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New data shows Eurozone sinking deeper into recession

The 17-nation eurozone sank further into recession in the last three months of 2012 as the debt crisis continued to exact a heavy price, official data showed Wednesday. The eurozone economy shrank 0.6 percent in the fourth quarter of 2012 compared with the third quarter when it contracted 0.1 percent,…

US growth revised upward to 3.1% for end 2010

WASHINGTON — The US economy grew much faster than first thought in the final months of 2010, according to the Commerce Department, which revised the figure upward to 3.1 percent on Friday. In its final estimate for the fourth quarter of 2010, US economic growth was stronger than the 2.8…