U.S. stocks turn mixed after opening gains

Date: Tue, 17 Jun 2008 12:03:18 -0400
U.S. stocks turn mixed after opening gains

U.S. stocks lose the bulk of opening gains, with investor concentration
on Goldman Sachs Group Inc.'s earnings waning in the wake of economic
data.
Goldman Sachs' profit slips 10%; shares gain modestly

Goldman Sachs, widely considered to have weathered the current storm in
the financial markets better than its rivals, again reports quarterly
results topping those of competitors.

Economic Report: U.S. producer prices gain 1.4% in May as energy costs
surge

U.S. wholesale prices increase a larger-than-anticipated 1.4% in May,
after seasonable adjustments, with energy prices gaining by fully 4.9%
and food prices rising 0.8%, government data show.

Belgian newspaper says Buffett backs InBev bid for Anheuser-Busch

Warren Buffett, whose Berkshire Hathaway investment vehicle holds 5% of
Anheuser-Busch, backs InBev's bid for the brewer of Budweiser beer,
according to a Belgian newspaper report.