Business news for Fri, 21 Dec 2007 & with words recession+report. 2 news.

NEW YORK (Reuters) - The U.S. economy this month has fallen into a recession, which should last for the next four to five months, Bill Gross, chief investment officer of the world's largest bond fund manager, told the Financial Times.

Reuters - The U.S. economy this month has fallen into a recession, which should last for the next four to five months, Bill Gross, chief investment officer of the world's largest bond fund manager, told the Financial Times.