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To: Johnny Canuck who wrote (37068)5/20/2002 11:26:58 PM
From: Johnny Canuck  Respond to of 70347
 
2:10PM Government posts $67 billion surplus in April by Daniel Floyd
The federal government recorded a $67.2 billion surplus for April, less than half the size of the $189.8 billion black-ink figure posted in the same month last year, the Treasury Department said Monday. Comprising $237.4 billion in receipts and $170.3 billion in spending, April's surplus is the largest for a single month in the current fiscal year. It follows a $64.2 billion deficit in March and a $76.1 billion deficit in February. The Congressional Budget Office had forecast a $68 billion surplus.



To: Johnny Canuck who wrote (37068)5/20/2002 11:37:05 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 70347
 
12:02PM National Semi ups fiscal Q4 revenue outlook (NSM) by Julie Rannazzisi
National Semiconductor (NSM) was a standout among the components of the Philly Semiconductor Index ($SOX), rising 1.7 percent amid a general slump in other chip stocks. National Semi upped its fiscal fourth-quarter revenue outlook, with expectations for sales to increase by 12 to 13 percent sequentially as overall orders came in at a better-than-projected rate.



8:25AM Charming Shoppes beats in Q1; raises outlook (CHRS) by Michael Baron
Charming Shoppes (CHRS) is reporting first-quarter earnings of $16.3 million, or 14 cents a share, topping Wall Street's consensus estimate for a profit of 9 cents a share. Sales at the Bensalem, Pa., women's plus-size apparel retailer jumped 60 percent in the latest three months to $630.6 million. Same-store sales fell 1 percent in the quarter. Looking ahead, the company boosted earnings projections for the second quarter and fiscal 2003. In addition, Charming Shoppes plans to raise $130 million through a private offering of senior convertible notes. The stock closed Friday at $8.30, up 0.4 percent.