Average loans for the quarter were $383.9 billion increased $62.5 billion, or 19%, from a year ago. Average core deposits of $317.3 billion increased $26.7 billion, or 9%, from a year ago.

Net interest income increased $750 million, or 15%, from first quarter 2007 and non-interest income rose to $4.8 billion, up 8% from first quarter 2007 and up 7% annualized.

Wholesale Banking average loans up 29% from prior year. Community Banking reported net income of $1.4 billion in first quarter 2008, down $72 million from a year ago. Revenue increased $944 million.

Intel Corporation semiconductor chip maker reported first quarter revenue was $9.7 billion an increase of 9% or $ 8.8 billion a year ago.

Net income for the three months ended March 29 was $1.44 billion, or 25 cents per share, which 12% lower than a year earlier, compared with $1.64 billion, or 28 cents per share a year-ago on asset impairment charges related to a division that was spin-off.

Paul Otellini, Intel president and CEO said """"Our first quarter results demonstrate a strengthening core business and a solid global market environment.""""

Operating income for the quarter $ 2.1 billion compared with increased 23% or $ 1.8 billion same quarter last year. Intel estimates second quarter 2008 revenue was $ 9.0 billion compared with $ 9.6 billion for the same quarter last year.

The Coca-Cola Company beverage company today reported first quarter net operating revenue increased 21% to $7.38 billion from $6.1 billion from a year ago.

For the quarter net income was $1.5 billion, or 64 cents a share, up from $1.26 billion, or 54 cents a share, in the same quarter last year. Operating income in the quarter increased 15% or $1.87 billion and increased 19% after considering items impacting comparability.

President Muhtar Kent, slated to become chief executive in July, said “Our performance in the first quarter further builds on our success in 2007 in every respect. Our International business once again led the way, with both sparkling and still beverages contributing to our results.”

Unit case volume increased 6% in the quarter.

The Africa Group’s unit case volume decreased 1% in the quarter, compared to 17% growth in the prior year quarter. The Eurasia Group’s unit case volume increased 13% in the quarter, cycling 16% growth in the prior year quarter. The Latin America Group continued to deliver strong unit case volume growth of 9% in the quarter, up from 7% growth in the prior year quarter.

Unit case volume in the North America Group was even in the quarter, reflecting a difficult U.S. economic environment. Net revenues for the quarter increased 13%, reflecting a 2% increase in concentrate sales, positive pricing, mix of finished goods businesses and an increase from acquisitions.

The Pacific countries increased unit case volume 10% in the quarter. Net revenues increased 7%, reflecting an 8% increase in concentrate sales, positive pricing and a low double-digit favorable currency, impact, partially offset by unfavorable country mix. Operating income increased 4%.

Inter-segment revenues for the three months ended March 28, 2008 were $12 million for Africa, $30 million for Eurasia, $230 million for European Union, $57 million for Latin America, $14 million for North America, $91 million for Pacific and $22 million for Bottling Investments.

Operating income before income taxes for the three months ended in March decreased $76 million for corporate and $2 million for North America primarily due to asset write-downs and restructuring costs.

The Coca-Cola Company (KO: chart) shares were up 81 cents at $61.75.