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Archive for May 1st, 2008ExxonMobil profit up 17 percent, but short of forecastsPosted by UK Economy News
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1May 08 ExxonMobil said Thursday its first-quarter profit rose 17 percent from a year ago to 10.89 billion dollars, but the earnings were below Wall Street forecasts.
Read full story 23 percent slide for Chrysler US sales in AprilPosted by UK Economy News
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1May 08 Chrysler LLC reported Thursday a 23 percent slump in April sales compared with a year ago, hurt by consumer uncertainty and weak economic conditions.
Read full story Comments Off Best stocks in April mostly from developed worldPosted by UK Economy News
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1May 08 The biggest-gaining stocks in April were mostly from developed countries, according to an analysis of stocks in Russell Investment Group's global indexes, released on Thursday.
Read full story Comments Off Oil prices slip as dollar finds footingPosted by UK Economy News
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1May 08 World oil prices slipped Thursday as the dollar found new strength against amid market expectations that the US Federal Reserve has paused its aggressive interest rate-cutting campaign.
Read full story Comments Off Thomson Reuters posts profit and raises savings goalPosted by UK Economy News
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1May 08 Global news and information company Thomson Reuters Corp forecast 2008 revenue growth of 6 to 8 percent and lifted its estimate of merger-related cost savings, sending its shares up about 3 percent on Thursday.
Read full story Comments Off Gold drops to 4-month low as dollar jumpsPosted by UK Economy News
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1May 08 Gold ended lower after hitting a four-month low below $850 an ounce on Thursday, as a sharp rise in the dollar lowered gold's appeal as an alternative investment and triggered a sell-off in precious metals.
Read full story Comments Off GM sales down 16 pct in AprilPosted by UK Economy News
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1May 08 General Motors Corporation said Thursday its US sales slid 16 percent in April from a year ago on weak demand for trucks amid soaring gasoline prices and a supplier strike that slashed fleet deliveries.
Read full story Comments Off AT&T to broadcast television shows to mobile phonesPosted by UK Economy News
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1May 08 US telecom giant AT&T announced Thursday it is launching a mobile telephone television service in a partnership with MediaFLO USA.
Read full story Comments Off Thomson Reuters revenue climbs 15 percentPosted by UK Economy News
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1May 08 Thomson Reuters, a new leading provider of financial data, said Thursday that its revenue and profit rose in the first quarter, sending the group's share price soaring in London.
Read full story Comments Off Ford sales skid 12.2 percent as customers shun big trucksPosted by UK Economy News
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1May 08 Ford Motor Co. said Thursday its US sales slid 12.2 percent in April from a year earlier as customers moved away from fuel-hungry sport utility vehicles.
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