2 The 0.7% annualized drop was not as steep as expected, but the weakness was broad-based. Business investment fell by the fastest since 2009, and trade subtracted the most from GDP since 1985.
... * U.S. first-quarter GDP shrinks at 0.7 pct annual rate. * Month-end buying supports Treasuries. * 30-, 10-year yields hit more than 3-week lows (Updates prices, adds comments).
NEW YORK May 29 U.S. stocks fell on Friday as data showed the economy contracted in the first quarter, though major indexes still posted their best month since February.
NEW YORK (AP) - As the Internet has upended their business, cable companies have been racing to reinvent themselves as dominant broadband providers and distributors of online video.
NEW YORK U.S. regulators on Friday unveiled much delayed biofuel targets that sought a middle ground for the nation's contentious renewable fuels policy, but the plan triggered challenges and threats of legal action from two of the biggest industries, oil and ...