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Apple profit rises but margins a letdown 23 Apr 08, 19:51 ET Reuters - Apple Inc on Wednesday posted a 36 percent rise in quarterly profit, helped by strong sales of Macintosh computers and iPods, but its lower profit margin and cautious outlook disappointed investors. more Starbucks expects 2Q earnings below analysts' view 23 Apr 08, 19:39 ET AP - Starbucks Corp. warned Wednesday that its second-quarter earnings would fall short of analysts' expectations due to the weak U.S. economy and the cost of its turnaround plan. more Starbucks slashes outlook, blames housing meltdown 23 Apr 08, 19:24 ET Reuters - Starbucks Corp said on Wednesday it was the latest victim of the U.S. mortgage meltdown. more Amazon's pricing means lower margins, share drop 23 Apr 08, 19:06 ET Reuters - Amazon.com Inc warned on Wednesday that profit margins would narrow in 2008 as it kept prices in check, sending its shares down 5 percent, even as quarterly results topped Wall Street targets and the Web retailer raised its 2008 sales forecast. more Pulte 1Q loss widens on hefty inventory, land charges 23 Apr 08, 18:46 ET AP - Pulte Homes Inc. said Wednesday its first-quarter loss widened after it took a hefty charge amid a worsening housing market. more Delta, Northwest lose combined $10.5B on high fuel, charges 23 Apr 08, 18:36 ET AP - Delta and Northwest, seeking to combine to create the world's largest airline, posted losses Wednesday totaling $10.5 billion for the first three months of the year due to exorbitant fuel prices and write-downs of their companies' value. more Apple profit rises on strong Mac, iPod sales 23 Apr 08, 18:09 ET Reuters - Apple Inc on Wednesday posted a 36 percent rise in quarterly profit, helped by strong sales of Macintosh computers and iPod players, but its profit margin and cautious outlook disappointed investors. more BofA's Lewis says $4B Countrywide buy still a good idea 23 Apr 08, 18:07 ET AP - Beleaguered Bank of America Corp. shareholders pleaded Wednesday with the bank's chief executive not to proceed with a $4 billion acquisition of distressed subprime mortgage lender Countrywide Financial Corp. more Yahoo, Google say talked to DOJ about 2-week test 23 Apr 08, 16:57 ET Reuters - Google Inc and Yahoo Inc told the Justice Department about a two-week test combining some of their search and advertising business before it happened, the two companies said on Wednesday. more Apple fiscal 2Q profit jumps to beat street on Mac sales 23 Apr 08, 16:51 ET AP - Apple says its fiscal second-quarter earnings jumped to beat analyst estimates as computer and iPod revenue grew. more Apple Buys P.A. Semi for iPhone, iPod Advances 23 Apr 08, 16:36 ET NewsFactor - Apple has agreed to buy P.A. Semi, a boutique microprocessor design company, according to Forbes magazine. The deal is reportedly worth $278 million in cash. more Customs Can Search all Files on a Laptop, Court Rules 23 Apr 08, 16:36 ET NewsFactor - Business travelers carrying laptops into the U.S. from overseas may be in for a rude experience. The Ninth Circuit Court of Appeals ruled Monday that U.S. Customs and Border Patrol officers can search laptops -- including opening every file on the hard drive -- without any reasonable suspicion. more Bull market in gold means big bucks for old dental work 23 Apr 08, 16:15 ET AP - Dazzled by the bull market in gold, people are digging through drawers for old dental caps, fillings and bridgework they saved years ago and selling them at prices that would make the tooth fairy blush. more Wal-Mart-owned Sam's Club limits rice purchases 23 Apr 08, 15:28 ET AP - Sam's Club, the membership warehouse division of Wal-Mart Stores Inc., is limiting how much rice customers can buy because of what it calls "recent supply and demand trends." more China cuts stamp duty to boost stock market 23 Apr 08, 12:18 ET AFP - China has decided to cut the stamp duty on stock market transactions to 0.1 percent from 0.3 percent with effect from Thursday, state media said, following deep plunges in share prices. more Schering 1Q profit drops 48 pct mostly from takeover costs 23 Apr 08, 12:10 ET AP - Schering-Plough Corp. on Wednesday reported a 48 percent plunge in first-quarter profit, primarily from costs related to its biggest acquisition ever, and the drugmaker trounced Wall Street expectations. more UPS cites weak U.S. economy after loss 23 Apr 08, 12:04 ET Reuters - United Parcel Service Inc reported a 12 percent decline in quarterly profit on Wednesday, citing a sharp decrease in U.S. economic activity, and the No. 1 package delivery company cut its 2008 earnings forecast. more Delta, Northwest profit hammered by fuel and charges 23 Apr 08, 11:55 ET Reuters - Delta Air Lines Inc and Northwest Airlines , set to merge to become the world's largest carrier, on Wednesday said record-high fuel costs slashed their overall valuation, leading to $10.5 billion in losses during the first quarter. more Stocks rise as Street parses earnings, oil prices decline 23 Apr 08, 11:46 ET AP - Wall Street bounded higher Wednesday after an increase in oil supplies sent energy prices lower and eased Wall Street's concerns that rising inflation will force consumers to cut their spending. more GE hikes cost-cutting goal to $3 billion 23 Apr 08, 11:05 ET Reuters - General Electric Co chief Jeffrey Immelt said on Wednesday U.S. capital markets have improved since the end of the first quarter but the overall U.S. economic picture is unchanged, and the company has raised its 2008 cost-cutting goal by $1 billion. more Liberty Mutual to buy Safeco for $6.2 billion 23 Apr 08, 10:21 ET Reuters - Diversified insurer Liberty Mutual Group said on Wednesday it would buy Safeco Corp for $6.2 billion in a deal that would make Liberty Mutual the fifth-largest U.S. property and casualty insurer. more Anheuser-Busch net income falls 23 Apr 08, 10:12 ET Reuters - Anheuser-Busch Cos Inc reported lower quarterly profit on Wednesday, as U.S. retailers purchased less beer from wholesalers. more Boeing profit up on plane deliveries 23 Apr 08, 09:51 ET Reuters - Boeing Co reported a greater-than-expected 38 percent jump in first-quarter profit on Wednesday as increased deliveries of its commercial planes offset a dip in military sales, and manufacturing operations became more efficient. more Toyota takes world sales lead from General Motors 23 Apr 08, 09:33 ET AP - Toyota Motor Corp. has taken the first-quarter global automotive sales lead from General Motors Corp., selling 2.41 million vehicles to GM's 2.25 million over the first three months of the year. more Liberty Mutual agrees to buy Safeco for $6.12 billion 23 Apr 08, 09:33 ET AP - Liberty Mutual will buy Safeco for $6.12 billion in a deal to create the country's fifth-biggest property insurer. more Stock futures flat as Boeing offsets banks 23 Apr 08, 09:25 ET Reuters - Stock index futures were little changed on Wednesday, as robust profits from Boeing Co helped offset concerns about the health of the financial sector. more Shareholders savage UBS over subprime losses 23 Apr 08, 09:00 ET AFP - Small shareholders in Swiss banking giant UBS ripped into a shamefaced board on Wednesday after hearing that world-beating subprime losses of 37 billion dollars might go higher still. more Ambac shares dive after steep loss 23 Apr 08, 08:51 ET Reuters - Ambac Financial Group Inc , a bond insurer that struggled to raise capital earlier this year, posted a surprisingly wide first-quarter loss on Wednesday after setting aside $1 billion to cover future payouts on mortgage bonds. more Boeing profit jumps 38 pct as orders grow in 1st quarter 23 Apr 08, 08:28 ET AP - Boeing Co., the world's second biggest commercial airplane manufacturer, said Wednesday that it earned $1.2 billion in the first quarter, a 38 percent increase from a year ago as its backlog of orders grew to a new record high. more Sony Ericsson sees profits halved in first quarter 23 Apr 08, 08:10 ET AFP - Sony Ericsson, the Swedish-Japanese mobile phone maker, said on Wednesday its profits plunged in the first quarter as its average sale price fell due to its reorientation towards low and mid-end phones. more Not Guzzling Quite So Much Gas 23 Apr 08, 08:08 ET BusinessWeek Online - For 20 years now, workers in Palm Beach County, Fla., have been counting cars with sensors at strategic points along the county's 4,000 miles of roads. And as sure as the tide flows in the nearby Atlantic, nearly every year traffic volume has climbed at least 2%. But in 2007 there was a slight decline in the number of vehicles on the roads. And this year, traffic is down 7.5% through March. "We're seeing a very significant change," says county engineer George Webb. "We're having a good time speculating why." more Existing Home Sales Drop for Seventh Straight Month 23 Apr 08, 08:08 ET BusinessWeek Online - It wasn't too surprising that median prices for U.S. used homes dropped again in March -- the seventh straight month of declines, the National Association of Realtors reported on Apr. 22. more Delta reports $6.4B loss in first quarter on fuel costs 23 Apr 08, 07:51 ET AP - Delta Air Lines Inc., the nation's third-largest carrier, said Wednesday its loss widened in the first quarter to a whopping $6.39 billion because of soaring fuel prices and the steep decline in the company's market value. more Mortgage applications plunge as rates soar: MBA 23 Apr 08, 07:05 ET Reuters - Mortgage applications plunged last week, largely reflecting a drop in demand for home refinancing loans as interest rates surged, an industry group said on Wednesday. more Volkswagen's results in line, reaffirms 2008 targets 23 Apr 08, 06:00 ET Reuters - Volkswagen, the fourth-biggest carmaker in the world that is soon to be a unit of Porsche, posted preliminary first-quarter results in line with expectations and reaffirmed its full-year targets. more The New Book that CAIR Does Not Want You to Read 23 Apr 08, 06:00 ET PRWeb - Ex-Muslims risk death to condemn their former faith with new book, "Why We Left Islam: Former Muslims Speak Out". more SEC refuses to say why Bear enquiry dropped: report 23 Apr 08, 05:24 ET Reuters - Regulatory officials turned down a congressional request to reveal why they aborted an inquiry into whether Bear Stearns Cos improperly valued complex debt securities, hurting investors in the process, the Wall Street Journal reported on Wednesday. more Court to hear case that could help workers claim benefits 23 Apr 08, 05:12 ET AP - When Wanda Glenn first sought disability benefits from MetLife Inc. in 2000, she "never in a million years" expected it would end up as a Supreme Court case. more Oil eased below $118; focus on supply disruptions 23 Apr 08, 03:52 ET Reuters - Oil eased under $118 on Wednesday, but stayed on the boil due to a weakening dollar, supply disruptions in Nigeria and fears that a refinery strike in Scotland could hit production in the North Sea. more New Best Selling Online Weight Loss Diet 23 Apr 08, 03:01 ET PRWeb - Fat Loss 4 Idiots is the new best selling weight loss diet available online. more Springfield Virginia Based Company Gets Coupons to Go Green 23 Apr 08, 03:01 ET PRWeb - Yardsaway.com pioneers a tech savvy face lift for the coupon, specifically for the DC Metro area. more Whirlpool suspends 39 workers, says they lied about smoking 23 Apr 08, 00:48 ET AP - Smoking can be hazardous to your health, and it's turning into a bad career move, too. more Oil prices near $118 in Asia after setting record near $120 23 Apr 08, 00:01 ET AP - Oil prices steadied Wednesday after climbing in the previous session to a record near $120 a barrel on the weakening U.S. dollar and concerns about unstable supply amid firm global demand. more

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