Wednesday, April 16, 2008

IBM profit jumps on services, software sales

Date: Wed, 16 Apr 2008 21:06:03 (GMT)
IBM profit jumps on services, software sales

IBM Corp. reports first-quarter profit rose 26% from a year ago due to
strong sales in its global services division and across all its major
geographic areas.

Market Snapshot: U.S. stocks rally on upbeat earnings news

Stocks rally, with the Dow industrials posting a 256-point advance, as
upbeat results from technology bellwether Intel Corp. and financial
giant J.P. Morgan Chase raise hopes that corporate profits can weather a
U.S. economic downturn.

Crude hits new record high of $115.07 a barrel

Crude-oil futures gain more than $1 to surpass $115 after data showing a
surprising drop in U.S. crude inventories and fresh lows for the U.S.
dollar.
Bush calls for halt in greenhouse-gas growth by 2025

The president's remarks come after increasing pressure from the
corporate sector for some kind of effort regarding climate change.

Merrill's latest quarterly write-down seen as high as $8 billion

Merrill Lynch will likely write down the value of complex mortgage
securities and other troubled assets by at least $4.5 billion when the
brokerage firm reports quarterly results, according to analysts.

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