U.S. GDP unrevised at 2.2 percent in fourth quarter; corporate profits fall

WASHINGTON, March 27 - U.S. economic growth cooled in the fourth quarter as previously estimated, with businesses throttling back on inventory and equipment investment but robust consumer spending limiting the slowdown in the pace of activity.

Recent Top News

New York buildings collapse in possible gas blast, 19 hurt

NEW YORK - Four apartment buildings in New York's East Village neighborhood caught fire from an apparent gas explosion on Thursday and three collapsed, causing 19 injuries, authorities said. | Video

2:59am EDT

Oil falls more than $1 as Middle East supply fears ease

LONDON - Oil prices fell more than $1 a barrel on Friday as worries receded over the threat of disruptions to Middle East supplies due to Saudi Arabia-led air strikes in Yemen.

Saudi Arabia, Yemen 8:42am EDT

EU agency may advise airlines adopt two person cockpit norm: source

PARIS - The European Union's air safety regulator may advise airlines to ensure that two crew members are in the cockpit of passenger planes at all times, in the wake of a suspected suicide crash of a Germanwings airliner, a source familiar with the matter said on Friday.

5:58am EDT

South Korea demands release of two men accused by North Korea of espionage

SEOUL - South Korea demanded the immediate release on Friday of two of its citizens being held in North Korea on accusations spying. | Video

Amazon in talks to buy online luxury retailer Net-a-Porter: Forbes

- is in talks to buy online luxury retailer Net-a-porter in what could be the biggest acquisition yet for the e-commerce giant, but the negotiations are in early stages and could fall apart, Forbes reported, citing a person familiar with the matter.

Tech, Deals 6:44am EDT

Syria's Assad calls chlorine allegations 'malicious propaganda': CBS

WASHINGTON - President Bashar al-Assad of Syria dismissed as "malicious propaganda" allegations that his troops used chlorine gas in the fight against insurgent rebels, according to an interview broadcast on Friday on CBS "This Morning."