GE Posts Lower 1Q Profit, Cuts Outlook (AP)

Filed under Financial Software Products on Fri, 11 Apr 2008 05:11:04 -0700

General Electric Co. reported a smaller-than-expected first-quarter profit on Friday and lowered its outlook for fiscal 2008, as a slowing U.S. economy sapped its financial services business....

Stocks Poised to Slide After GE Results (AP)

Filed under Financial Software Products on Fri, 11 Apr 2008 05:11:04 -0700

Wall Street was poised to open lower Friday after General Electric Co. reported first-quarter results that fell below projections and pinned the miss on disruptions caused by the credit crisis....

Oil Rises Above $110 a Barrel (AP)

Filed under Financial Software Products on Fri, 11 Apr 2008 05:11:04 -0700

Oil prices rose slightly to near mid-$110 a barrel Friday after slipping from a record at midweek as investors locked in profits from a stronger U.S. dollar....

Consumer Confidence Falls to New Low (AP)

Filed under Financial Software Products on Fri, 11 Apr 2008 05:11:04 -0700

Americans' confidence in the economy fell to a new low, dragged down by worries about mounting job losses, record-high home foreclosures and zooming energy prices....

TriZetto Agrees to Going-Private Deal (AP)

Filed under Financial Software Products on Fri, 11 Apr 2008 05:11:04 -0700

Medical software company TriZetto Group says it has agreed to a $1.4 billion takeover by private equity firm Apax Partners....

American Cuts More Flights; Fliers Fume (AP)

Filed under Financial Software Products on Fri, 11 Apr 2008 05:11:04 -0700

Air traveler angst was sure to continue Friday as American Airlines grounded hundreds more flights. The financial toll and loss of goodwill likely would grow as well, as the inspection-related mess spread further to other carriers and hurt an industry already bleeding cash thanks to high fuel costs....

Drug Companies to Reveal Grant Practices (AP)

Filed under Financial Software Products on Fri, 11 Apr 2008 05:11:04 -0700

For years, the nation's largest drug and medical device manufacturers have courted doctors with consulting fees, free trips to exotic locales and by sponsoring the educational conferences that physicians attend....

Frontier Files for Bankruptcy Protection (AP)

Filed under Financial Software Products on Fri, 11 Apr 2008 05:11:04 -0700

Frontier Airlines went bankrupt Friday, the fourth carrier to do so in the past two weeks as exorbitant fuel prices eat into earnings and a weak U.S. economy keeps more people grounded....

G-7 Finance Officials Examine Crisis (AP)

Filed under Financial Software Products on Fri, 11 Apr 2008 05:11:04 -0700

The world's top financial officials, shaken by a credit crisis that has roiled markets around the world, are working on regulatory reforms that they hope will restore confidence in the markets....

Cadbury Schweppes Sales Disappoint (AP)

Filed under Financial Software Products on Fri, 11 Apr 2008 05:11:04 -0700

Cadbury Schweppes PLC reported strong growth in first quarter global confectionary sales on Friday but slower growth in its North American beverage unit, which it plans to spin off next month....

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