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WSJ editor's resignation process flawed: committee 29 Apr 08, 19:57 ET Reuters - A committee to protect editorial integrity at The Wall Street Journal said on Tuesday it will be more active in the search of a new managing editor for the paper after being blindsided by the resignation of Marcus Brauchli. more Americans unload prized belongings to make ends meet 29 Apr 08, 18:04 ET AP - The for-sale listings on the online hub Craigslist come with plaintive notices, like the one from the teenager in Georgia who said her mother lost her job and pleaded, "Please buy anything you can to help out." more Treasurys rise after decline in home prices, consumer moods 29 Apr 08, 17:34 ET AP - Treasury prices rose Tuesday as investors sought safety following a report of a sharp drop in home prices and a further slide in consumer confidence. more Dollar gains limited by gloomy US data 29 Apr 08, 17:23 ET AFP - The dollar saw modest gains against the euro and mixed trade overall Tuesday as a gathering greenback rally appeared to lose steam on news of another decline in US consumer confidence. more Profitable Rogers Will Bring Apple's iPhone to Canada 29 Apr 08, 16:35 ET NewsFactor - Rogers Communications said its first quarter net income grew 102 percent to $339.8 million. Revenues at Canada's largest wireless network operator rose 14 percent in the quarter to $2.57 billion. more New iMac Could Be Big Hit with Gamers 29 Apr 08, 16:35 ET NewsFactor - The upgrades to Apple's iMacs announced Monday might seem pedestrian, but some observers see them as heralding an exciting new future for the Mac -- gaming. more Fed needs tough chief in Paul Volcker mould 29 Apr 08, 15:50 ET FT.com - What got us into our financial pickle? Most academics are prisoners of the Efficient Market Hypothesis that assumes man acts rationally and efficiently in economic matters in ways that can be caught in elegant mathematical models. Ben Bernanke, chairman of the Federal Reserve, shares this view completely, and Alan Greenspan, his predecessor, when it suits him. In such a convenient world, there can be no bubbles and no crashes. ... more Internal Siemens probe uncovers widespread corruption: company 29 Apr 08, 15:33 ET AFP - An internal probe at German industrial group Siemens has found that almost all its sectors of activity were subject to active corruption, a company statement said Tuesday. more How Successful Companies Develop Their Sales Teams 29 Apr 08, 15:13 ET NewsFactor - Not enough companies have learned how to employ sales training as a strategic tool. Those that have are leaders in their industries, offering their shareholders maximum return on investment. They are able to quickly adapt to changing market conditions, are respected by their customers, and provide consistent sales performance. more Oil drops as demand falls amid supply growth expectations 29 Apr 08, 14:37 ET AP - Oil prices fell more than $3 a barrel Tuesday as the market absorbed data showing demand is falling even as supplies are rising. Gas prices inched higher at the pump, continuing their record-breaking press toward $4 a gallon. more Stocks dip with investors wary before Fed's rate decision 29 Apr 08, 14:23 ET AP - Wall Street pulled back modestly Tuesday as investors, disappointed by a low reading on consumer sentiment, traded with caution ahead of the Federal Reserve's Wednesday decision on interest rates. more Confidence slumps as home prices post record fall 29 Apr 08, 13:09 ET Reuters - Consumer confidence fell to a five-year low this month as Americans confronted the grimmest jobs outlook since late 2004, while data also showed a record drop in home prices in February. more BP and Shell post big profits in era of record oil prices 29 Apr 08, 12:36 ET AP - BP PLC and Royal Dutch Shell PLC, Europe's two biggest oil producers, posted forecast-busting first-quarter earnings on Tuesday thanks to record crude oil prices that are expected to bolster profits across the industry. more Merck hit hard by cholesterol drug rejection 29 Apr 08, 11:51 ET Reuters - Confidence in Merck & Co's earnings prospects withered on Tuesday, along with its stock price, after U.S. regulators surprisingly rejected the drugmaker's treatment to raise levels of "good" HDL cholesterol. more GMAC 1Q loss widens on declining auto finance income 29 Apr 08, 11:02 ET AP - GMAC Financial Services said Tuesday its first-quarter loss widened as its automotive finance business weakened - though results improved slightly in its struggling mortgage operations. more Wal-Mart to cash tax rebate checks for free 29 Apr 08, 10:41 ET Reuters - Wal-Mart Stores Inc on Tuesday unveiled its plans to entice U.S. shoppers to spend their tax rebates in its discount stores, offering to cash the checks for free and saying it has cut prices on key items such as cereal and lunch meat. more Consumer confidence drops in April on inflation, job worries 29 Apr 08, 10:22 ET AP - Soaring gas prices and weaker job prospects made Americans gloomier about the economy in April, sending a widely watched measure of consumer sentiment even lower, a private research group said Tuesday. more S&P says home prices fall by 12.7 percent in February 29 Apr 08, 09:13 ET AP - A closely watched index shows that U.S. home prices fell by 12.7 percent in February versus last year, with 17 of the 20 metro areas reporting record annual declines. more Countrywide swings to loss 29 Apr 08, 09:00 ET Reuters - Countrywide Financial Corp , the mortgage lender being acquired by Bank of America Corp , on Tuesday posted a surprisingly large $893.1 million first-quarter loss, as it took more than $3 billion of charges for write-downs and bad loans. more MasterCard earnings more than double 29 Apr 08, 08:58 ET Reuters - MasterCard Inc said on Tuesday first-quarter earnings more than doubled, helped by the weak dollar and the sale of a stake in a Brazilian credit card services company. more MasterCard profit more than doubles as card use abroad rises 29 Apr 08, 08:58 ET AP - MasterCard's profit more than doubled in the first quarter, the card processor said Tuesday, as more customers outside the United States used their credit and debit cards for purchases. more Oil falls below $117 as dollar rises 29 Apr 08, 08:57 ET Reuters - Oil fell more than $2 a barrel on Tuesday, retreating further from a record high hit a day before, as the dollar firmed and a strike ended at Britain's Grangemouth refinery. more McGraw-Hill profit falls 44 percent 29 Apr 08, 08:47 ET Reuters - McGraw-Hill Cos Inc said on Tuesday first-quarter earnings fell 44 percent as its Standard & Poor's credit market unit, which includes a bond rating agency, generated less revenue amid the credit crunch. more Countrywide loses $893 million in 1Q on rising loss reserve 29 Apr 08, 08:28 ET AP - Countrywide Financial says it lost $893 million during the first quarter due to a sharp increase in its provision for loan losses. more A Guide for Family Businesses 29 Apr 08, 08:08 ET BusinessWeek Online - The owners of wrayco Industries -- two brothers, a sister, and their parents -- recently held a meeting in a quiet retreat near their Stow (Ohio) headquarters. Their task: to write a family constitution. The family wanted to come up with a consensus based on their hopes for the future of the $38 million company, which manufactures specialty fuel tanks for construction and other equipment. ... more French Airbus workers strike against plant sell-off 29 Apr 08, 08:07 ET AFP - Workers at Airbus staged their second strike in a week at the airplane manufacturer's French factories Tuesday in protest at plans to sell two sites under a contested restructuring plan. more BMW earnings hit by financial crisis 29 Apr 08, 08:05 ET AFP - BMW said Tuesday that the global financial crisis had hurt its first quarter results but the German luxury car group maintained its forecast for record sales this year. more BP 1Q profit rises 63 percent on record oil prices 29 Apr 08, 07:58 ET AP - BP PLC, Europe's second biggest oil producer, reported a 63 percent surge in first quarter net profit on Monday after crude oil prices soared to an all-time high and natural gas prices also rose. more Record oil prices drive Shell 1Q profits up 25 percent 29 Apr 08, 06:50 ET AP - Royal Dutch Shell PLC's first-quarter profits rose 25 percent, Europe's largest engery company reported Tuesday, on unheard of prices for a barrel of oil. more ICBC Q1 profit surges; takes further subprime hit 29 Apr 08, 06:24 ET Reuters - Industrial and Commercial Bank of China (1398.HK)(601398.SS), the world's biggest bank by market value, posted a 77 percent jump in first-quarter profit on Tuesday and booked a further $58 million worth of provisions for its exposure to the U.S. subprime mess. more Deutsche Bank reports 1Q loss on $4.2 billion in write-downs 29 Apr 08, 06:10 ET AP - Deutsche Bank AG said Tuesday that it wrote down $4.2 billion during the first quarter, pushing Germany's biggest bank to its first quarterly loss since 2003 amid trading losses, lower revenue and global market jitters. more BP profits rocket on runaway oil prices 29 Apr 08, 06:05 ET AFP - British energy giant BP said Tuesday that net profit surged 63.4 percent to 7.62 billion dollars (4.90 billion euros) in the first quarter of the year, driven by record-high oil prices. more Deutsche Bank drops 2008 targets after posting first quarter loss 29 Apr 08, 05:43 ET AFP - Germany's biggest bank, Deutsche Bank, abandoned earnings targets for 2008 after posting Tuesday its first quarterly loss in five years as a result of the global credit crunch. more Shell, BP profits jump on record oil price 29 Apr 08, 05:39 ET Reuters - Oil giants Royal Dutch Shell (RDSa.L) and BP beat forecasts to post big rises in first quarter profits on Tuesday, lifting shares across the sector, as investors bet oil prices above $100/barrel would be an even bigger bonanza than expected. more Homes facing foreclosure more than doubled in 1Q from 2007 29 Apr 08, 05:03 ET AP - The number of U.S. homes heading toward foreclosure more than doubled in the first quarter from a year earlier, as weakening property values and tighter lending left many homeowners powerless to prevent homes from being auctioned to the highest bidder, a research firm said Monday. more 'Local Search' to Become a Key Application for Over 30% of Mobile Phone Users by 2013, According to Juniper Research 29 Apr 08, 04:55 ET PRWeb - Nearly 1.3 billion mobile users - 30% of the subscriber base - are expected to utilise local mobile search services by 2013, according to a new report from industry analysts, Juniper Research. more Ex-Fed official criticizes Bear Stearns rescue: report 29 Apr 08, 04:23 ET Reuters - A former top Federal Reserve official has said that the Fed's bailout of Bear Stearns Cos will come to be viewed as the "worst policy mistake in a generation," the Wall Street Journal reported on Tuesday. more Financial crisis hits profits at German insurer Allianz 29 Apr 08, 03:59 ET AFP - German insurer Allianz said Tuesday that its first quarter net profit will slump to a third of what it was in the year-earlier period due the ongoing financial crisis and weak stock markets. more Deutsche suffers Q1 loss, 2.7 bln euro writedowns 29 Apr 08, 03:43 ET Reuters - Deutsche Bank suffered its first quarterly loss in five years on Tuesday as global financial turmoil heaped 2.7 billion euros ($4.2 billion) in writedowns on Germany's biggest listed bank. more HBOS calls 7.9 bn dollar rights issue after new write-downs 29 Apr 08, 03:07 ET AFP - Britain's biggest mortgage lender, Halifax Bank of Scotland, is to ask shareholders for four billion pounds (five billion euros, 7.9 billion dollars) to strengthen its balance sheet, it said Tuesday. more Blockbuster in talks for stake in Viacom-led channel: report 29 Apr 08, 01:49 ET Reuters - Blockbuster Inc is in talks about taking a stake in the new premium TV channel to be launched by Viacom Inc (VIAb.N) with Lions Gate Entertainment and Metro-Goldwyn-Mayer, the Wall Street Journal said on Tuesday, citing people familiar with the situation. more Watchdog group says Chevron complicit in Myanmar 29 Apr 08, 00:39 ET Reuters - A human rights watchdog group on Tuesday accused Chevron Corp of complicity in human rights abuses along a natural gas pipeline in Myanmar in which it holds a stake and said Chevron could be sued. more GM to lay off 3,550 at 4 pickup truck and SUV factories 29 Apr 08, 00:15 ET AP - The dwindling U.S. auto market and an accelerating shift from trucks to cars has brought grim layoff news to four General Motors Corp. factories. more Millionaires see economy as weak, but expect rebound in 2009 29 Apr 08, 00:07 ET AP - Even millionaires are feeling the economic squeeze, with many saying they don't even "feel" wealthy. But as a group, they are optimistic that things will improve in the next year. more Gasoline prices top concerns over jobs, health troubles 29 Apr 08, 00:02 ET AP - Paying for gasoline easily tops the list of economic woes facing families in the United States, according to a survey on how changes in the economy have affected people's lives. more

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