Economic news raises hopes for global recovery

Retail sales are helping economy grow consistently
Economic growth is picking up in the final three months of the year, fueled by higher consumer spending, rising business stockpiles and modest increases in hiring.

Positive Economic News Sends Indexes Higher
Stocks surged Thursday on Wall Street after positive reports on the U.S. jobs market and Chinese exports.

Asia markets muted as data, GM fate dim recovery
Asian markets were mixed Thursday as sliding retail sales in Japan and the looming bankruptcy of auto giant General Motors undercut optimism about a global recovery.

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