FISCAL CLIFF>>The United States’ economy could shrink as much as 4 percentage points in the first half of 2013 if Congress fails to address the expiration of $600 billion worth of tax breaks and jobless benefits by the end of this year, according to Goldman Sachs.
NEW YORK (MarketWatch) -- Teen retailer Abercrombie & Fitch Co. shares slumped 13% after its first-quarter profit and sales missed analysts' estimates. Profit declined to $3 million, or 3 cents a share, from $25.1 million, or 28 cents a share. Sales rose 10% to $921.2...