Fourth Quarter | featured news

The economy grew more quickly than previously estimated in the fourth quarter as businesses maintained fairly solid spending and restocked shelves to meet rising demand.

The economy grew slower than initially estimated in the fourth quarter as government investment contracted more sharply and consumer spending was less robust, a government report showed on Friday.

The online travel website has seen better quarters, with higher taxes, increased spending on technology and content, and a push and pull between airlines and global distribution systems that took a toll in the last quarter of 2010. The stock was down more than 18% Friday at $21.06.

An optimistic Chrysler narrowed its net loss significantly in the fourth quarter and forecast a net profit for 2011 as it continued a comeback from bankruptcy protection.

Boeing Co on Wednesday said its quarterly profit slipped after the company made fewer commercial airplane deliveries than a year ago, and the company predicted a hit to earnings partly from delays to the 787 Dreamliner program.

Verizon Wireless increased subscribers to 94.1 million in the fourth quarter, up from 93.2 million in the third quarter, a small increase that shows how saturated the US wireless market has become even for the top ...

Bank of America reported Friday that it had a $1.2 billion loss in the fourth quarter of last year, including a previously announced charge of $2 billion reflecting a decline in the value of its home loans and insurance business.

Discount carrier posts 12.9% gain in fourth-quarter earnings. The discount carrier said net income totaled $131 million, or 18 cents per share, compared to $116 million, or16 cents per share, in the same quarter last year. Operating revenue rose 14.8%, to $3.1 billion.

China's gross domestic product in the fourth quarter grew 9.8% from a year earlier, faster than the third quarter's 9.6% rise, which may increase market expectations for further tightening on monetary policy.

New claims for jobless benefits dipped last week and consumer spending increased in November for a fifth straight month, reinforcing views of a solid economic growth pace in the fourth quarter.