Archive for the 'Business' Category



GE restates earnings back to 2001 (Reuters)

Friday, May 6th, 2005
Reuters - General Electric Co. on Friday said it was restating earnings from 2001 through the first quarter of 2005 after an internal audit found that its accounting for certain currency and interest rate derivatives did not comply with accounting standards.
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Consumer Borrowing Increases in March (AP)

Friday, May 6th, 2005
AP - Americans increased their borrowing for auto loans and other types of consumer debt at an annual rate of 3.1 percent in March, the smallest gain in four months, the Federal Reserve reported Friday.
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Stocks flat, jobs report stirs rate fears (Reuters)

Friday, May 6th, 2005
Reuters - U.S. stocks were little changed on Friday as a better-than-expected April jobs report raised optimism about the economy, but sparked fears of more aggressive interest-rate hikes, while higher oil prices also limited gains.
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Oil rises toward $52 as gasoline rallies (Reuters)

Friday, May 6th, 2005
Reuters - Oil prices rose a dollar toward $52 a barrel on Friday as speculators looked away from swelling crude stockpiles and bet on a tighter gasoline market over the summer.
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Stocks up on jobs data, rate fears weigh (Reuters)

Friday, May 6th, 2005
Reuters - U.S. stocks rose on Friday after the government said U.S. employers created a surprisingly large 274,000 new jobs in April and hired more workers in February and March than first thought.
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Payrolls grow beyond April expectations (Reuters)

Friday, May 6th, 2005
Reuters - The addition of a surprisingly strong 274,000 U.S. jobs in April plus upward revisions for hiring numbers in two prior months showed the economy rebounding from a first-quarter slowdown.
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Jobs data slams Treasuries (Reuters)

Friday, May 6th, 2005
Reuters - U.S. Treasuries fell on Friday as a stronger-than-expected April employment report convinced many investors that the Federal Reserve would keep raising interest rates.
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US economy creates 274,000 more jobs in April (AFP)

Friday, May 6th, 2005
AFP - The US economy created 274,000 jobs in April, well up from 146,000 in March, the government said in an eagerly awaited report.
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Jobs growth surprisingly robust in April (Reuters)

Friday, May 6th, 2005
Reuters - U.S. employers created a surprisingly large 274,000 new jobs in April and added more workers in each of the two prior months than first thought, the Labor Department said on Friday in a report that eased fears about economic growth.
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Blue chips up on Honeywell takeover talk (Reuters)

Friday, May 6th, 2005
Reuters - U.S. blue-chip stocks nudged higher on Friday as takeover speculation drove up shares of Honeywell International Inc. . But concerns over more aggressive interest-rate hikes following a strong April jobs report limited gains.
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