WASHINGTON (Reuters) - Not only was the US recession in 2001 the shallowest on record, it may not have been one at all -- at least in the classic sense of two straight quarterly declines, new government data show.
NYSE Seat Prices Fall Anew to New Low - The New York Stock Exchange said onFriday a regular seat sold for $1.45 million, down $10,000 fromthe prior sale on Tuesday, and the third time in a row theprice of a sold seat has declined. The sale price was thelowest in seven months.
Dollar Slips After Surprise in U.S. GDP - The dollar slipped against the euro on Friday, after a report showing first-quarter U.S. economicgrowth was revised downward to a lower-than-expected level.
'01 Recession Downsized - The 2001 US economic recession was milder and the recovery since then not as strong as previously believed, the Commerce Department said yesterday.
Update 1: Officials Look at Yukos' 2001 Tax Payments - Russian authorities are taking a second look at Yukos' 2001 tax payments, a senior Russian tax official said Tuesday in remarks that suggested the nation's biggest oil company could face a bigger bill than initially announced.
GE restates earnings back to 2001 - General Electric Co. on Fridaysaid it was restating earnings from 2001 through the firstquarter of 2005 after an internal audit found that itsaccounting for certain currency and interest rate derivatives did not comply with accounting standards.