Tuesday, April 29, 2008
U.S. stock futures ease as Fed caution still prevails
U.S. stock futures ease as Fed caution still prevails
U.S. stock futures slipped on Tuesday, with pharmaceutical Merck reeling
from a surprise regulatory rejection of a key drug and caution still
prevailing ahead of a key interest-rate decision.
BP, Shell surge as oil prices propel higher profits
BP and Royal Dutch Shell see sharp boost as crude-oil prices helped
offset virtually flat production and skyrocketing costs.
Daimler's quarterly profit drops 32%; trucks, Chrysler weigh
Daimler's first-quarter profit dropped 32%, hurt in part by a poor
performance from its truck-making unit, financial results show.
Valero Energy's quarterly net plunges 85%; margins pinched
Valero Energy's first-quarter net income from continuing operations
plunged 85% on record crude-oil costs, financial results show.
HBOS to tap shareholders for $8 bln, takes further write-downs
HBOS, Britain's biggest mortgage lender, said Tuesday that it plans to
raise 4 billion pounds ($7.95 billion) through the sale of stock to
existing shareholders as it battles against rising write-downs and
tighter lending margins.
