U.S. first-quarter GDP growth revised to +0.9 pct
May 29, 2008 08:38 AM ET
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WASHINGTON (Reuters)- The U.S. economy grew at an upwardly revised
0.9 percent in the first quarter, slightly better than previously
thought because of lower demand for foreign goods and services
and a rise in investment in non-residential structures, the
Commerce Department said on Thursday.
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Costco's profit up 32 percent, above expectations
May 29, 2008 07:31 AM ET
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NEW YORK (Reuters) - Costco Wholesale Corp , the biggest U.S.
warehouse club operator, said on Thursday its quarterly profit
jumped 32 percent, beating expectations, as shoppers flocked
to its stores for discounts on food and gasoline.
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Jobless claims rise in latest week
May 29, 2008 08:36 AM ET
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WASHINGTON (Reuters) - The number of U.S. workers filing new
claims for jobless benefits rose slightly more than expected
last week, the government said on Thursday.
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Sears Holdings posts unexpected loss on markdowns
May 29, 2008 07:53 AM ET
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ATLANTA (Reuters) - Retailer Sears Holdings Corp reported an
unexpected first-quarter loss on Thursday as sales fell at its
Kmart and Sears stores and markdowns hurt margins, sending its
shares down about 4 percent before the opening bell.
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Heinz raises earnings growth forecast
May 29, 2008 08:01 AM ET
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CHICAGO (Reuters) - H.J. Heinz Co on Thursday raised its forecast
for annual earnings growth, with health and wellness products
and emerging markets helping fuel the growth.
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Futures flat on mixed retail results; GDP eyed
May 29, 2008 07:47 AM ET
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NEW YORK (Reuters) - Stock index futures were little changed
on Thursday, pointing to a pause after a two-day rebound, as
retailers reported mixed results and investors awaited data
on economic growth.
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GM preparing further restructuring: report
May 29, 2008 08:34 AM ET
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NEW YORK (Reuters) - General Motors Corp is preparing to announce
further restructuring to cut costs and conserve cash amid a
downturn in U.S. truck sales, the Wall Street Journal reported
on Thursday, citing people familiar with the matter.
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Permira not interested in RWE: source
May 29, 2008 08:29 AM ET
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FRANKFURT (Reuters) - Shares in RWE AG rose 2 percent on Thursday
and traders cited market talk that Permira , Blackstone and
Warren Buffett were interested in the German utility.
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Yahoo says Microsoft no longer keen to merge
May 29, 2008 04:12 AM ET
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CARLSBAD, California (Reuters) - Yahoo Inc Chief Executive Jerry
Yang said on Wednesday a potential deal with Microsoft has tremendous
power, but the software giant appears no longer interested in
a full merger.
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Anheuser-Busch/Inbev about value, not family: report
May 29, 2008 03:18 AM ET
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NEW YORK (Reuters) - A member of the founding family of Anheuser-Busch
Cos said any talks with Belgian brewer InBev NV should be
based on shareholder value rather than the Busch family's legacy,
the Wall Street Journal reported on Thursday.
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