Author: 123jump.com Staff
123jump.com
Last Update: 4:44 PM EST October 30 2006
Core rate of inflation of in Sept rose 0.2%, excluding food energy prices, down from 0.3% in August. Annual core inflation index PCE index measure for the year so far is running at 2.4%, higher than 2% target rate for the Central Bankers rate. Verizon reported Q3 revenue lower than expected on soft revenue in land-line business. Recent acquisitions and rise in wireless unit helped the total earnings.
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