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EBay profit rises 22 pct, but cautious on economy 16 Apr 08, 20:09 ET Reuters - EBay Inc posted a 22 percent rise in quarterly net profit, topping Wall Street's average estimate, as pricing changes increased online auction listings and pushed revenue above all forecasts. more Thomson Reuters debuts amid global market jitters 16 Apr 08, 20:05 ET Reuters - Thomson Reuters Corp debuted on Thursday as a top global information company, hoping a portfolio of products from financial to legal and health-care will help it ride out a financial industry downturn. more Fed officials see recession in all but name 16 Apr 08, 19:43 ET Reuters - Two top Federal Reserve officials on Wednesday described the U.S. economy as extremely weak -- whether or not it is technically in recession -- but also said inflation was a concern. more Sallie Mae swings to $104 million loss in 1Q 16 Apr 08, 19:24 ET AP - Sallie Mae lost $104 million in the first quarter and fell short of Wall Street's expectations amid a severe disruption in the troubled student loan industry. more Wall St. jumps as corporate profits reassure 16 Apr 08, 18:25 ET Reuters - Stocks vaulted higher on Wednesday after Intel Corp, JPMorgan Chase & Co and other blue chips reported earnings that reassured investors worried that a weak economy would sap corporate profits. more Sallie Mae posts 1st-quarter net loss 16 Apr 08, 18:13 ET Reuters - Sallie Mae, the largest U.S. student loan company, posted a first-quarter net loss on Wednesday, hurt by losses on derivatives, and said it cannot continue lending at a profit in the current environment. more EBay profit rises 22 pct, CFO cautious on economy 16 Apr 08, 18:12 ET Reuters - EBay Inc posted a 22 percent rise in quarterly net profit, topping Wall Street's average estimate, as pricing changes increased online auction listings and pushed revenue above all forecasts. more AMR can compete whether it merges or not, CEO says 16 Apr 08, 16:41 ET Reuters - American Airlines doesn't need to take part in a big merger to stay competitive in an industry set to be transformed by consolidation, the chief executive its parent company said on Wednesday. more Zoho's Enterprise CRM Challenges Salesforce.com 16 Apr 08, 16:35 ET NewsFactor - Stories of broken relationships often end with bitterness and reprisals. Zoho, which offers a wide range of software-as-a-service applications, said it had been wooed by Salesforce.com, but rejected its advances. With that relationship dead, Zoho is now taking on the CRM giant mano a mano. more Six Apart and Facebook Create Web-Wide Blogging Tool 16 Apr 08, 16:35 ET NewsFactor - With so many blogging tools out there -- and so many bloggers trying to earn some bucks with advertising networks -- as well as dozens of social networks, it's getting increasingly difficult and time-consuming to manage so many different online presences. more IBM profit rises on services, software strength 16 Apr 08, 16:19 ET Reuters - International Business Machines Corp reported higher-than-expected quarterly earnings on Wednesday despite a weakening U.S. economy, helped by strong revenue from technology services and consulting, sending its shares higher. more EBay profit rises 22 pct, fueled by int'l sales 16 Apr 08, 16:16 ET Reuters - Online auctioneer eBay Inc posted a 22 percent rise in quarterly net profit, topping Wall Street's average estimate, as pricing changes drove auction listings and pushed revenue above all forecasts. more Economy slowing, prices rising: Fed Beige Book 16 Apr 08, 16:02 ET Reuters - Economic conditions are weakening across much of the United States at the same time that food, fuel and raw material prices are increasing, the Federal Reserve said on Wednesday. more Fed: economy weakened further in the spring 16 Apr 08, 15:42 ET AP - The country's economic health deteriorated further in the early spring as shoppers buckled under the strains of the housing and credit debacles and a weaker employment climate. more Fring Brings Mobile VoIP to Apple's iPhone 16 Apr 08, 15:21 ET NewsFactor - Israeli company Fring is bringing its Voice over Internet Protocol application to Apple's iPhone. Dubbed fring, the application lets users talk, chat and interact with other so-called fringsters -- and their online communities -- using the iPhone's Wi-Fi connection. more Hedge fund managers set new payout records in 2007 16 Apr 08, 14:49 ET Reuters - A handful of the world's top hedge fund managers took home 10-figure paychecks last year that set records for the highest-ever payouts on Wall Street. more Bank results soothe investors 16 Apr 08, 14:11 ET Reuters - JPMorgan Chase & Co and Wells Fargo & Co posted first-quarter results that soothed investors who had counted on the giant banks to handle the U.S. housing and credit crises better than many rivals. more Judge approves Ford Explorer settlement 16 Apr 08, 13:51 ET Reuters - A California judge has approved a class action settlement for 800,000 owners of Ford Motor Co Explorers that were alleged to have lost value after a tire recall prompted concerns of potential rollover crashes. more Lilly to cut up to 500 jobs 16 Apr 08, 13:29 ET Reuters - Drugmaker Eli Lilly and Co said on Wednesday it would cut up to 500 jobs as it streamlines manufacturing operations in its hometown of Indianapolis. more EU close to reaching energy deal with Iraq: Barroso 16 Apr 08, 13:09 ET AFP - The European Union and Iraq are close to signing an energy cooperation deal, EU Commission chief Jose Manuel Barroso said Wednesday, as Europe strives to reduce dependence on Russian oil and gas. more Hedge fund manager Paulson earns $3.7 billion 16 Apr 08, 13:09 ET Reuters - Bets on a U.S. housing crisis earned hedge fund manager John Paulson $3.7 billion in 2007, ahead of industry legend George Soros and 2006's highest-paid manager James Simons, according to Alpha Magazine. more Wall Street surges higher after upbeat earnings reports 16 Apr 08, 12:36 ET AP - Wall Street rallied Wednesday after better-than-expected quarterly results from JPMorgan Chase & Co. and two other Dow Jones industrials raised investors' hopes that companies and the economy are recovering from the protracted global credit crisis. The blue chip index rose 200 points. more Wells Fargo net tops views 16 Apr 08, 11:56 ET Reuters - Wells Fargo & Co on Wednesday posted a quarterly profit that easily topped forecasts, as it won more mortgage customers, boosted revenue and cut costs, helping to offset a big increase in bad loans. more Dow Jones begins publishing US version of WSJ in London 16 Apr 08, 11:51 ET AP - The Wall Street Journal began publishing its U.S. edition in London on Wednesday, making the newspaper available five hours ahead of the title in the United States. more L'Oreal shares plummet on economy jitters 16 Apr 08, 10:18 ET Reuters - Shares in the world's largest beauty group L'Oreal fell to a 21-month low on Wednesday after disappointing sales of skin creams and make-up provided the latest evidence of a sagging U.S. economy. more JPMorgan profit falls 50 percent 16 Apr 08, 10:07 ET Reuters - JPMorgan Chase & Co , the third-largest U.S. bank, said on Wednesday quarterly profit fell 50 percent, hurt by writedowns for leveraged loans and mortgages and because it set aside more money for loan losses. more LG Electronics swings to profit on record mobile phone sales 16 Apr 08, 10:04 ET AP - LG Electronics said Wednesday it turned a net profit in the first quarter after a loss the year before, boosted by record mobile phone sales, strong performance overseas and gains from its investment in flat panel maker LG Display. more United Airlines raises fuel surcharge $10 to $20 roundtrip 16 Apr 08, 09:58 ET AP - UAL Corp.'s United Airlines said Wednesday it raised its domestic fuel surcharge by $10 to $20 roundtrip, less than a week after the nation's second-largest carrier increased fares to offset rising fuel expenses. more Consumer prices muted as housing starts reach 17-year low 16 Apr 08, 09:58 ET Reuters - The number of U.S. housing projects started last month fell to the lowest in 17 years, while consumer prices moved up a bit less than expected, leaving the Federal Reserve some room to lower interest rates to ward off a housing-led slowdown. more Cheaper clothes keep inflation in check 16 Apr 08, 09:44 ET Reuters - Consumer prices rose 0.3 percent in March, slightly less than expected as cheaper clothing helped hold down overall prices despite a modest rebound in energy prices, a Labor Department report on Wednesday showed. more Do a Cloud Scan for Malware and Try for a Prize 16 Apr 08, 09:25 ET NewsFactor - Is your PC infected with malware? Panda Security says it is, and they're putting their money where their mouth is. Submit to their free online scan and be found totally malware-free, and your company could bring in a cool $7,500. Or, if you're a consumer and you clear the scan, you might win an iPod nano. more Home starts fall 11.9 pct in March 16 Apr 08, 08:54 ET Reuters - Home building projects started in March fell by 11.9 percent to a lower-than-expected annual rate while building permit activity, a sign of future construction plans, was off 5.8 percent, a government report on Wednesday said. more JPMorgan Chase's profit drops 50 pct in 1Q on reserves boost 16 Apr 08, 08:38 ET AP - JPMorgan Chase & Co.'s profit fell 50 percent in the first quarter after the bank took a provision of $5.1 billion to strengthen its reserves by $2.5 billion and account for $2.6 billion in losses in its loan portfolio. more Housing construction falls sharply in March 16 Apr 08, 08:37 ET AP - The construction of new homes plunged in March to the lowest level in 17 years, the Commerce Department reported Wednesday. more McCain's Gas-Tax Holiday 16 Apr 08, 08:08 ET BusinessWeek Online - For months now, political analysts and strategists have been arguing that John McCain needed a more developed economic program to match the extensive policy prescriptions he's outlined on Iraq and other national security issues. As the economy has increasingly moved front and center in the election, that difference has become even more glaring. Until recently, McCain's economic program consisted largely of a call to extend the Bush tax cuts. more Coca-Cola profit climbs 19 pct in 1st-qtr as sales soar 16 Apr 08, 08:03 ET AP - The Coca-Cola Co. said Wednesday acquisitions, growth in its key carbonated beverage brands and success overseas helped boost its first-quarter profit by 19 percent on a 21 percent increase in sales. The results beat Wall Street expectations, and its shares rose more than 2 percent in premarket trading. more Johnson Controls quarterly earnings rise 16 Apr 08, 07:56 ET Reuters - Diversified manufacturer Johnson Controls Inc said on Wednesday quarterly earnings rose 27 percent as income increased across its building controls, batteries and automotive parts businesses. more Food, energy expected to lead hike in inflation rate 16 Apr 08, 07:52 ET AP - The Labor Department's Consumer Price Index, due out this morning at 8:30 a.m. EDT, is expected to show that consumer prices resumed an upward climb in March due mainly to higher energy and food costs. Inflation at the wholesale level soared in March at nearly triple the rate that had been forecast as energy prices kept rising and food costs posted a much bigger jump than anticipated. more Organoderm Safe for Pregnant Mothers and Children 16 Apr 08, 07:00 ET PRWeb - Organoderm skin care products are USDA certified organic or Circle of Green certified or both, which makes these products safe for pregnant women and children. The USDA label confirms that no synthetic preservatives are present, while the Circle of Green label assures the consumer that no harmful chemicals are within the formulations. more Oil hits new record as investors flee the falling dollar 16 Apr 08, 06:57 ET AP - Oil prices are surging to record highs as the weakening U.S. dollar drives investors to dump money into commodities. more Oil price hits record high close to 115 dollars 16 Apr 08, 06:48 ET AFP - The price of New York oil on Wednesday struck a historic peak at 114.50 dollars, winning support as the US currency tumbled to an all-time low against the euro, traders said. more China economy slows a touch 16 Apr 08, 06:39 ET Reuters - China shrugged off atrocious winter weather and a global credit crunch to post surprisingly strong economic growth of 10.6 percent for the first quarter. more Basel bank watchdog plans crackdown on risk 16 Apr 08, 06:38 ET Reuters - The world's top bank regulator launched a crackdown on Wednesday in response to the global credit crunch, saying it aimed to raise the costs of complex debt securities and risky practices. more Oil price hits record high 114.49 dollars 16 Apr 08, 06:12 ET AFP - The price of New York oil on Wednesday struck a historic peak at 114.49 dollars per barrel, winning support as the US currency tumbled to an all-time low against the euro, traders said. more Euro hits record high of 1.5947 dollars 16 Apr 08, 06:10 ET AFP - The euro hit a record high of 1.5947 dollars on Wednesday after official data showed annual inflation across the eurozone has hit an all-time peak. more UBS needs years to repair reputation: new chairman 16 Apr 08, 06:04 ET AFP - It will take around two to three years for embattled Swiss banking giant UBS to regain its reputation as one of the world's most stable and trusted banks, its new chairman said in an interview published Wednesday. more Oil hits new high above $114, dollar supports 16 Apr 08, 05:59 ET Reuters - Oil struck a new record high above $114 a barrel on Wednesday, buoyed by the weak U.S. dollar, inflows of speculative money and long-term constraints on supply. more Banks kick world stocks up; uncertainty haunts dollar 16 Apr 08, 05:53 ET Reuters - European stocks picked up the firmer tone set in Asia on Wednesday, with financials and tech shares helping cap risk aversion, but uncertainty stalked the dollar as nervous investors eyed results from major U.S. banks. more Japan rejects British fund's investment 16 Apr 08, 05:50 ET AP - Japan rejected a proposal from Britain's The Children's Investment Fund on Wednesday, blocking the hedge fund's efforts to raise its stake in a major electricity company because of potential disruptions to "public order." more Iran questions need for OPEC to cool oil prices 16 Apr 08, 05:48 ET Reuters - Iran's oil minister on Wednesday questioned the need for OPEC to hike production to cool surging oil prices, snubbing calls for more crude from its Western foes, the United States and Britain. more Drew Schulte Joins San Diego Real Estate Central.com Team 16 Apr 08, 03:01 ET PRWeb - Drew Schulte with Coldwell Banker real estate joins the GAMER & Associates real estate team and San Diego Real Estate Central.com as their lead San Diego real estate agent. more Food aid groups push 'green revolution' to fix hunger crisis 16 Apr 08, 01:57 ET AP - Amid a deepening world hunger crisis, leading food aid groups are calling for a "green revolution" that would help impoverished regions develop their own agriculture economies rather than relying on U.S.-grown food. more UBS says needs 3 years to repair reputation: report 16 Apr 08, 01:05 ET Reuters - UBS needs three years to repair the reputation damage suffered after it bet massively, and wrongly, on the U.S. mortgage market and became the world's hardest-hit bank from the subprime crisis, the bank's chairman-designate said on Wednesday. more Small businesses nervous over economy: survey 16 Apr 08, 00:30 ET Reuters - A majority of small and medium-sized businesses say the U.S. economy is in worse shape than five years ago and nearly half expect a recession in the next year, according to a survey released on Wednesday. more

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