The Economy

How is the economy doing? Who's benefiting form the "Boom". The Reuters Business Headlines tell the story this morning.

• Economy Grows at Softest Pace in 2 years
  WASHINGTON (Reuters) - The U.S. economy grew at its softest pace in two years during the first quarter this year, slowing to a 3.1 percent annual rate of expansion as consumers and businesses curbed spending in the face of rising prices, the Commerce Department said on Thursday


• US Jobless Claims Rise to 320,000
  WASHINGTON (Reuters) - The ranks of Americans queuing up to claim jobless benefits for the first time grew by 21,000 last week as expected, government data showed on Thursday, while continued claims declined to the lowest level in four years.


• Exxon Mobile Profit Soars
  NEW YORK (Reuters) - Exxon Mobil Corp. (NYSE:XOM - news), the world's largest public oil company, on Thursday said quarterly profit jumped 44 percent on rising oil prices, but the results fell short of Wall Street expectations.