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Oil below $118 on dollar recovery, U.S. crude stocks 23 Apr 08, 23:04 ET Reuters - Oil slipped below $118 a barrel on Thursday, as a stronger dollar triggered selling and traders focused on a build in U.S. crude stockpiles. more 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 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 Sam's Club, Costco limit rice purchases 23 Apr 08, 18:25 ET AP - The two biggest U.S. warehouse retail chains are limiting how much rice customers can buy because of what Sam's Club, a division of Wal-Mart Stores Inc., called on Wednesday "recent supply and demand trends." 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 Pulte 1Q loss widens on hefty inventory, land charges 23 Apr 08, 18:06 ET AP - Pulte Homes Inc. says its first-quarter loss widened after it took a hefty charge amid a worsening housing market. more Amazon shares fall on crimped margin view for 2008 23 Apr 08, 17:24 ET Reuters - Amazon.com Inc forecast on Wednesday that profit margins would narrow in 2008, sending its shares down 5 percent, even as first-quarter net income and revenue beat analyst estimates and the company raised its 2008 sales outlook. 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 Merrill seen laying off some energy traders: sources 23 Apr 08, 13:58 ET Reuters - Merrill Lynch is expected to lay off several U.S. and European energy traders and back-office staff, trading sources close to the U.S. investment bank's operations said on Wednesday. more Live Mesh Will Help You Connect all Your Devices 23 Apr 08, 12:24 ET NewsFactor - Too many devices in your life? Microsoft wants to help you simplify, and on Wednesday it launched a limited technology preview of Live Mesh. 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 Merrill Lynch begins warning UK staff of job losses 23 Apr 08, 11:28 ET Reuters - Merrill Lynch has begun informing staff on its London fixed income, commodities and currency trading desks they may lose their jobs, as it begins implementing a plan to cut 4,000 jobs globally, recruitment industry sources said on Wednesday. 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 Toyota takes 1Q world sales lead from General Motors 23 Apr 08, 10:24 ET AP - Toyota has taken the global automotive sales lead from General Motors, selling 2.41 million vehicles to GM's 2.25 million over the first three months of the year. 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 GE's Immelt says capital markets have improved 23 Apr 08, 09:49 ET Reuters - General Electric Co CEO 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. more Stocks open higher following pullback, uneven earnings 23 Apr 08, 09:40 ET AP - Stocks are modestly higher in the first minutes of trading as investors sift through more earnings reports and take in the news that Liberty Mutual plans to acquire fellow insurer Safeco. 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 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 Stock futures flat as Boeing offsets banks 23 Apr 08, 08:34 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 Schering-Plough 1Q profit drops 48 percent on buyout costs 23 Apr 08, 08:29 ET AP - Schering-Plough Corp. on Wednesday reported a 48 percent plunge in first-quarter net income, due to increased spending on research, higher overhead and costs related to an acquisition - its biggest ever - in the prior quarter. 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 Ambac swings to 1Q loss as it takes $3.06 billion in charges 23 Apr 08, 08:22 ET AP - Ambac Financial Group Inc. posted another steep loss for the first quarter on Wednesday as turmoil in the bond market pummeled the value of many of the bond insurer's deals. Shares fell 21 percent in premarket trading. more UPS 1Q profit, revenues up, but lowers outlook for the year 23 Apr 08, 08:21 ET AP - UPS Inc., the world's largest shipping carrier, said Wednesday its profit rose 7.5 percent in the first quarter, though it was affected by the weakening U.S. economy. The company lowered its earnings guidance for the year. more Delta profit takes hit as fuel costs soar 23 Apr 08, 08:18 ET Reuters - Delta Air Lines Inc , the No. 3 U.S. carrier, posted a first-quarter loss on Wednesday as high fuel costs and a weakening economy roil the industry. more Oil prices recede after surging close to $120 23 Apr 08, 08:17 ET AFP - Record-breaking oil prices fell on Wednesday after spiking near 120 dollars per barrel, as international concern mounted over soaring energy costs and the world's top producer appealed for calm. more WellPoint cuts 2008 forecast after profit slumps 23 Apr 08, 08:10 ET Reuters - WellPoint Inc said on Wednesday first-quarter profit slumped a steeper-than-expected 25 percent on high medical costs, mainly in its Medicare plans for the elderly. The health insurer also further cut its 2008 forecast. 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 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 Ambac posts steep loss 23 Apr 08, 07:55 ET Reuters - Ambac Financial Group Inc , a bond insurer that struggled to raise capital earlier this year, posted a first-quarter loss on Wednesday after losing $1.73 billion on credit derivative exposures. 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 Oil below $118 ahead of U.S. supply data 23 Apr 08, 07:48 ET Reuters - Oil eased on Wednesday from a record high of nearly $120 a barrel in the previous session, as traders anticipated a rise in crude oil stocks in the world's top energy consumer the United States. more Boeing posts better-than-expected profit 23 Apr 08, 07:41 ET Reuters - Boeing Co said on Wednesday first-quarter profit rose, helped by higher deliveries of its commercial planes. more Belgian airline to cut costs, emissions by flying slower 23 Apr 08, 07:07 ET AFP - Belgium's Brussels Airlines announced plans on Wednesday to fractionally slow the speed of its flights in an effort to cut fuel costs and reduce emissions of the greenhouse gases which contributed to global warming. 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 Berlusconi vows to rescue Alitalia within weeks 23 Apr 08, 06:45 ET AFP - Prime minister-elect Silvio Berlusconi promised on Wednesday to put together an Italian consortium to rescue the national airline Alitalia within five weeks, but warned of big job cuts. more U.S. rice jumps to record high on supply fears 23 Apr 08, 06:18 ET Reuters - U.S. rice futures rose to a fresh all-time high on Wednesday on worries about supply shortages which have triggered political unrest and export restrictions designed to protect dwindling domestic stocks. 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 Malaysia scraps Singapore bullet train 23 Apr 08, 02:34 ET AP - Malaysia has scrapped plans for a multi-billion-dollar high-speed bullet train connecting Kuala Lumpur and Singapore because of high costs, a government official said Wednesday. 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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