Business News

Wall Street surges higher after upbeat earnings reports
Oil futures jump to record over ${dlvDollarSign}115 on supply concerns
IBM's Q1 earnings jump 26 pct, company increases outlook
Sallie Mae swings to ${dlvDollarSign}104 million loss in 1Q
March consumer prices up, reflecting higher energy prices
JPMorgan, Wells Fargo profits decline, but beat forecasts
EBay CEO sees more change ahead after profitable 1st quarter
Sallie Mae posts 1st-quarter net loss
Tesco profits rise, as British supermarket enjoys solid US debut
--> Wall Street surges higher after upbeat earnings reports
Wed, 16 Apr 2008 02:54 pm PDT
AP - Wall Street rallied Wednesday after better-than-expected quarterly results from
JPMorganChase and two other Dow Jones industrials raised investors' hopes that companiesand the
economy are indeed recovering from the protracted global credit crisis. TheDow rose more than 250
points as investors shrugged off any concerns about oil passing${dlvDollarSign}115 a barrel for
the first time. Full Story Top
Oil futures jump to record over ${dlvDollarSign}115 on supply concerns
Wed, 16 Apr 2008 01:35 pm PDT
AP - Crude futures made their first foray past ${dlvDollarSign}115 Wednesday, propelled to a
new recordby concerns about how much gas will be available during the peak summer months. Full
Story Top
IBM's Q1 earnings jump 26 pct, company increases outlook
Wed, 16 Apr 2008 02:42 pm PDT
AP - Quarterly profits at IBM Corp. leaped 26 percent and blew past analysts'
forecastsWednesday, with U.S. operations showing surprising strength given the faltering
economy.The technology company also increased its earnings forecast for the year. Full Story
Top
Sallie Mae swings to ${dlvDollarSign}104 million loss in 1Q
Wed, 16 Apr 2008 04:24 pm PDT
AP - Sallie Mae lost ${dlvDollarSign}104 million in the first quarter and fell short of Wall
Street'sexpectations amid a severe disruption in the troubled student loan industry. Full Story
Top
March consumer prices up, reflecting higher energy prices
Wed, 16 Apr 2008 02:49 pm PDT
AP - Inflation rose again last month, reflecting big jumps in the cost of energy and
airlinetickets. And the forecast is for even bigger energy-related increases to come, includingthe
possibility of ${dlvDollarSign}4 per gallon gasoline by Memorial Day. Full Story Top
JPMorgan, Wells Fargo profits decline, but beat forecasts
Wed, 16 Apr 2008 02:06 pm PDT
AP - JPMorgan Chase & Co., which recently scooped up the toppling investment bankBear
Stearns Cos., said Wednesday that problems with mortgages and other loans cutits own first-quarter
profit in half. Full Story Top
EBay CEO sees more change ahead after profitable 1st quarter
Wed, 16 Apr 2008 09:03 pm PDT
AP - More change is in store at eBay, its CEO said after the online auction company
reportedits profit climbed 22 percent in the first quarter despite anger from its sellersover fee
and feedback adjustments. Full Story Top
Sallie Mae posts 1st-quarter net loss
Wed, 16 Apr 2008 05:16 pm PDT
Reuters - Sallie Mae (SLM.N), the largest U.S. student loan company, posted a
first-quarternet loss on Wednesday and said it cannot continue lending at a profit amid the
creditcrunch. Full Story Top
Tesco profits rise, as British supermarket enjoys solid US debut
Tue, 15 Apr 2008 03:44 am PDT
AFP - Britain's biggest retailer Tesco said Tuesday that net profit jumped by around12
percent in 2007-2008, as it also announced a solid start to its new US businessand plans to create
30,000 jobs worldwide. Full Story Top

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