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BUSINESS
August 7, 2012 | By Tiffany Hsu
Jay Gatsby would have been astounded by today's beer market, especially the spectacular growth in craft brews. Beer from small and independent makers is performing far better than more mainstream labels in the U.S. Through the first half of 2012, dollar sales for craft brews are up 14% compared with the same period a year prior; volume sales have risen 12%, according to the Brewers Assn. trade group. That equates to 6 million barrels, which puts craft breweries on track to bust past the 11.5-million barrels sold last year and the 10.1 million sold the year before.
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BUSINESS
March 27, 2014 | By Jim Puzzanghera
WASHINGTON - The economy expanded at a slightly faster pace at the end of last year than previously estimated, but the rate remained tepid, the Commerce Department said Thursday. The nation's total economic output, or gross domestic product, increased at a 2.6% annual rate in the fourth quarter of 2013. That was up from an earlier estimate of 2.4%, with the improvement coming from higher consumer spending. Still, the upwardly revised growth rate - the government's final revision of the data - was much lower than the initial estimate of 3.2% and indicated that the recovery's momentum slowed as the year ended.
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NEWS
September 16, 1988 | Associated Press
Business inventories in July rose at the slowest rate in 11 months, the government said today, suggesting to analysts that underlying economic growth remains strong despite a pause in business sales. The Commerce Department said inventories rose 0.3% to a seasonally adjusted $733.7 billion. It was the 19th consecutive gain, but the smallest since a 0.2% increase in August, 1987.
BUSINESS
March 26, 2014 | By Stuart Pfeifer
The economy may have dug itself out of the worst recession in a generation, but gamblers apparently are still reluctant to put their money at risk in U.S. Indian casinos. Gambling revenue at tribal casinos slowed in 2012, growing at a slower pace than non-tribal casinos for the first time in nearly 20 years, according to a report released Wednesday. Indian casino revenue grew 2% to $28.1 billion, half the pre-recession growth of 4% in 2007, according to Casino City's Indian Gaming Industry Report.
BUSINESS
September 20, 1991 | From Reuters
Japan's economy showed further signs of a slowdown in the second quarter, although its growth rate was still considered relatively healthy. But many economists say the economy is in danger of sliding into a recession unless it is provided with sufficient stimulus through lower interest rates. Growth in gross national product, the broadest gauge of economic health, slowed to an inflation-adjusted 0.5% in the quarter that ended June 30, compared to 2.
NEWS
March 11, 1988 | Associated Press
Chinese universities will sharply cut the rate of growth in enrollment to cope with problems of overcrowding and inadequate facilities, the newspaper China Daily said Thursday. College enrollment increases will be held to between 2% and 5% annually from this year through 1990, compared to a growth rate of 17% in the 1981-85 period, the newspaper said.
BUSINESS
October 23, 2002 | Joseph Menn
Hewlett-Packard Co. Chief Executive Carly Fiorina said her company is planning for low single-digit growth in information technology spending in 2003, but she predicted that a slowed industry growth rate will become permanent. "There has been a substantial decline in strategic growth rates," Fiorina told a meeting of analysts. "This is not a cyclical change -- this is a structural change." She said HP's combination with Compaq Computer Corp.
CALIFORNIA | LOCAL
October 20, 1998 | JOSE CARDENAS
After seeing the lowest population growth rate of the decade last year, city officials said Monday that more people now seem to be making this desert community their home. In 1997, Lancaster's population growth was 1.8%, according to the city's Department of Community Development. This year, its population growth through the end of May is 3.2%. The upward swing is a welcome sign for city officials who pitch Lancaster as a family-friendly town.
BUSINESS
January 31, 2004 | Peter G. Gosselin, Times Staff Writer
The U.S. economy grew at a weaker-than-expected 4% annual clip during the final three months of 2003, the government reported Friday, renewing concerns that business caution may slow the recovery and delay a snapback in hiring. Growth of the gross domestic product, a measure of all goods and services produced in the United States, was impressive by historical standards.
NEWS
May 27, 1988 | OSWALD JOHNSTON, Times Staff Writer
Boosted by a growing boom in manufacturing exports, the nation's economy grew at a surging annual rate of 3.9% during the first three months of the year, the Commerce Department said Thursday. The level was far above the 2.3% growth rate for the quarter estimated a month ago and also surpassed the expectations of financial markets.
BUSINESS
December 5, 2013 | By Chris O'Brien
SAN FRANCISCO - Apple may be inching closer to a deal with China Mobile, that nation's largest carrier, to sell the iPhone. But whether it's absolutely final or not remains unclear. Late Wednesday, the Wall Street Journal said a source had indicated that a deal would be announced Dec. 18 at a China Mobile conference. But Thursday, a Reuters article disputed that, saying talks were ongoing. "We are still negotiating with Apple, but for now we have nothing new to announce," China Mobile spokeswoman Rainie Lei told Reuters.
WORLD
October 1, 2013 | By Tracy Wilkinson
MEXICO CITY -- Storms and insecurity are further eroding once-optimistic predictions for Mexico's economic growth, analysts say. At the start of the year, Mexico's new government under President Enrique Peña Nieto boasted of a robust economy that would grow at a rate of more than 3.5%, better than many countries in the region. Those boasts earned positive headlines for Mexico beyond its borders, as officials here portrayed a country ready to leap into prosperity. Now, however, even government economists have had to dial down the projections.
BUSINESS
August 29, 2013 | By Don Lee
WASHINGTON -- The American economy grew at a considerably faster pace in the second quarter than previously thought, as revisions showed stronger U.S. trade activity and business investments in nonresidential structures. The Commerce Department said Thursday that the nation's gross domestic product, or total economic output, expanded at an annual rate of 2.5% in the April-to-June period. That was up from GDP growth of 1.1% in the first quarter of the year and 0.1% in last year's fourth quarter.
BUSINESS
August 12, 2013 | By Ricardo Lopez
Japan's economic growth slowed in the second quarter, spurring debate over whether the country should raise its sales tax in order to more quickly pay down its public debt.  The country's gross domestic product grew at an annualized 2.6%, coming in at a lower rate than many analysts' expectation of 3.8%.  The previous quarter's GDP growth rate was also revised downward from 4.1% to 3.8%, the Japanese government said Monday. Top celebrity overseas commercials   Japan's economy, which has had record deflation for much of the past two decades, has seen aggressive actions by Prime Minister Shinzo Abe to turn around the world's third-largest economy.
BUSINESS
July 31, 2013 | By Jim Puzzanghera
WASHINGTON -- Economic growth unexpectedly picked up in the second quarter of the year, expanding at a still-sluggish 1.7% annual rate, the Commerce Department said Wednesday. The figure was a significant improvement over the 1.1% growth rate in the first quarter, which was revised down Wednesday from an earlier 1.8% estimate. Analysts had expected economic growth to have slowed down in the second quarter, with economists surveyed by Bloomberg News projecting just 1% growth. Although the initial read on the pace of economic expansion from April through June far exceeded those estimates, it remained weak in the face of tax increases and federal spending cuts that kicked in this year.
BUSINESS
June 27, 2013 | By Ricardo Lopez
A new national survey ranked California Gov. Jerry Brown at No. 10 among U.S. governors for private-sector job creation since he took office in 2011.  In its ranking, On Numbers, a blog from the American City Business Journals, noted that under Brown's leadership , the state has added 622,000 private sector jobs for an annual growth rate of 2.3%. The rankings are based on seasonally adjusted data from the U.S. Bureau of Labor Statistics. Economists have noted that a governor's job creation record is sometimes the consequence of factors outside their control.
NEWS
February 26, 1989 | DARYL KELLEY, Times Staff Writer
The population of the Westside, birthplace of Los Angeles' slow-growth movement, has increased by about 79,000 since 1980, a pace considerably slower than the rest of the county, according to a new study. Though boosted by a flurry of apartment construction, especially in Westwood and Hollywood, the Westside's population increased just 8.2%, to 1.05 million, in the eight years ending in January, 1988, county analysts say. By comparison, the countywide population increased by 930,091, or 12.
BUSINESS
February 19, 1988 | GREG JOHNSON
San Diego County's growth rate is expected to slow during 1988, but the county will remain one of the nation's fastest-growing metropolitan areas, according to a report issued by First Interstate Bank. The county's population will grow at an annual rate of 2.2% through the year 2000, more than twice the growth rate projected for California and the nation as a whole, the report said. However, growth curbs will direct much of that growth to southern parts of the county.
BUSINESS
May 30, 2013 | By Jim Puzzanghera
WASHINGTON -- The U.S. economy expanded at a slightly slower pace in the first three months of the year than originally estimated, as steeper government spending cutbacks and reduced private investment dragged on growth. The Commerce Department on Thursday reported that the nation's total economic output -- also known as gross domestic product -- grew at a 2.4% annual rate. The initial estimate last month was a 2.5% annual growth rate in the first quarter. The figure gets revised twice as government economists get more data.
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