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WASHINGTON - The Federal Reserve on Wednesday sharply lowered its forecast for economic growth in 2008 and has said it was concerned the economy could face further setbacks even after a series of aggressive interest rate cuts.

WASHINGTON - The Federal Reserve on Wednesday sharply lowered its forecast for economic growth in 2008 and has said it was concerned the economy could face further setbacks even after a series of aggressive interest rate cuts.

WASHINGTON - The Federal Reserve on Wednesday sharply lowered its forecast for economic growth in 2008 and has said it was concerned the economy could face further setbacks even after a series of aggressive interest rate cuts.

NEW YORK - Factory activity in the United States
Mid-Atlantic ocean region is likely to have posted a third month of
contraction when February data is released on Thursday, adding
to suspicions that recession has taken hold nationally.

BOCA RATON, Florida - Brewers Anheuser-Busch Cos Inc and Miller Brewing Co has said on Wednesday that several United States state Attorneys General have demanded info on how they market and sell caffeinated alcoholic drinks.

WASHINGTON - A steady rise in United States consumer prices in January pointed to persistent inflation pressures despite fresh signs on Wednesday that the declining housing sector remains a drag on the economy.

Housing starts and constructing permits
continue to lag far behind the numbers recorded one year ago according to
monthly data issued on Wednesday by the United States Census Bureau and The
Department of Housing and Urban Development.

Builders, however, are seeing a few signs that their
prospects might soon improve….

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PHILADELPHIA - Bain Capital Partners has withdrawn its application for United States security approval of its $2.2 billion purchase of 3Com Corp with a Chinese investor — killing the deal in its current form, a source familiar with the situation has said on Wednesday.