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Business News
Weak Barbie sales weigh on Mattel 1Q
EL SEGUNDO, Calif. (AP) -- Toy maker Mattel says weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish holiday season led to an unexpected first-quarter loss....
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GE 1Q earnings fall, outlook strong
NEW YORK (AP) -- General Electric posted lower first-quarter net income than a year ago because last year's results included the sale of NBC Universal. But the company said its industrial divisions performed well and the economic environment was "positive."...
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Philip Morris Int'l 1Q profit falls nearly 12 pct
RICHMOND, Va. (AP) -- Philip Morris International says its first-quarter profit dropped nearly 12 percent as cigarette sales fell in its markets and it was hurt by foreign exchange rates for the U.S. dollar....
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Morgan Stanley's income rose 18 percent
NEW YORK (AP) -- Investment bank Morgan Stanley says its first-quarter income rose 18 percent from a year ago, helped by its trading and merger and acquisitions advisory businesses....
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PepsiCo 1Q jumps on snack sales, cost cuts
NEW YORK (AP) -- PepsiCo reported a stronger-than-expected first-quarter profit as the company slashed costs and sold more snacks around the world....
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