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Sony 07/08 profit to quintuple but miss target: report 1 May 08, 23:55 ET Reuters - Sony Corp's (6758.T) operating profit likely jumped more than fivefold to 380 billion yen ($3.6 billion) on strong sales of digital cameras in the year just ended, but it missed the company's forecast by 30 billion yen, the Nikkei business daily reported. more Western ports return to normal after workers' war protest 1 May 08, 23:38 ET AP - West Coast cargo traffic came to a halt Thursday as port workers ditched the day shift, saying they wanted to commemorate May Day and call on the U.S. to end the war in Iraq. more April auto sales plunge 14 percent 1 May 08, 21:27 ET Reuters - U.S. auto sales fell 14 percent to their lowest annual rate in a decade in April as weak consumer confidence and rising gas prices hit the industry's most profitable vehicles hardest. more Canon says to invest $575 mln in new U.S. plant 1 May 08, 21:09 ET Reuters - Japan's Canon Inc, a leading printer and copier maker, said on Friday it would invest 60 billion yen ($575 million) to build a new toner cartridge plant in the United States, prompting its shares to rise as much as 4.4 percent. more Yahoo could announce Google ad deal in a week: report 1 May 08, 20:33 ET Reuters - Yahoo Inc may announce a deal to carry search advertisements from Google Inc within a week as it defends itself from the threat of a hostile takeover bid by Microsoft Corp , the Wall Street Journal reported on Thursday. more Arizona Gov. signs changes to employer sanctions law 1 May 08, 19:52 ET AP - Gov. Janet Napolitano approved revisions to an Arizona law that prohibits employers from knowingly hiring illegal immigrants and has been criticized as being unfair to businesses. more Bolivia seizes control of energy, telecoms firms 1 May 08, 19:18 ET AFP - Bolivia's President Evo Morales on Thursday said the government was taking control of the national telephone company and some foreign-owned energy concerns, continuing a two-year nationalization process. more US auto sales in reverse as consumers pause 1 May 08, 18:31 ET AFP - Automakers suffered more steep falls in the US market in April as a weak economy prompted consumers to put off purchases, especially of fuel-thirsty sport utility vehicles, sales data showed Thursday. more MetLife 1st-qtr net drops 37 pct on investments 1 May 08, 18:28 ET Reuters - MetLife Inc , the largest life insurer in the United States by assets, said on Thursday first-quarter net income fell 37 percent, hurt by investment losses. more For $$, AT&T Lets You Squint at TV on Your Cell Phone 1 May 08, 17:55 ET NewsFactor - Would Dick Tracy watch TV on his wristwatch? AT and Verizon hope so. AT Mobile TV is the latest offering in what the telcos hope is an emerging market for cell phones -- and the subscription fees that come with them. more Exxon Mobil 1Q profit up 17 pct, Marathon edges up 2 percent 1 May 08, 17:33 ET AP - Don't expect motorists to sympathize, but Exxon Mobil Corp. says gasoline prices didn't do it any favors in the first quarter. more Sun Micro cutting up to 2,500 jobs 1 May 08, 17:11 ET Reuters - Sun Microsystems Inc said on Thursday it would cut 1,500 to 2,500 jobs in the face of U.S. economic weakness and delays in orders from some customers. more ExxonMobil profit up 17 percent, but short of forecasts 1 May 08, 17:04 ET AFP - ExxonMobil said Thursday its first-quarter profit rose 17 percent from a year ago to 10.89 billion dollars, but the earnings were below Wall Street forecasts. more More women charge Bloomberg LP with discrimination 1 May 08, 17:03 ET Reuters - The number of pregnant women at news and financial data company Bloomberg LP who claim to have suffered sex discrimination has grown to 58 from three, an attorney for the U.S. Equal Employment Opportunity Commission said on Thursday. more Adobe Builds Open Screen for a Consistent Web View 1 May 08, 16:42 ET NewsFactor - Adobe Systems, together with Intel, LG Electronics, Motorola, Nokia, Qualcomm, Samsung Electronics, Sony Ericsson, Verizon Wireless and others, is behind a new Open Screen Project that seeks to create a runtime environment capable of delivering a consistent Web experience across a variety of operating systems and consumer electronics devices. more Pentagon inspector faults U.S. oversight of BAE 1 May 08, 15:54 ET Reuters - U.S. technology going into the F-35 Joint Strike Fighter aircraft may have been compromised by unauthorized access at facilities and computers belonging to BAE Systems Plc , the Pentagon's inspector general said in a report made public on Thursday. more Airlines slow down flights to save on fuel 1 May 08, 15:24 ET AP - Drivers have long known that slowing down on the highway means getting more miles to the gallon. Now airlines are trying it, too - adding a few minutes to flights to save millions on fuel. more April auto sales slump, truck sales plunge 1 May 08, 14:51 ET Reuters - U.S. auto sales fell sharply in April with rising gasoline prices weighing hardest on sales of large sport utility vehicles and pickups, where the industry traditionally has made its biggest profits. more Bernanke suggests student lender subsidies review 1 May 08, 14:50 ET Reuters - The chairman of the Federal Reserve has suggested that Congress revisit the issue of government subsidies to student loan providers, according to an April 25 letter made public on Thursday. more Fed auctions $24.12 billion in Treasuries to ease credit 1 May 08, 14:43 ET AP - The Federal Reserve has auctioned $24.12 billion in super-safe Treasury securities to big investment firms, part of an ongoing effort to ease credit problems. more GM U.S. sales down 22.7 pct 1 May 08, 14:06 ET Reuters - General Motors Corp on Thursday reported a 22.7 percent fall in April U.S. auto sales on an adjusted basis, led by a 32 percent decline in truck sales. more Ford's US sales down, Toyota up in April as gas prices rise 1 May 08, 13:30 ET AP - Ford's U.S. sales dropped 12 percent but Toyota's sales edged up 3 percent in April as high gas prices accelerated consumers' rush away from trucks and sport utility vehicles. more Rates on 30-year mortgages rise to highest level in 7 weeks 1 May 08, 13:08 ET AP - Rates on 30-year mortgages remained above 6 percent, edging up to the highest level in seven weeks and reflecting continued financial market concerns about inflation. more Kodak posts narrower 1Q loss, sales edge up 1 May 08, 13:08 ET AP - Eastman Kodak Co. said Thursday its first-quarter loss narrowed to $115 million as it battles for a bigger slice of digital photography after navigating a drastic, four-year overhaul. The results still missed Wall Street expectations and its stock fell more than 5 percent. more Terminal operators say West Coast cargo traffic halted 1 May 08, 13:03 ET AP - Terminal operators say West Coast cargo traffic has come to a halt as port workers stage daylong anti-war protests. more Microsoft May Increase Yahoo Bid, Maybe Not Enough 1 May 08, 12:50 ET NewsFactor - Microsoft's board met Wednesday but failed to decide on the next step to acquire Yahoo, The Wall Street Journal reported. Sources told the newspaper that the board authorized CEO Steve Ballmer to pursue hostile takeover maneuvers or to walk away from the deal. more Ford's U.S. sales drop 12 pct led by trucks 1 May 08, 12:18 ET Reuters - Ford Motor Co on Thursday said its U.S. vehicle sales for April dropped 12 percent, including an 18-percent decline in truck sales. more Manufacturing report shows continuing contraction in April 1 May 08, 11:42 ET AP - U.S. manufacturing activity contracted in April at the same pace as in the previous month, stalled near its lowest level in five years, a private trade group said Thursday. more US consumer spending rises in March on higher prices 1 May 08, 10:52 ET AFP - US consumers spent more in March than in February, but much of the gain was due to higher-priced food, energy and services, government data showed Thursday. more Home Depot to close 15 stores, curb openings 1 May 08, 10:41 ET Reuters - Retailer Home Depot Inc , which has been battered by the slumping housing market, said on Thursday it plans to close 15 underperforming U.S. stores and will curb future store openings, sending its shares up 2 percent. more Home Depot to close 15 US stores, cites poor performance 1 May 08, 10:20 ET AP - The Home Depot is closing 15 of its namesake stores, affecting 1,300 employees. It is the first time the home improvement retailer has ever closed a flagship store for performance reasons. more Construction activity tumbles in March 1 May 08, 10:11 ET AP - Construction spending dropped sharply in March, with housing activity plunging by the largest amount on record. more Consumer spending up but much of gain reflects higher prices 1 May 08, 09:57 ET AP - Soaring prices for food, gas and other everyday needs pushed consumer spending to a faster pace than expected in March. more Comcast 1Q profit falls 12 pct, customer cable spending up 1 May 08, 09:45 ET AP - Comcast Corp. on Thursday reported a 12.5 percent decline in first-quarter profits from a year ago, when the company's earnings were inflated by a $300 million one-time gain. more Exxon Mobil 1Q profit up 17 pct, Wall Street expected more 1 May 08, 09:36 ET AP - Exxon Mobil Corp., the world's largest publicly traded oil company, said Thursday record crude prices helped its net income grow 17 percent in the first quarter, but the results came in below Wall Street forecasts. more Home Depot to close 15 stores, curb store openings 1 May 08, 09:29 ET Reuters - Retailer Home Depot Inc , which has been battered by the slumping U.S. housing market, on Thursday said it plans to close 15 underperforming stores and said it will curb future store openings. more Jobless claims jump but consumer spending up 1 May 08, 09:14 ET Reuters - The number of workers applying for jobless benefits surged last week in gloomy news for the labor market, but personal spending in March was stronger than expected, government data on Thursday showed. more Jobless claims surge 1 May 08, 08:38 ET AP - The number of newly laid off workers filing claims for unemployment benefits soared last week. more Exxon profit disappoints even with record oil 1 May 08, 08:36 ET Reuters - Exxon Mobil Corp on Thursday posted disappointing first-quarter earnings, as record crude oil prices did not help the company as much as investors hoped. more Wyndham Worldwide profit falls, holds forecast 1 May 08, 08:15 ET Reuters - Wyndham Worldwide Corp , the world's No. 2 hotel group by rooms, said on Thursday first-quarter profit fell as growth in its economy hotel business was offset by a one-time charge related to the rebranding of its timeshare operations. more Bracing for the Jobs Report 1 May 08, 08:08 ET BusinessWeek Online - Will the downturn be short and shallow or deep and vicious? With all apologies to William Shakespeare, that is the question. It isn't an idle one, either, and it's difficult to answer with any degree of confidence even though it's increasingly clear the Federal Reserve has succeeded in its several months-long campaign to prevent a credit crunch from turning into a financial collapse. The quarter-point cut Apr. 30 in its benchmark interest rate to 2% is probably the central bank's last maneuver in that crusade for some time. more CVS Caremark 1Q profit rises as sales climb 1 May 08, 07:59 ET AP - CVS Caremark Corp., the nation's biggest pharmacy chain, said its first-quarter profit jumped 84 percent, helped by surging sales in the wake of last year's purchase of Caremark. more Wall Street heads higher on optimism about credit crisis 1 May 08, 07:58 ET AP - Wall Street headed toward a higher open Thursday amid growing optimism that the credit crisis that pummeled global markets might be nearing an end. more Comcast quarterly profit declines, loses subs 1 May 08, 07:49 ET Reuters - Comcast Corp , the largest U.S. cable operator, on Thursday posted a fall in first-quarter net profit and a drop in basic video subscribers as it faced fierce competition from phone and satellite companies. more Futures up as dollar sends commodities lower 1 May 08, 07:48 ET Reuters - Stock index futures rose on Thursday as a rebounding dollar sent commodities price lower, helping to calm inflation worries a day after the Federal Reserve signaled heightened concern about mounting price pressures. more Nissan's Ghosn sees U.S. market stabilizing in 2009-10 1 May 08, 07:38 ET Reuters - Nissan Motor Co (7201.T) Chief Executive Carlos Ghosn said on Thursday that the U.S. auto market could stabilize in 2009-2010, but the industry would rely mostly on emerging markets to expand. more Disney takes over Disney Stores from Children's Place 1 May 08, 07:34 ET AP - Walt Disney Co. said Thursday it has taken over the Disney Store chain in North America from Children's Place Retail Stores, and will close about 98 stores U.S. and two in Canada. more Dollar advances as dealers digest US rate cut 1 May 08, 07:14 ET AFP - The dollar rose in thin trade on Thursday, clawing back earlier losses, as the foreign exchange market focused on the US Federal Reserve's latest interest rate cut. more Herbalife posts higher profit, president resigns 1 May 08, 06:24 ET Reuters - Herbalife Ltd , a nutritional supplements marketer, said its president and chief operating officer (COO) had quit after coming under fire for misrepresenting his academic credentials. more As Credit Turmoil Increases, Bad Credit Loans Offer Rare & Immediate Help 1 May 08, 03:01 ET PRWeb - With House prices falling, unemployment rising, Bad Credit Loans from www.loansbadcredit.org.uk are fast becoming the only reasonable solution for many consumers. more Oil rises more than $1 as dollar drops after Fed rate cut 1 May 08, 00:16 ET AP - Oil prices rose by more than $1 a barrel in Asian trading Thursday as the dollar weakened after the U.S. central bank cut its key interest rate. more

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