U.S. stocks unplugged by GE; close with weekly declines

Date: Fri, 11 Apr 2008 21:01:04 (GMT)
U.S. stocks unplugged by GE; close with weekly declines

U.S. stocks sink to April lows and weekly losses, with the market undone
by General Electric Co.'s earnings miss, jolting investors and casting
a bleak light on a slew of earnings reports next week.

G7's goal is to rebuild confidence, so unity expected to prevail

WASHINGTON
The finance ministers and central bank governors of the wealthy G7
nations have begun their closed door meeting at the Treasury Department
on Friday afternoon with the stated goal of rebuilding confidence and
stability in financial markets.

GE warning renews fears of financial aftershocks

Wall Street, basking in optimism that the credit crisis may be past,
gets rained on after a surprise drop in earnings from bellwether General
Electric, renews fears of persistent economic aftershocks.

GE posts surprise 6% profit fall, cuts 2008 outlook

General Electric Co. pulls an unpleasant surprise on investors,
reporting a 6% drop in first-quarter net profit -- largely over trouble
in its financial-services businesses -- and revising lower its 2008
outlook.

Major Yahoo holder boosts stake as board meets to discuss options

SAN FRANCISCO
A major Yahoo Inc. shareholder has boosted its stake in the company as
the beleaguered Web portal has worked to resist a large takeover offer
from Microsoft Corp.