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JAN 30, 2013 - San Francisco Chronicle

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Futures slide on meager growth figures

Futures slide on meager growth figures NEW YORK (AP) — Stock futures slid Wednesday after the government revealed that economic growth in the U.S. shrank in the final quarter of 2012, the first time that has happened in more than three years. The increase in hiring occurred after Congress and the Obama administration reached an agreement on Jan. 1 to avoid sharp tax increases and across-the-board government spending cuts. The outlook assumes "no significant financial impact" from the grounding of the 787, the company's most advanced aircraft that has suffered a series of mishaps. U.S. ... Read More

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