First-quarter growth stronger than forecast
April 30, 2008 08:35 AM ET
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WASHINGTON (Reuters) - The economy grew at a slightly stronger
pace than forecast as 2008 began, helped by inventory-building
that tempered a steadily deteriorating housing sector and less
vigorous consumer spending.
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GM posts quarterly loss on strike, charges
April 30, 2008 08:22 AM ET
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DETROIT (Reuters) - General Motors Corp on Wednesday posted
a first-quarter loss due to a costly supplier strike, waning
demand for its most profitable vehicles and charges related
to struggling former subsidiaries, although results beat Wall
Street expectations.
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Fed expected to lower rates, may signal pause
April 30, 2008 05:45 AM ET
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WASHINGTON (Reuters) - The Federal Reserve is expected to cut
interest rates by a modest quarter percentage point on Wednesday
and may suggest the rate-cutting cycle it kicked off last fall
has reached an end.
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Futures flat ahead of Fed; Citigroup in focus
April 30, 2008 06:12 AM ET
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PARIS (Reuters) - Stock index futures were barely changed on
Wednesday, as Wall Street investors brace for an interest rate
decision by the Federal Reserve that could mark the end of a
cutting cycle.
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Britain's BG bids $12 bln for Australia's Origin
April 30, 2008 07:46 AM ET
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PERTH/LONDON (Reuters) - UK gas producer BG Group Plc has made
a $12 billion bid approach to Origin Energy Ltd, seeking to
bolster its position in the fast-growing Asia-Pacific gas market
by securing the Australian utility's gas reserves.
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Microsoft eyes Yahoo retention plan: court papers
April 30, 2008 02:40 AM ET
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SAN FRANCISCO (Reuters) - Microsoft Corp has considered earmarking
$1.5 billion to retain Yahoo Inc employees if it acquires the
company, according to court documents in a shareholder suit
filed against Yahoo.
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P&G quarterly profit rises, helped by cost controls
April 30, 2008 07:48 AM ET
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NEW YORK (Reuters) - Procter & Gamble Co on Wednesday posted
higher quarterly profit as cost controls helped offset soaring
prices for oil and other commodities.
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Kellogg earnings beat estimates
April 30, 2008 08:11 AM ET
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CHICAGO (Reuters) - Kellogg Co , the world's largest breakfast
cereal maker, on Wednesday, posted higher-than expected profits
as price increases helped offset soaring commodity costs.
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Time Warner plans cable services split
April 30, 2008 07:29 AM ET
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NEW YORK (Reuters) - Time Warner Inc plans to split off its
cable services division to lift its sluggish stock price as
it also reported quarterly earnings on Wednesday that fell just
short of Wall Street's expectations.
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IAC quarterly profit falls
April 30, 2008 08:08 AM ET
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NEW YORK (Reuters) - IAC/InterActiveCorp , which plans to spin
off four of its largest units, said on Wednesday its quarterly
profit fell from a year ago, hurt by declines at its catalog
business and a loss at online mortgage site LendingTree.
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