Amgen posts higher profit, moderates forecast

4:30 pm ET Apr 23, 2007

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Amgen posts higher profit, moderates forecast

SAN FRANCISCO
Amgen Inc. late Monday said its first-quarter net profit rose 11% over
the same period last year, but the biggest biotechnology company in
terms of revenue said its revenue guidance is up for review and it now
expects full-year 2007 per-share earnings to come in at the low end of
its prior forecast.

Market Snapshot: U.S. stocks fall as investors consolidate gains

NEW YORK
U.S. stocks suffered losses on Monday, as investors weighed the need to
consolidate the previous week's strong gains against news of U.K.-based
Barclays Plc's plan to buy Dutch bank ABN Amro Holdings NV for $91
billion, the biggest bank deal in history.

Futures Movers: Crude futures close near $66 as production concerns
flare

SAN FRANCISCO
Crude-oil futures closed almost 3% higher Monday as worries that
violence in Nigeria following weekend elections might spread to the
country's oil-rich Delta region and disrupt exports from the world's
eighth-biggest oil producer lifted prices to a more than one-week high.

Senators urge Fed to protect subprime borrowers

WASHINGTON
Senators including presidential hopeful Christopher Dodd urged the
Federal Reserve on Monday to protect borrowers in the subprime mortgage
market by toughening rules on both bank and nonbank lenders and
restricting some loans.