U.S. economy accelerates with 5 percent growth pace
The United States posted a 5 percent annual growth rate in the latest quarter fueled by hiring gains and cheaper gas with consumer and business spending lifting stocks to record highs. Government data also show strong November spend and income helping 2015 prospects.
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Keurig recalls 7 million Mini Plus brewers over spray injuries
Keurig recalls more than 7 million Mini Plus single serve brewers from 2009 to 2014 after about 200 reports of hot liquid spraying and 90 burn injuries. Repair kits are free. customers should avoid brewing two in succession and keep arm’s length until fixed. Model K10 with bottom numbers starting “31” are affected.
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Keurig
Dow clears 18000 as economy surges in third quarter
U S stocks push to new highs with the Dow rising 64.73 to 18024.17 and the S P 500 adding 3.63 to 2082.17 after the Commerce Department reports 5 percent annualized growth in Q3. Nasdaq declines as biotech shares slide while oil and energy equities rise. The year-to-date gains show the bull market extending into its sixth year amid strong U S consumption and investment.
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Dow Jones, S&P Hit All-Time Highs on Strong Growth Data
The Dow rose 64.73 points to 18024.17 and the S&P 500 gained 3.63 to 2082.17 as data showed U.S. GDP growth at a 5 percent annual rate in Q3. Nasdaq edged lower by 16 points to 4765.42 with weekly and yearly gains broad across indices.
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