Midday Report 07.05.2012

Midday Report 07.05.2012: Jane King summarizes today's top business news -- including a slowdown in services industries in June, fewer Americans filing jobless claims than forecast and retailers missing sales expectations for June.

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U.S. GDP Growth Misses Fourth-Quarter Forecast at 2.6%
02:35 - Jan. 30 -- The U.S. economy expanded at a slower than expected pace in the fourth quarter as GDP grew by 2.6 percent while personal consumption topped expectations at 4.3 percent. Bloomberg’s Scarlet Fu reports on “In The Loop.”
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