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    Corporate Earnings Headlines
    IBM 2Q profit soars on services strength (AP)

    A worker is silhouetted in front of a huge screen with the IBM logo ahead of the CeBIT fair inside a hall in Hanover March 1, 2008. REUTERS/Hannibal HanschkeAP - IBM Corp.'s earnings, used to gauge the health of global technology spending, were a bright spot in an otherwise dreary economic landscape.


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    Fri, 18 Jul 2008 13:06:01 GMT - Yahoo! News: Earnings News
    Honeywell posts higher profit, hikes 2008 outlook (Reuters)
    Reuters - Honeywell International Inc reported higher-than-expected quarterly profit and raised its full-year forecast on Friday, even as it warned investors of slowing activity in its aerospace and transportation markets. -- read full article
    Fri, 18 Jul 2008 14:57:15 GMT - Yahoo! News: Earnings News
    Mattel second-quarter profit tops view; shares up (Reuters)
    Reuters - Mattel Inc , fresh off a big court victory over Bratz dolls, posted a better-than-expected quarterly profit on Friday on higher sales of products tied to movies like "Speed Racer" and "Kung Fu Panda," and its shares rose 12 percent. -- read full article
    Fri, 18 Jul 2008 15:02:11 GMT - Yahoo! News: Earnings News
    Earnings Preview: Stanley Works (AP)
    AP - Tool maker The Stanley Works reports earnings for the second quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period. -- read full article
    Fri, 18 Jul 2008 15:15:16 GMT - Yahoo! News: Earnings News
    Schlumberger second-quarter profit up, outlook bullish (Reuters)
    Reuters - Schlumberger Ltd posted a better-than-expected jump in quarterly profit on Friday and the world's largest oilfield services company gave an upbeat outlook for energy companies' spending on oil and gas exploration that helped push its shares up 4 percent. -- read full article
    Fri, 18 Jul 2008 15:34:05 GMT - Yahoo! News: Earnings News
    Crude prices help lift Schlumberger 2Q profit (AP)
    AP - Oilfield services provider Schlumberger Ltd. opened the petroleum sector's midyear earnings period on a strong note Friday, reporting a nearly 13 percent jump in profit driven by robust spending among customers searching for new sources of crude and natural gas. -- read full article
    Fri, 18 Jul 2008 15:57:56 GMT - Yahoo! News: Earnings News
    Citigroup posts $2.5B loss, but beats expectations (AP)

    In this May 9, 2008 file photo, a pedestrian walks past the Citigroup Center building in New York. Citigroup says it posted a $2.5 billion loss Friday, July 18, 2008, and laid off more employees in the second quarter as it struggled with surging loan defaults. (AP Photo/Mary Altaffer, file)AP - Citigroup has become the latest big bank to assuage Wall Street's worries about the financial sector, posting a $2.5 billion second-quarter loss that was smaller than the market expected.


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    Fri, 18 Jul 2008 15:59:47 GMT - Yahoo! News: Earnings News
    Honeywell 2Q profit rises 18 pct, boosts view (AP)
    AP - Second quarter earnings rose 18 percent at Honeywell International Inc. and the diversified manufacturer raised its 2008 forecast Friday as its global reach helped buffer the company from the deep woes faced by the U.S. economy. -- read full article
    Fri, 18 Jul 2008 16:10:27 GMT - Yahoo! News: Earnings News
    Google shares fall after disappointing earnings (AP)

    In this April 8, 2008 file photo, the Google booth is shown at the RSA conference in San Francisco. Google Inc. shares tumbled more than 9 percent in early trading Friday, July 18, 2008, after the Internet search leader's second-quarter earnings missed analysts' expectations. (AP Photo/Paul Sakuma, file)AP - Google Inc. shares tumbled more than 9 percent by midday Friday after the Internet search leader's second-quarter earnings missed analysts' expectations.


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    Fri, 18 Jul 2008 16:21:34 GMT - Yahoo! News: Earnings News
    Mattel's 2Q profit falls sharply, but tops view (AP)

    In this Feb. 14, 2008 file photo Barbie High School Musical is displayed at the American International Toy Fair in New York.Toy maker Mattel Inc. said Friday, July 18, 2008, its second-quarter profit fell by nearly half, hurt by lower global demand for Barbie toys and higher costs, but results still beat Wall Street expectations. (AP Photo/Mark Lennihan, file)AP - Mattel Inc. said Friday its second-quarter profit fell by nearly half as higher costs offset strong sales of toys related to summer movies like "Kung Fu Panda" and the latest Batman film and the benefit from the weaker dollar.


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    Fri, 18 Jul 2008 16:34:34 GMT - Yahoo! News: Earnings News
    Analysts see much higher 2008 loss for Merrill (Reuters)
    Reuters - Wall Street analysts widened their 2008 loss estimates for Merrill Lynch & Co on Friday, a day after the investment bank posted a quarterly loss much bigger than market expectations and unveiled plans to sell assets to shore up capital. -- read full article
    Fri, 18 Jul 2008 16:41:10 GMT - Yahoo! News: Earnings News
    Sony Ericsson profit tumbles, plans to cut 2K jobs (AP)
    AP - Mobile phone maker Sony Ericsson on Friday posted a 97 percent drop in second-quarter earnings and said it would slash 2,000 jobs worldwide in a move to cut costs. -- read full article
    Fri, 18 Jul 2008 16:41:56 GMT - Yahoo! News: Earnings News
    A look at Mattel 2nd-quarter sales by division (AP)
    AP - Toy maker Mattel Inc. said Friday that second-quarter sales rose 11 percent to $1.11 billion, with a strong showing from items related to summer movies like "Kung Fu Panda" and the latest Batman film. International sales rose 15 percent, mainly coming from the effect of the weaker dollar, while U.S. sales rose 3 percent. -- read full article
    Fri, 18 Jul 2008 17:35:24 GMT - Yahoo! News: Earnings News
    Sony Ericsson cuts 2,000 jobs as earnings plummet (AFP)

    People wait at mobile phone giant Sony Ericsson's booth during the CeBIT information and telecommunication technology fair. Mobile phone maker Sony Ericsson announced Friday it was cutting 2,000 jobs worldwide after reporting an operating loss in the second quarter due to difficult market conditions and the global economic slowdown.(AFP/File/John Macdougall)AFP - Mobile phone maker Sony Ericsson announced Friday it was cutting 2,000 jobs worldwide after reporting an operating loss in the second quarter due to difficult market conditions and the global economic slowdown.


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    Fri, 18 Jul 2008 17:41:24 GMT - Yahoo! News: Earnings News
    Wall Street mixed after earnings reports (AP)

    Frank Cannarozzo, a trader with B & B Securities, talks on a traders phone as he works during early trading at the New York Stock Exchange, Thursday July17, 2008. The Dow Jones industrial average rose more than 100 points after Wall Street extended its rally into a second session. (AP Photos/Bebeto Matthews)AP - Wall Street was mixed Friday as disappointing earnings from technology companies like Google Inc. and Microsoft Corp. offset upbeat results from Citigroup Inc.


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    Fri, 18 Jul 2008 18:50:29 GMT - Yahoo! News: Earnings News
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