Money & Markets

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China's central bank cuts rates again to boost economy
BEIJING (AP) -- China on Saturday cut interest rates for the second time in three months, adding to signs that Chinese leaders are worried that the economic slowdown is deepening too sharply....

Puerto Rico power company delays debt restructuring plan
SAN JUAN, Puerto Rico (AP) -- Puerto Rico's heavily indebted public power company is asking creditors for more time to present its restructuring plan....

5 reasons US economy is stronger than Q4 GDP suggests
WASHINGTON (AP) -- The U.S. economy grew at a modest annual rate of 2.2 percent in the fourth quarter, less than half the third quarter's torrid 5 percent rate and weaker than the government first reported....

J.C. Penney and Gap are big market movers
NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:...

Volkswagen profits up 20 percent for full year
FRANKFURT, Germany (AP) -- German automaker Volkswagen says net profit rose 20 percent last year to 10.8 billion euros ($12.1 billion), but offered a cautious outlook for this year....

US economic growth in Q4 revised down to 2.2 percent
WASHINGTON (AP) -- The U.S. economy slowed more sharply in the final three months of the year than initial estimates, reflecting weaker business stockpiling and a bigger trade deficit....

Lloyds to pay dividend for first time since being bailed out
LONDON (AP) -- London-based Lloyds Banking Group passed a milestone Friday in its recovery from the financial crisis, reporting an annual profit and announcing plans to pay a dividend for the first time since it was rescued by British taxpayers....

India sees growth over 8 percent, set for 'big bang' reforms
NEW DELHI (AP) -- A government report says India's economy will grow more than 8 percent in the upcoming financial year and appears to have shaken off its persistent problems of high inflation, rising budget deficits and poor domestic demand....

Japan data signal slow recovery despite lower energy costs
TOKYO (AP) -- Japanese factories churned out more machinery and electronic devices in January as export shipments rose, but lower energy costs due to cheaper crude oil failed to provide a boost to consumer spending....

Gap surpasses Street 4Q forecasts on rising Old Navy sales
SAN FRANCISCO (AP) -- Gap Inc. reported stronger-than-expected fourth-quarter results on Thursday as sales continued to improve for Old Navy, its largest brand....

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