UK economic growth revised up to 0.3%

The UK economy grew by 0.3% in the final three months of last year, faster than previously estimated.

The revision was due to stronger growth in services and production.

The initial estimate released last month said the UK economy had grown by 0.1% in the last quarter of 2009, meaning it had emerged from recession.

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Bankruptcy for Paper Maker

TORONTO (AP) — The newsprint manufacturer White Birch Paper Company has filed for bankruptcy protection, citing declining demand for newspapers and the strength of the Canadian dollar.

The company’s United States unit, the Bear Island Paper Company, filed a Chapter 11 petition in Richmond, Va., on Wednesday. It listed assets of $100 million to $500 million and debt of $500 million to $1 billion in the court documents.

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In Greece’s Crisis, Fed Studies Wall St.’s Activities

Greece’s problems deepened on both sides of the Atlantic as the Federal Reserve disclosed it was investigating Goldman Sachs and other banks that helped the country mask its debts, and investors grew increasingly leery of lending any more money to a nation flirting with default.

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