IBT Staff Reporter

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Fourth-quarter growth revised down unexpectedly

The economy grew more slowly in the fourth quarter than initially estimated as government spending shrank more sharply and consumer spending was less robust, a government report showed on Friday.

U.S. seeks more data on Protalix drug; shares sink

Health regulators want more data on Protalix Biotherapeutics Inc and Pfizer Inc's experimental drug for Gaucher disease before deciding whether to approve the therapy for patients with the rare genetic disorder.

Gold near $1,400/oz, supported by Mideast unrest

Gold held near $1,400 an ounce in Europe on Friday, supported by interest in the metal as a haven from risk as violence flared in Libya, but struggled to maintain traction as some investors cashed in this week's hefty gains.

Libya Jamming Satellite Phone Signals

Reports are emerging that the Libyan government may be jamming satellite signals, in an effort to block incoming news channels and communications from the outside world.

Irish woes, margin take shine off Lloyds profit

British bank Lloyds took a 4 billion-pound ($6.5 billion) hit from bad debts in Ireland and margins will not improve this year, taking the shine off a return to profit for the part-nationalized lender.

Fourth-quarter growth revised down

The economy grew slower than initially estimated in the fourth quarter as government spending contracted more sharply and consumer spending was less robust, a government report showed on Friday.

Compromise Elusive as Wisconsin Lawmakers Push Ahead on Controversial Bill

The Wisconsin Senate still can't do business due to missing members but the other half of the state's legislature, the Assembly, on Friday passed a bill that will partially take away collective bargaining power for state employees, part of a broader bill with various measures which Gov. Scott Walker says are meant to repair the state's budget.

Japan seeks to cut rare earth usage by a third

Japan aims to cut rare earth consumption by a third within a few years and reduce its reliance on China, by providing subsidies for recycling and investing in new ways to limit their use.

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