Economy in U.S. Eked Out Gain; Jobless Claims Fall

Feb. 28 (Bloomberg) -- The economy in the U.S. managed to barely expand in the fourth quarter. Gross domestic product grew at a 0.1 percent annual rate, up from a previously estimated 0.1 percent drop, revised figures from the Commerce Department showed today in Washington. Jobless claims decreased by 22,000 to 344,000 in the week ended Feb. 23, the Labor Department reported today. Betty Liu and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg)
Statoil and BP Release Reports amid Oil Declines
47:46 - Oil extended declines in a bear market amid signs producers from the Middle East to the U.S. will continue adding supplies to a global glut. Oil exports from southern Iraq rose to a record this month, while a Bloomberg survey forecasts U.S. crude stockpiles expanded for a second week through July 24. Brent in London closed Monday more than 20 percent lower than its peak reached in May, meeting the common definition of a bear market.
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