U.S. GDP Grows Just 1.3% / 1st Quarter Revised DOWNWARD to just 0.4%

From the Wall Street Journal Online:

"The Commerce Department Friday said gross domestic product rose at an annualized seasonally adjusted rate of 1.3% in April through June, while first-quarter growth was revised down sharply to a 0.4% rate from the earlier estimate of a 1.9% gain. A big reason behind the downward revision in first-quarter growth was that the inventory buildup by companies was less than initially estimated, while ..."

Link: http://online.wsj.com/