Fed leaves interest rates unchanged
Washington: The Federal Reserve has left interest rates unchanged. The decision was announced hours after the government said the economy grew in the fourth quarter at the fastest pace since early 2006 while inflation eased.

Fed officials left their target for short-term interest rates, which influence the cost of borrowing for everything from mortgages to credit cards, at 5.25 pc, the highest in six years.

The Fed has raised interest rates 17 times from June 2004 to June 2006.
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Google records doubling of profits
Google Inc., net profit more than doubled in the fourth quarter on higher advertising revenues. Net income rose to $1.03 billion, or $3.29 a share, from $372.2 million, or $1.22, a year earlier, Google said in a statement. Sales rose 67 percent to $3.21 billion.
Google shares fell on higher sales expectations by investors.
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Dell appoints Michael Dell as CEO
Computer maker Dell announced that Kevin Rollins has resigned as chief executive officer, and company founder Michael Dell has again been appointed at the helm of the PC company.

Rollins has also stepped down from the board of directors. The company said that it now expects its fourth-quarter results to be below analyst expectations for both revenue and earnings per share.

Rollins' exit after a bad year for the company, during which it lost its lead in PC market share to Hewlett-Packard and an investigation by the SEC for possible accounting improprieties began. There have been several high profile exits in the company in recent months, including CFO Jim Schneider, who is leaving the company at the end of January.
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