Exxon Mobil Net Rises to Record
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| Exxon Mobil Corporation, the world's No.1 publicly traded oil company, posted Monday record quarterly profits, boosted by higher oil and natural gas prices. The earnings outpaced analysts' expectations. |
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SBC Will Buy AT&T
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| SBC Communications Inc. announced early Monday that it will acquire AT&T Corp., the U.S. No.1 long-distance carrier, for $16 billion. The deal is expected to create the nation's largest communications company. |
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Microsoft Net More than Doubles
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| Microsoft Corporation reported after the bell Thursday that its quarterly income more than doubled, boosted by solid sales of personal computers and videogames. The results sailed beyond Wall Street's projections. |
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Microsoft Results Top Views
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| Microsoft Corporation reported after the bell Thursday that its quarterly income more than doubled, boosted by solid sales of personal computers and videogames. The results sailed beyond Wall Street's projections. |
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Chiron Swings to Loss
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| Biotechnology giant Chiron Corporation reported after the bell Wednesday a loss for its fourth quarter, hurt by problems with flu vaccine. The results were far below analysts' expectations. |
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Kraft Net Slides on Higher Costs
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| Kraft Foods Inc., the U.S. largest food company, said Tuesday its quarterly profits declined 28% from last year, dragged by higher commodity costs and one-time items. Results matched Wall Street's expectations. |
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American Express Net Up
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| American Express Company reported Monday that its quarterly income advanced 17%, driven by record cardmember spending and higher travel sales. The results outpaced analysts' expectations. |
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The Week Ahead
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| This week is likely to keep analysts busy, as it will see earnings announcements from a host of leading U.S. companies. Economic data, including a report on the fourth-quarter gross domestic product, will also be in focus. |
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GE Reports Record Results
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| Conglomerate General Electric Company announced before the bell Friday record earnings and revenues for its fourth quarter, on strong performance at most of its businesses. |
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EBay Misses Expectations
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| Online auctioneer eBay Inc. announced Wednesday Q4 earnings that surged 44% year-over-year, but came a penny short of analysts’ estimates. Looking ahead, the prospects do not look any brighter as eBay projected a slowdown for fiscal 2005. |
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