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Alibaba erases gains, hit by growth concerns 6 May 08, 23:29 ET Reuters - Shares in China's top e-commerce firm, Alibaba.com Ltd (1688.HK), erased early gains to fall 2 percent on Wednesday as concern over its premium customer growth and the impact of a slowing global economy offset enthusiasm over its forecast-beating quarterly results. more Fed's Hoenig warns of inflation's corrosive impact 6 May 08, 23:28 ET Reuters - The Federal Reserve must be ready to raise benchmark interest rates in a timely manner given the "troublesome" inflation outlook, Kansas City Fed President Thomas Hoenig said on Tuesday. more Cisco results beat forecasts but CEO cautious 6 May 08, 21:19 ET Reuters - Cisco Systems Inc gave a cautious business outlook on Tuesday, although its quarterly results exceeded expectations as rising Internet traffic fueled demand for network equipment. more Sprint, Clearwire to reveal $12 bln JV: sources 6 May 08, 20:53 ET Reuters - Sprint Nextel Corp and Clearwire Corp are near announcing a $12 billion joint venture with major cable operators to offer services based on WiMax, an emerging technology that could make wireless Internet ubiquitous, people close to the talks said on Tuesday. more Paulson says markets emerging from crunch: report 6 May 08, 20:52 ET Reuters - U.S. Treasury Secretary Henry Paulson said U.S. financial markets are emerging from the credit crunch that many economists believe has pushed the country to the brink of recession, according to The Wall Street Journal. more Housing picture worsens as Fannie sees price drop 6 May 08, 18:22 ET AP - The outlook for the housing market darkened further Tuesday as the nation's largest buyer of home mortgages said it racked up more than $2 billion in quarterly losses and forecast a steeper drop in home prices this year. more Countrywide Financial admits loan officers made errors 6 May 08, 18:06 ET AP - Mortgage lender Countrywide Financial Corp., which is under investigation for inflating certain borrowers' fees, acknowledged Tuesday that it has made errors and pledged to take steps to improve its operations. more Sprint, Clearwire to announce $12 bln JV: source 6 May 08, 17:38 ET Reuters - Sprint Nextel Corp and Clearwire Corp are close to announcing a $12 billion joint venture with major cable operators for high speed wireless Internet access for mobile phones and laptops, a source familiar with the talks said on Tuesday. more Disney beats Wall Street, movies, parks strong 6 May 08, 17:13 ET Reuters - Walt Disney Co posted a better-than-expected 22 percent rise in quarterly earnings as "Enchanted" did well on DVD and in foreign theaters and a weak economy failed to dampen spirits at its theme parks. more Cisco quarterly results top expectations 6 May 08, 16:49 ET Reuters - Cisco Systems Inc reported stronger-than-expected quarterly profits on Tuesday as rising Internet traffic fueled sales of its network equipment, despite concerns of a slowing U.S. economy. more Walt Disney's net profit grows 22 percent to $1.1B in 2Q 6 May 08, 16:46 ET AP - Strong growth in its media networks, film studios and theme parks lifted The Walt Disney Co.'s second-quarter net profit 22 percent from a year ago, the company said Tuesday. more Apple's Technical Support Is the Best, Survey Finds 6 May 08, 16:45 ET NewsFactor - Calling computer tech support is generally not a happy way to spend an afternoon. Except, apparently, when calling Apple. more Cisco 3Q profit falls, but adjusted income tops analyst view 6 May 08, 16:24 ET AP - Cisco says its fiscal third-quarter profit declined, but the networking gear maker's adjusted earnings and revenue topped Wall Street's expectations. more The Short View: Crunchy credit 6 May 08, 15:20 ET FT.com - In sports, a W is better than an L. The same should be true in markets but a W does offer more opportunities to lose as well as make money. more Government again raises estimates on oil, gas prices 6 May 08, 15:05 ET AP - The government on Tuesday again raised its short-term price forecasts for crude oil and gasoline - trends that are expected to tamp down demand. more AMD shares jump on restructuring optimism 6 May 08, 14:12 ET Reuters - Advanced Micro Devices Inc shares jumped more than 12 percent on Tuesday on investor optimism that the beleaguered chipmaker could soon announce its long-awaited strategy to revamp manufacturing to cut costs. more Wachovia nearly doubles its 1Q loss to $708 million 6 May 08, 13:25 ET AP - Wachovia Corp. said Tuesday it is nearly doubling previously reported losses for the first quarter after reviewing its portfolio of bank-owned life insurance. more Sara Lee 3Q profit rises but misses estimates on high costs 6 May 08, 13:05 ET AP - Sara Lee Corp. posted an 82 percent increase Tuesday in third-quarter earnings on higher sales prices and the weak dollar, but still-soaring commodity prices limited the gains and disappointed Wall Street. more Angry Investors Sue Yahoo and CEO Jerry Yang 6 May 08, 12:18 ET NewsFactor - Jerry Yang wanted nothing more than for Microsoft to leave him and Yahoo alone. Now that Yahoo's CEO has his wish, he may be suffering a case of non-seller's remorse. more "Super-spike" could lift oil to $200: Goldman 6 May 08, 12:07 ET Reuters - Oil could shoot up to $200 within the next two years as part of a "super-spike" driven by poor growth in oil supplies, investment bank Goldman Sachs said in a research note. more Stocks fall as oil prices soar to $122 a barrel 6 May 08, 11:52 ET AP - Stocks declined Tuesday for a second straight session, with investors tentative as crude oil surged to another record high and more companies prepared to release quarterly earnings reports. more AT&T Cell-Phone TV Service Runs on its Own Network 6 May 08, 10:24 ET NewsFactor - If being away from your television leaves you nervous about missing the latest wisdom from Anderson Cooper or SpongeBob SquarePants, AT has some reassuring news for you. Its AT Mobile TV will provide round-the-clock access to popular TV fare on your cell phone. more Wachovia restates, nearly doubles loss 6 May 08, 09:59 ET Reuters - Wachovia Corp , the fourth-largest U.S. bank, on Tuesday nearly doubled its previously reported first-quarter loss because of a write-down on three contracts in a bank-owned life insurance portfolio. more Molson Coors profit tops view 6 May 08, 09:48 ET Reuters - Molson Coors Brewing Co posted a sharp increase in quarterly profit on Tuesday, helped by a lower tax rate and the weak U.S. dollar, topping Wall Street estimates and sending shares up nearly 6 percent. more D.R. Horton posts quarterly loss 6 May 08, 08:41 ET Reuters - D.R. Horton Inc , the largest U.S. home builder, posted a large quarterly loss on Tuesday after a $834.1 million charge for the lower value of land and inventory of unsold homes and aggressive price cuts to move unsold homes. more Fannie posts loss, to cut payout 6 May 08, 08:33 ET Reuters - Fannie Mae , the largest provider of U.S. home financing, on Tuesday posted its third straight quarterly loss as the U.S. housing crisis took another turn for the worse during the first quarter of 2008. more Prosecutors probe Alstom for contract corruption 6 May 08, 08:20 ET AFP - French prosecutors suspect engineering giant Alstom, builder of power stations and high-speed trains, of bribing foreign officials to win contracts, a judicial source said Tuesday. more Futures dip as oil tops $120 6 May 08, 08:16 ET Reuters - Stock index futures fell on Tuesday as oil prices hovered around $120, keeping pressure on consumers and energy-dependent industries, and Fannie Mae reported a big loss, underscoring the troubles in the U.S. housing and credit markets. more Fannie Mae loses $2.2B in 1Q; warns of "severe weakness" 6 May 08, 08:14 ET AP - Fannie Mae said Tuesday it lost $2.2 billion in the first quarter as home-loan delinquencies mounted and home prices declined more sharply than the mortgage finance company had expected. more Will BofA Bail on Countrywide? 6 May 08, 08:08 ET BusinessWeek Online - Could Bank of America act like a troubled homeowner and hand the keys to Countrywide Financial back to the lender? That's the speculation on Wall Street as Countrywide shares fell 10.4%, to 5.36, on May 5. That's well below the $7-a-share price indicated when Bank of America agreed in January to buy the nation's largest mortgage company for $4.1 billion. more Cutting Costs with Online Coupon Sites 6 May 08, 08:08 ET BusinessWeek Online - Coupons are making a comeback. In the face of rising food prices and a slowing economy, consumers are clipping coupons once again. Only, they don't need scissors and a local newspaper so much as a computer, printer, and maybe a mobile phone. more Will a Stranger Lend You $25,000? 6 May 08, 08:08 ET BusinessWeek Online - Chris Lindgren needed money. His textbook price comparison site, Direct Textbook, depends mainly on the referral fees it gets when college kids buy books through it. But this past August, the four-year-old business had already used up most of its cash on online advertising, with weeks of the back-to-school rush season still ahead. Lindgren wanted to buy more ads, but revenue from previous sales wouldn't come in for months. His profitable three-employee company had tapped out two lines of credit worth $60,000 from banks in Salem, Ore. ... more Homebuilders: Waiting for the Thaw 6 May 08, 08:08 ET BusinessWeek Online - With home prices continuing to drop and the pace of home sales slowing further, nobody has been looking for encouraging results from homebuilders. more UBS reports 1Q net loss $11 billion 6 May 08, 07:48 ET AP - Swiss bank UBS, hard hit by the U.S. subprime crisis, reported a first-quarter loss of $10.97 billion and said Tuesday it will slash almost 7 percent of its work force. more D.R. Horton swings to 2Q loss on impairment charges 6 May 08, 07:24 ET AP - D.R. Horton says it's swung to a loss for its fiscal second quarter, as a sustained housing slump forced the nation's largest homebuilder to take hefty charges to write down the value of its inventory. more NYSE Euronext profit triples on higher volumes 6 May 08, 07:06 ET AP - NYSE Euronext said Tuesday its profit more than tripled in the first quarter, reflecting the addition of Euronext NV's activities to those of the parent of the New York Stock Exchange last year and higher trading volumes. more Oil hits record $120.93 on fear of tight supply 6 May 08, 06:43 ET AP - Oil futures rose to an all-time high near $121 a barrel Tuesday with new concerns about a threat to supply and a weaker dollar. more UBS to slash 5,500 jobs as it sells down subprime 6 May 08, 05:18 ET Reuters - UBS will cut 5,500 jobs in one the biggest purges seen so far in the financial markets crisis, as the Swiss wealth-management titan slashes at the investment bank that plunged it into turmoil. more Yahoo CEO says still open to Microsoft talks 6 May 08, 05:07 ET Reuters - Yahoo Inc chief Jerry Yang was set to meet staff on Tuesday after signaling a more open stance towards a takeover by Microsoft Corp. more U.S. crude oil sets new record above $120 a barrel 6 May 08, 04:11 ET Reuters - U.S. crude oil futures rose to a new record high for a second day on Tuesday, with crude oil futures for June delivery touching a record of $120.70 a barrel. more Teva first-quarter net profit down on CoGenesys charge 6 May 08, 03:29 ET Reuters - Teva Pharmaceutical Industries Ltd , the world's largest generic drugmaker, on Tuesday reported a drop in its first-quarter net profit, weighed by a charge tied to its acquisition of CoGenesys. more Canadian and U.S. Dermatologists Launch New Cosmetic Breakthrough 6 May 08, 03:05 ET PRWeb - In the fight Against Acne/Rosacea /Psoriasis/ Eczema more Market Segmentation Research from Atlanta's Vantedge Group Reveals New Opportunity in Residential Lending 6 May 08, 03:01 ET PRWeb - Research indicates areas for growth in mortgage industry for South Carolina lender ArborOne. more CORRECTION: UBS to cut headcount by 5,500 in subprime wake 6 May 08, 01:42 ET Reuters - (Corrects last paragraph to show bank had net new money inflows, not outflows, in the quarter) more Tropicana Entertainment files for Chapter 11 protection 6 May 08, 00:51 ET AP - The owner of Tropicana casinos in Atlantic City and Las Vegas filed for Chapter 11 bankruptcy protection Monday, nearly five months after New Jersey regulators stripped the Tropicana Casino and Resort of its license. more

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