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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Paul Kern who wrote (93446)	4/11/2008 9:04:15 AM
From: Paul Kern	Read Replies (1) \| Respond to of 110194

News Highlights: Top Equities Stories Of The Day Last update: 4/11/2008 9:00:00 AM TOP STORIES GE STUNS MARKET AS PROFITS FALL SHORT Industrial and financial-services conglomerate's net income drops 6% to $4.3 billion, or 43c a share, as weakness in its financial-services business more than offsets an earnings jump in its infrastructure segment. Revenue climbs 8% to $42.24 billion; analysts called for $43.68 billion. Earnings from continuing operations for the quarter are 44c a share; Wall Street expected 51c. Shares fall 11% in pre-market trading. US STOCK MOVE LOWER AFTER IMPORT PRICE GAINS U.S. stock futures drop further after import prices gain more than expected and as disappointing results from General Electric cast a pall on earnings season. Futures are pointing the Dow Industrials to open down more than 140 points. US IMPORT PRICES POST RECORD CLIMB Overall import prices rise 2.8% last month, after increasing 0.2% in February. Wall Street expected a 2.1% climb. Excluding petroleum, which jumps 9.1%, import prices gain 1.1%, the largest one-month increase on record.