WASHINGTON - U.S. economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006.
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MOSCOW - Russia's central bank unexpectedly cut its main interest rate on Friday as fears of recession mount in the country following the fall in global oil prices and Western sanctions over the Ukraine crisis.
AMMAN/TOKYO - Japan and Jordan scrambled on Friday to find out what had happened to two of their nationals being held by Islamic State, after a deadline passed for the release of a would-be suicide bomber being held on death row in Amman. | Video
- MasterCard Inc , the world's No. 2 debit and credit card company, reported a better-than-expected profit for the holiday shopping quarter as customers swiped their cards more often.
- Xerox Corp , which has been shifting its focus to IT services from making printers and copiers, cut its profit forecast for 2015 for the second time after reporting its sixth-consecutive drop in quarterly revenue.
BAGHDAD - Islamic State militants struck at Kurdish forces southwest of the Iraqi city of Kirkuk on Friday, while bombs in Baghdad and Samarra killed at least 21 people.
- An elderly man and woman found dead outside their homes in separate coastal Massachusetts communities were likely victims of a massive blizzard that hit New England earlier this week, police said on Thursday.
SHIKARPUR, Pakistan - At least 49 people were killed in a powerful explosion at a crowded Shi'ite mosque in Pakistan during Friday prayers, the latest sectarian attack to hit the South Asian nation.