Sluggish stock market...Oil on the way back up... GAO: Tax cheats come clean

Saturday - 4/27/2013, 2:20pm EDT

NEW YORK (AP) -- The U.S. economy is growing, but slower than economists' forecast. That, and the fact that tepid corporate earnings are failing to excite investors, caused the stock market to stall yesterday. The economy grew at a 2.5 percent annual rate in the first quarter. That's below the forecast 3.1 percent. The Dow edged up 12 points on Friday, but the S&P 500 and the Nasdaq fell.

NEW YORK (AP) -- Oil is up more than 5 percent this week, even with a decline on Friday. Traders concluded last week's dive to a low for the year was overdone. The price of oil slipped Friday after a report showing that growth picked up in the U.S. economy last quarter, but not as much as expected. Benchmark oil for June delivery fell 64 cents to $93 a barrel in New York.

WASHINGTON (AP) -- The Government Accountability Office says more than 39,000 tax cheats have come clean under a series of programs offering reduced penalties and no jail time to people who voluntarily disclose assets they were hiding overseas. The GAO says the Internal Revenue Service has recouped more than $5.5 billion.

WASHINGTON (AP) -- Online deals service LivingSocial says its website has been hacked, and the personal data of more than 50 million customers may have been affected. All customers are being advised to change their passwords. LivingSocial says names, addresses, dates of birth and passwords may have been exposed. But it says credit-card information wasn't affected.

DETROIT (AP) -- Honda is recalling nearly 46,000 Fit Sport small cars in the U.S. and Canada to fix a problem with the electronic stability control system. The recall affects cars from the 2012 and 2013 model years. Honda says the stability control system can let the car tilt too far before it applies the brakes to prevent a crash. Honda says it doesn't know of any crashes or injuries from the problem.


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