Plunging corporate profits sound recession alarm bells

COMPANY RESULTS PLUNGED 11.5% IN FOURTH QUARTER FROM THE YEAR- AGO PERIOD

WASHINGTON
— Bloomberg
Business

On the face of it, the latest government update on how the US economy performed in the fourth quarter looked a bit more encouraging. Growth was revised to a 1.4 per cent annualised pace from a previously estimated 1 per cent, and the adjustment to...

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