U.S. economy grows better-than-forecast 0.6% in first quarter

Date: Wed, 30 Apr 2008 16:01:04 (GMT)

U.S. economy grows better-than-forecast 0.6% in first quarter

The U.S. economy barely keeps its head above water in the first quarter,
growing at an annual rate of 0.6% on inventory building, export strength
and a never-say-die consumer.

The Ratings Game: Citi's share sale shows capital woes are lingering:
analysts

Citigroup's surprise $4.5 billion common-stock issuance hammers home
the fact that the bank still faces capital issues, and it keeps pressure
on the largest U.S. bank to prove it's equipped to ride out the credit
crisis.

GM shares rally as $3.25 billion loss still tops targets

A dismal U.S. market for selling pickups and SUVs along with a strike at
a top parts supplier leads General Motors Corp. to a massive
first-quarter loss, but shares still surge 10% as Wall Street had
expected much worse.

Time Warner net off, outlook affirmed, cable-unit separation eyed

Time Warner Inc. reported on Wednesday that first-quarter net income
fell 36%, affirmed its full-year outlook, and said that a "complete
structural separation" of Time Warner Cable would be in the best
interests of both companies' holders.
Procter & Gamble's profit gets boost from razors, cost control

Household-products giant Procter & Gamble reports its quarterly net
income rose nearly 8% from a year ago, boosted in part by cost controls
and higher income from razor-blade sales.