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BEYOND TAMPA BAY

THE U.S. ECONOMY SHRANK 0.7 percent in the second quarter, recovering significantly after gross domestic product plunged 6.4 percent in the first quarter, the worst slide in almost three decades. The new reading on the April-through-June GDP, reported by the Commerce Department on Wednesday, was better than the annualized 1.1 percent drop economists were predicting. Many analysts predict the economy started growing again at a pace of about 3 percent in the third quarter, which ended Wednesday. "Growth should be solidly positive," said Mark Vitner, an economist at Wells Fargo Securities.

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GENERAL MOTORS said Wednesday it will shut down its Saturn brand after an agreement with Penske Automotive Group to acquire it fell apart. Penske, citing concerns of whether it could continue to supply vehicles after a manufacturing contract with GM ran out, ended talks Wednesday with GM to acquire the brand.

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AN ANNUAL SURVEY RELEASED Wednesday by Bankrate.com found the average ATM fee for noncustomers rose 12.6 percent this year to $2.22. You'll likely get dinged by your own bank, too. The average fee banks charge customers for using another bank's ATM is $1.32. That fee, however, dropped from $1.46 in 2008, as some banks reduced or waived it.

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"I think this recovery is going to be a slow one."

WAL-MART CHAIRMAN ROBSON WALTON, as the world's largest retailer said Wednesday it will offer more than 100 toys at $10 during the key holiday season.

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AMOUNT SIRIUS XM RADIO is adding to subscribers' monthly bills, approved by the FCC, to help pay performance royalty fees of singers, musicians and recording companies.

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THE BOTTOM LINE: Commercial lender CIT Group's shares fall 45 percent as it reportedly is on the brink of bankruptcy again ... Oil prices climb 5 percent after a U.S. report said the nation's gasoline supply dropped unexpectedly ...Chevron vice chairman John S. Watson to succeed David J. O'Reilly as chairman and CEO

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