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Weak U.S. data deluge points to sharply slower growth

WASHINGTON: U.S. retail sales fell in December as unseasonably warm weather undercut purchases of winter apparel and cheaper gasoline weighed on receipts at service stations, the latest indication that economic growth braked sharply in the fourth quarter.

Army to take security of sensitive points of Karachi

KARACHI:  The government has decided to deploy army on sensitive installations and locations in Karachi in view of looming terror threat in the wake of military operation in North Waziristan Agency, ARY News reported Monday. The government, however, has not disclosed names of all places owing to security reasons. “Deployment of army on specified locations will start this evening in Karachi,” informed sources. Sindh government had requested the army to deploy its personnel on sensitive places and installations of the city…