U.S. stocks edge lower on Oracle, Google woes

Date: Thu, 27 Mar 2008 16:01:04 (GMT)

U.S. stocks edge lower on Oracle, Google woes

U.S. stocks edge lower, with technology shares pressured by
disappointing numbers from Oracle Corp. and Google Inc., while crude-oil
prices stay close to $106 a barrel.

Judge orders banks to fund $19 billion Clear Channel buyout

A Texas judge has ordered six investment banks to fund the imperiled $19
billion buyout of Clear Channel Communications by two private-equity
firms.

Oracle shares slide on disappointing sales

Shares of Oracle Corp. fall as much as 8% in premarket trading after the
company's quarterly sales disappointed Wall Street.

General Electric reaches pacts with AmEx, Santander

General Electric reached separate deals with American Express and Banco
Santander, getting $1.1 billion in cash and an Italian banking operation
in return for selling its corporate card business and various European
personal finance units.

Economic Report: GDP unrevised at 0.6%, weakest U.S. growth since 2002

The U.S. economy slowly abruptly in the fourth quarter, growing at a
0.6% annual rate, the slowest pace since late 2002, the Commerce
Department estimates.