Published November 25, 2014 8:31am EST | Updated January 8, 2015 2:57pm EST

Growth In Corporate Profits Slows Sharply In Third Quarter

Growth in adjusted corporate profits slowed sharply in the third quarter, new government figures show. Adjusted pretax profits increased by $43.8 billion, or a 2.1% annual rate. That's down from $164.1 billion, or an 8.4% increase, in the second quarter, the Commerce Department said Tuesday. Profit figures are adjusted for depreciation and the value of inventories.