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UBS set to face stormy AGM with new chairman as whipping boy 22 Apr 08, 22:56 ET AFP - Switzerland's biggest bank UBS, the worst hit of its global banking peers by the US subprime home loan crisis, faces a stormy shareholders' meeting on Wednesday when a new chairman could emerge as the whipping boy. more Yahoo overshadows Microsoft earnings, forecast 22 Apr 08, 22:02 ET Reuters - Microsoft Corp is expected to provide a first glimpse at its projections for its coming year, but news of any progress on a possible deal with Yahoo Inc could overshadow even an upbeat outlook. more Films said to be getting work guarantees from actors guild 22 Apr 08, 21:33 ET AP - The Screen Actors Guild has reached separate deals that will allow the completion of 95 independent movie productions if actors go on strike, a person with the union said Tuesday. more Yahoo quarterly results improve; Microsoft shrugs 22 Apr 08, 20:47 ET Reuters - Yahoo Inc posted a better-than-expected quarterly profit on Tuesday, but failed to deliver the stand-out results its shareholders hoped might force Microsoft Corp to raise its takeover bid. more Government to release proposed fuel economy rules 22 Apr 08, 20:31 ET AP - The next generation of new cars and trucks will need to meet a fleet average of 31.6 miles per gallon by 2015, the Bush administration proposed Tuesday, seeking more fuel-efficient vehicles in the face of high gasoline prices and concerns over global warming. more Existing home sales fall in March 22 Apr 08, 20:11 ET AP - Sales of existing homes fell in March, the seventh drop in the past eight months, as the spring sales season got off to a rocky start. more Yum's China growth pushes 1st-qtr profit up 22 Apr 08, 18:16 ET Reuters - Yum Brands Inc, operator of the KFC, Taco Bell and Pizza Hut fast-food chains, posted a bigger-than-expected jump in quarterly profit on Tuesday, fueled by growth in China, and raised its full-year forecast. more Yahoo results better, not seen moving Microsoft 22 Apr 08, 17:57 ET Reuters - Yahoo Inc posted a better-than-expected quarterly profit on Tuesday but failed to do well enough to convince many on Wall Street that Microsoft Corp needs to raise its takeover bid. more Alaska rejects final Exxon plan for giant gas field 22 Apr 08, 17:39 ET Reuters - Alaska on Tuesday rejected Exxon Mobil Corp's latest plan for the giant Point Thomson natural gas field on the North Slope despite warnings from the industry that the move that will deal another lengthy setback to the development of an Alaska gas pipeline. more Yahoo adjusted profit tops Wall St. average 22 Apr 08, 17:01 ET Reuters - Yahoo Inc on Tuesday posted quarterly profit, excluding one-time items, at the top end of Wall Street's range of lowered forecasts, as it sought to bolster its case that Microsoft Corp's takeover bid undervalues it. more Yahoo 1Q profit jumps to top analyst view on sales growth 22 Apr 08, 16:53 ET AP - Yahoo's first-quarter earnings more than tripled, helped by rising marketing services revenue, to beat analyst estimates. more Sony Again Delays PS3 Home Online Community 22 Apr 08, 16:46 ET NewsFactor - The launch of Sony's Home 3D online community for the PlayStation 3 is being delayed again, this time until autumn. Last year, Home was also pushed back, with a now-postponed launch set for early in 2008. As with last year's delay, Sony executives said the reason is to improve the quality of service. more Departing chairman laments failure to 'Republic of Samsung' 22 Apr 08, 15:16 ET AP - More than anything, Samsung Chairman Lee Kun-hee craved respect for the conglomerate his father founded 70 years ago. more Intel Embraces 45nm with Price Cuts on Older Processors 22 Apr 08, 14:41 ET NewsFactor - Intel has substantially reduced prices on some of its dual- and quad-core processors -- in some cases as much as 50 percent. However, industry observers note that most of the discounted products were fabricated using 65-nanometer technology. more Wall Street Journal managing editor quits 22 Apr 08, 14:40 ET Reuters - The Wall Street Journal's managing editor is resigning, Dow Jones & Co Inc said on Tuesday, setting the stage for News Corp (NWSa.N) chief Rupert Murdoch to further consolidate his power in the business paper's newsroom. more Magic Falls Rafting Company Marks 20th Season White Water Rafting in Maine 22 Apr 08, 14:23 ET PRWeb - Maine whitewater outfitter grows from one raft operation to adventure resort with rafting, inflatable kayaking, rock climbing, a lodge, inn and campground in twenty years. more Ten Community Colleges Select Jenzabar’s Total Campus Management™ Solutions 22 Apr 08, 14:16 ET PRWeb - Jenzabar, Inc. announced today that ten community colleges have selected Jenzabar’s Total Campus Management (TCM) solutions, fully-integrated systems that support administrative offices across the campus. more IEF expresses 'concern' over high oil prices 22 Apr 08, 13:48 ET AFP - Ministers from 74 countries attending the International Energy Forum here expressed "concern" Tuesday at high oil prices, which topped a record 119 dollars. more Dollar hit by US housing woes, plunges to record low vs euro 22 Apr 08, 13:15 ET AFP - The dollar plunged to a record low Tuesday against the euro, which broke through the 1.60-dollar barrier, as the unit was hit by dismal US housing news and fresh fears over the health of the US economy. more Oil must stay high if world to have enough supply 22 Apr 08, 12:34 ET Reuters - Energy producers cannot halt a rally that has driven oil to nearly $120 a barrel and the world might have to live with even higher prices if it wants supplies for the future, exporters said on Tuesday. more United Airlines shares plummet on 1Q loss, planned cuts 22 Apr 08, 11:37 ET AP - United Airlines parent UAL Corp. lost more than a third of its market value Tuesday after reporting a $537 million first-quarter loss due to soaring fuel costs and saying it is cutting flights and 1,100 jobs. more Dollar slumps to new record low versus euro 22 Apr 08, 11:36 ET AP - The euro roared to another record high Tuesday, briefly crossing $1.60 in late afternoon trading in Europe after a pair of European Central Bank governors said high inflation may cause the bank to raise interest rates. more Existing home sales fall 2 percent 22 Apr 08, 11:30 ET Reuters - The pace of U.S. existing home sales fell in March while inventories swelled and prices slid, a trade group said on Tuesday in a report that showed the U.S. housing market continues to struggle. more Credit Suisse cuts 500 more investment bank jobs 22 Apr 08, 11:16 ET Reuters - Credit Suisse Group is axing about 500 more jobs across its investment banking and shared services divisions, the Swiss bank said on Tuesday. more Alitalia flies into unknown as bankruptcy looms 22 Apr 08, 11:05 ET AFP - Alitalia flew into the unknown on Tuesday after Air France-KLM withdrew its takeover offer, leaving Italy's long-struggling flag carrier with little choice but to contemplate bankruptcy or receivership. more The worst is over for stocks: S&P's Stovall 22 Apr 08, 11:04 ET Reuters - Stocks have seen the worst of the declines and are poised to head higher boosted by a spate of interest rate cuts by the Federal Reserve and spending linked to the government's economic stimulus package, a leading equity strategist said on Tuesday. more Euro hits record high of over $1.60 after US housing data 22 Apr 08, 10:57 ET AFP - The euro surged to a record 1.6002 dollars here Tuesday after weak US housing market data added to fears over the health of the US economy. more Soaring fuel costs pummel airlines 22 Apr 08, 10:48 ET Reuters - Record high fuel prices led three of the largest U.S. airlines to report hefty quarterly losses on Tuesday, with UAL Corp , parent of United Airlines, posting its largest loss since it completed a Chapter 11 restructuring two years ago. more Stocks decline as Street examines quarterly reports 22 Apr 08, 10:45 ET AP - Wall Street pulled back Tuesday as investors appeared largely unimpressed by a rush of quarterly results from bellwethers like AT Corp., DuPont and McDonald's Corp. Oil prices also touched fresh highs, raising some concerns about inflation. more McDonald's 1Q profit rises on strong international sales 22 Apr 08, 10:14 ET AP - McDonald's Corp. said Tuesday that its first-quarter profit rose 24 percent as the fast food company benefited from the weak U.S. dollar and strong global sales. more AT&T profit rises on wireless sales 22 Apr 08, 09:59 ET Reuters - AT Inc on Tuesday reported a higher quarterly profit on wireless growth, but a fall in traditional phone subscriptions accelerated and some analysts said the top U.S. phone company may be hurt by a weaker economy. more AT&T 1Q profit up 22 percent on strong wireless growth 22 Apr 08, 09:44 ET AP - AT said Tuesday its first-quarter earnings rose 22 percent as its wireless division saw continued strong growth and the enterprise services division reversed a declining trend. more Yahoo results won't affect value for Microsoft: Ballmer 22 Apr 08, 09:42 ET Reuters - Yahoo's results due later on Tuesday will not affect the company's value to Microsoft , which has offered to buy it for $44.6 billion, Microsoft Chief Executive Steve Ballmer said. more Wyeth profit hurt by generic 22 Apr 08, 08:52 ET Reuters - Wyeth posted slightly lower first-quarter earnings on Tuesday, hurt by the recent launch of generic forms of its Protonix ulcer drug, but surprisingly strong sales of other medicines enabled the company to beat Wall Street profit forecasts. more Soaring fuel costs hurt UAL profit 22 Apr 08, 08:41 ET Reuters - UAL Corp , parent of United Airlines, said on Tuesday its quarterly net loss more than tripled on soaring fuel costs, and the company announced a new cost savings target and job cuts to offset that expense. more McDonald's profit beats estimates 22 Apr 08, 08:27 ET Reuters - McDonald's Corp on Tuesday posted higher-than-expected quarterly profit on Tuesday, boosted by strong overseas sales. more JetBlue Airways posts narrower loss 22 Apr 08, 08:24 ET Reuters - JetBlue Airways Corp posted a narrower-than-expected loss on Tuesday as stronger revenue partially offset skyrocketing fuel costs. more Taking Advantage of a Down Market 22 Apr 08, 08:08 ET BusinessWeek Online - The U.S. has officially entered a recession. What's the best thing to do when times get tough? Hunker down, right? Wrong. I spent the last five years studying the financial performance of more than 7,000 growth companies over a 22-year period for my recent book, The Breakthrough Company (BusinessWeek.com, 1/14/08). I learned that companies that achieve breakthrough performance don't batten down the hatches during tough times -- they look for the opportunities that tough times inevitably bring. ... more The Turmoil from High Commodity Prices 22 Apr 08, 08:08 ET BusinessWeek Online - In the world of higher commodity prices, corporate winners and losers fall into two distinct camps. Commodity producers are big beneficiaries, their business outlooks generally strong and their ratings stable, as scarcity and worldwide demand affect everything from corn to copper. But companies that rely heavily on grain, oil, or other commodities to make finished goods face increasing costs and thus weaker profits if the slowing U.S. economy makes raising prices more difficult. more Oil: How High from Here? 22 Apr 08, 08:08 ET BusinessWeek Online - The news from the trading pits is, well, no news at all: Oil prices are again breaking records. On Apr. 21, the price of a barrel of the benchmark West Texas Intermediate crude for May delivery hit $117.76 on the New York Mercantile Exchange -- an all-time high -- before settling at $117.46. Oil prices are up 23% so far this year, and 16% in April alone. more Kimberly-Clark 1Q profit falls 3 percent on charges, costs 22 Apr 08, 08:00 ET AP - Kimberly-Clark says its profit fell 3 percent in its first quarter due mainly to charges and higher costs. more European stocks advance on surging oil prices 22 Apr 08, 07:57 ET AFP - European equities rose on Tuesday, with the energy sector boosted by record high oil prices, but banks fell out of favour after Britain's RBS announced a record-breaking rights issue. more CIT sells $1.5 billion of stock 22 Apr 08, 07:45 ET Reuters - CIT Group Inc , a commercial finance company trying to raise cash amid the global credit crisis, on Tuesday said it sold $1.5 billion of common stock and convertible preferred stock, 50 percent more than planned, in offerings that dilute existing shareholders. more London summit to tackle food price 'tsunami' 22 Apr 08, 07:10 ET AFP - The UN food agency said the world faced a "silent tsunami" of soaring food prices ahead of a summit here Tuesday aimed at developing a plan to tackle a potential hunger crisis. more Stock futures point to flat open; AT&T, Yahoo report 22 Apr 08, 06:47 ET Reuters - Stock futures traded flat early on Tuesday, pointing to a steady start on Wall Street in a session packed with earnings from some of the largest blue-chips such as AT , Yahoo and McDonalds. more DuPont first-quarter profit climbs 22 Apr 08, 06:26 ET Reuters - Chemical company DuPont Co said on Tuesday that first-quarter earnings rose, spurred by strong results from its agricultural business. more RBS exposure: another $11.7B in losses tied to mortgages 22 Apr 08, 06:20 ET AP - Royal Bank of Scotland said Tuesday it had suffered $11.7 billion in additional losses and was forced to raise $23.9 billion in new capital to cover exposure to toxic U.S. loans. more RBS unveils rights issue after fresh hit 22 Apr 08, 06:08 ET Reuters - Royal Bank of Scotland unveiled a record 12 billion pound ($24 billion) rights issue to cover a potential 5.9 billion pound writedown on the value of toxic assets and help rebuild a stretched balance sheet. more Citigroup officials look to HP for advice: report 22 Apr 08, 05:45 ET Reuters - Citigroup Inc is seeking advice from Hewlett-Packard on how the ailing bank can improve its fortunes, drawing on the IT firm's encounter with similar trouble in the past, the Financial Times reported on Tuesday. more Oil prices hit 118 dollars for first time 22 Apr 08, 05:30 ET AFP - The price of New York crude oil surged past 118 dollars per barrel for the first time on Tuesday, lifted by unrest in key producer Nigeria and the weak dollar, traders said. more Samsung chief stands down; sorry for tax scandal 22 Apr 08, 03:31 ET Reuters - South Korea's most powerful businessman said on Tuesday he would step down after 20 years at the head of the giant Samsung Group following his indictment last week for tax evasion and breach of trust. more Intrepid Potash IPO raises $960 million 22 Apr 08, 01:32 ET Reuters - Intrepid Potash Inc, a producer of crop nutrients, on Monday raised $960 million with an initial public offering of shares that priced above expectations. more With gas hitting record highs, drivers feeling squeezed 22 Apr 08, 00:38 ET AP - Cabbies here complain their take-home pay is thinner than it used to be. Trucking companies across the country are making drivers slow down to conserve fuel. Filling station owners plead that really, really, the skyrocketing prices aren't their fault. more Wall Street Journal top editor Brauchli stepping down 22 Apr 08, 00:30 ET AP - The top editor of The Wall Street Journal is planning to step down after less than a year on the job and four months after the paper was taken over by Rupert Murdoch's News Corp., according to a person familiar with the situation. more Oil steadies near overnight record 22 Apr 08, 00:14 ET AP - Oil prices steadied Tuesday in Asia near the previous session's record close above $117 a barrel, supported by concerns about instability in crude supplies from some producers. more

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