…

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Treasury Dept. expedites loan modifications