Biggest gain in factory orders in a year in March

11:41 am ET May 2, 2007

DJIA

13,209

+73.70

S&P

1,495

+8.96

NASDAQ

2,553

+21.65

10Yr

4.65%

+0.008

Biggest gain in factory orders in a year in March

WASHINGTON
Orders for U.S.-made factory goods rose 3.1% in March, the biggest gain
in a year, the Commerce Department reported Wednesday.

Market Snapshot: Stocks rally with media deals at center stage

NEW YORK
U.S. stocks rallied early on Wednesday, lifted by deal speculation in
the media sector, stronger-than-expected factory data, and a favorable
reaction to Time Warner Inc.'s latest earnings report.

Time Warner profit declines, cable boosts revenue

CHICAGO
Time Warner, Inc. said Wednesday that its first-quarter profit dropped
18% on the effect of special items, though revenue was higher, lifted by
another strong performance at the company's cable operations.

Dow Jones mulls Murdoch offer; family to reject

CHICAGO
Dow Jones & Co. on Tuesday said media magnate Rupert Murdoch has made a
$5 billion unsolicited bid for the publisher of the Wall Street Journal,
but the family that controls the company indicated that it will narrowly
vote against the offer.

Sprint Nextel moves to a loss

WASHINGTON
Sprint Nextel Corp. said Wednesday it lost more than $200 million in the
first quarter, as the nation's third largest wireless-phone company lost
key customers to rivals and invested more money in its network.