Corporate profits dip but GDP figure revised up in Q4

The United States economy grew more than previously expected in the
fourth quarter thanks to stronger than expected consumer spending.

Gross domestic product for Q4 has been revised up to an annualized
rate of 1.4% instead of the previously predicted 1%.

But it's still shy of the 2% figure posted in the third quarter as
corporate profits fell again.

William Denselow reports from New York.

IN: "Consumer spending rose.."
OUT: SOC
DUR: 40 seconds


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