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U.S. economic growth slows, spending rises

U.S. economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.


Economy grows in May

Growth in Canada\'s economy edged up 0.1 percent in May after stalling unexpectedly in April, helped by strength in the goods-producing sectors led by oil and gas extraction, while the service sector faltered for a second straight month.


Merck profit falls 52%, cuts forecast

Merck and Co. issued a more cautious 2010 profit outlook on Friday and reported disappointing second-quarter sales of its vaccines and Singulair asthma drug, sending its shares down more than 3 percent.


Chevron profit triples to $5.4B

Chevron Corp., the second-largest U.S. oil company, reported a three-fold jump in quarterly profit to $5.4 billion US, beating expectations as refinery margins fattened.


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