U.S. stocks trim losses as oil-futures slide after inventory data

Date: Wed, 07 May 2008 12:02:53 -0400
U.S. stocks trim losses as oil-futures slide after inventory data

U.S. stocks on Wednesday remain mostly lower as pending home sales fell
in March and as oil prices remained near record territory, offsetting
cheer over better-than-hoped-for results from Walt Disney Co. and Cisco
Systems Inc.

Walt Disney Co.'s shares rise after profit exceeds estimates

Walt Disney Co.'s shares get a boost as the blue-chip entertainment
giant posts better-than-expected 21% growth in second-quarter profit,
driven by its theme parks and studio operations.

Déjà vu: Sprint Nextel, Clearwire revive WiMax venture

Sprint Nextel and Clearwire agree to merge their next-generation
wireless broadband businesses, reviving the plan with some deep-pocketed
partners.

Special Report: Fed rate cuts helped boost food prices, spark shortages

The Federal Reserve's seven interest rate cuts in as many months, which
helped protect the U.S. economy from the full effects of the housing
crisis and the resulting credit crunch, also contributed to the spike in
raw material costs that has been felt across the globe, experts say.

Clinton ekes out Indiana win as Obama takes N.C.

Barack Obama wins a surprisingly easy victory in North Carolina's
Democratic primary, but falls behind Sen. Hillary Clinton in Indiana.