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Strong manufacturing profits portend more M&A activity
By now you have probably heard the disconcerting news about the negative economic growth in the first quarter of this year. But in case you have not, here is a recap: according to the latest data released by the Bureau of Economic Analysis, total GDP in the U.S. declined by 2.9 percent in the first quarter of 2014. A moderate gain in consumer spending during the first three months of this year was not enough to make up for sharp declines in business inventories and net exports.
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