DOWN

Fourth-quarter growth revised down unexpectedly

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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.
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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.
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Fuel

Libyan oil output down by as much as a quarter

As much as a quarter of OPEC member Libya's oil output has been shut down, Reuters calculations showed on Wednesday, as unrest prompted oil firms to warn of production cuts in Africa's third-largest producer.
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IMF sees Nigeria 2011 growth of 7pct, inflation down

Nigeria's economy is expected to grow around 7 percent this year, down from 8.5 percent in 2010, with growth moderating gradually in subsequent years, the International Monetary Fund (IMF) said on Thursday.
TSA new body scanner software

Misusers of TSA body-scan images to be punished

Any person or authority found misusing scanned body images, produced during Transportation Safety Administration’s routine security checks on all US major airports, will be punished with up to a year in prison and a fine up to $100,000.
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Sirius XM's revenue outlook falls short, shares down

Sirius XM Radio Inc, home to programs by Howard Stern and NFL football, reported a net loss for the fourth quarter and forecast weaker-than-expected revenue for next year, sending its shares down 5.5 percent.
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Gates plays down Afghan troop figures in budget

Defense Secretary Robert Gates played down the accuracy of troop figures outlined in a budget request unveiled on Monday, saying the pace of the upcoming drawdown in Afghanistan was still unclear.
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Raided hedge fund Level Global to shut down

Level Global Investors, one of four hedge funds raided by U.S. authorities last November in a broad investigation into insider trading, told investors on Friday it would shut down, citing the pressure of the probe and investor redemptions.
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Warsh, lone hawk on Fed board, to step down

Kevin Warsh, the Federal Reserve's youngest-ever governor and a vocal inflation hawk skeptical of recent monetary easing efforts, said on Thursday he is stepping down from the central bank's powerful board.
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Nissan Q3 down 15 percent, ups forecast to match consensus

Nissan Motor Co's <7201.T> quarterly profit fell 15 percent on a stronger yen and sliding Japanese sales, but the decline was the slimmest among local automakers as a slew of new models helped Nissan beat the sector's growth in key markets.
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ID theft down 28 percent in U.S. in 2010: Survey

The number of victims of identity theft dropped by more than a quarter in the U.S. last year, the largest annual fall on record, but individual victims lost more money on average than ever before.
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Egypt pound ends down 1.3 down pct, c.bank supports

The Egyptian pound fell on Sunday when trade resumed after a week-long suspension due to political unrest, but the drop was less sharp than many traders had feared as the central bank appeared to support the currency.

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