The economy grew less than expected from April to June, the government said on Thursday, and it shrank in the final months of 2007, dimming the outlook for a quick recovery.
Exxon Mobil reaped $11.68 billion in second-quarter profits, the most ever by an American company, and Royal Dutch Shell also reported a strong quarter.
AP - The country didn't get the energetic rebound in economic growth hoped for from the government's tax rebates in the second quarter, and the economy jolted into reverse at the end of 2007, raising new recession fears.
AP - Exxon Mobil Corp. reported second-quarter earnings of $11.68 billion Thursday, the biggest profit from operations ever by any U.S. corporation, but the results were well short of Wall Street expectations and its shares slumped 3 percent.
AP - President Bush hailed a new "degree of durability" in security gains in Iraq Thursday, saying it should permit him to announce further U.S. troop reductions later this year.
The blows rained down on Luis Ramirez with such force that the religious medal he wore left a bruised impression of Jesus Christ on his chest. The 25-year-old Mexican immigrant's fatal beating, the slurs that were allegedly hurled, and the arrests of four teens also are leaving a mark on Shenandoah, a declining northeastern Pennsylvania coal town.
Gedun Gyatso, a 27-year-old Tibetan Buddhist monk, is so devoted to the Dalai Lama that when he was in prison he placed a picture of him next to his pillow in open defiance of his jailers. The gesture earned Gyatso another month of incarceration on top of the three years he had already served for his political activity.