China growth seen slower in 2012, recovery mild: World Bank

BEIJING (Reuters) - The World Bank cut its forecast for China's 2012 economic growth to 8.2 percent on Thursday and said a rebound might not begin before the third quarter of the year as slack foreign demand and a government-induced real estate slowdown restrain a recovery. "There is the potential for growth to be bumping along the bottom for longer," Ardo Hansson, the World Bank's lead economist for China, told a news conference to release the multilateral lender's quarterly update on China. ...

Fed's Dudley: Too soon to say economy out of danger

SYRACUSE, New York (Reuters) - The disappointing performance of the U.S. labor market in March shows it is too early to conclude the economy is out of the woods, despite months of encouraging economic data, New York Federal Reserve Bank president William Dudley said on Thursday. The Fed is gathering more data to determine whether last month's non-farm payrolls report, which showed the economy added way fewer jobs than expected, was just a weather-related setback or a sign the recovery is losing momentum again, Dudley said. An influential voting member of the U.S. ...

Police say no crime occurred in Houston's death

Police have closed their investigation into Whitney Houston's death without finding any evidence to suggest it was anything than an accidental drowning, investigators announced Wednesday.

911 call from hotel where Houston died is released

Authorities have released the 911 call hotel security made to paramedics after Whitney Houston's lifeless body was found in a hotel room two months ago.