SBC profits rise despite accounting change impact
SBC posted 1.9 billion dollars in first quarter profit or 59 cents per share for the quarter ended March 30. The results benefited from prior accounting changes and overseas stake sales including Belgacom. Excluding one time gains earnings were 37 cents a share, above Thomson First Call consensus of 32 cents.
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SBC
Belgacom SA
Thomson First Call
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Sears, Roebuck and Co
Sears
Citigroup
Alan Lacy
Dallas
Dow Jones/AP
Blockbuster Inc
Blockbuster
Seattle
Starbucks Corp
Starbucks
Greenspan says rates must rise at some point this year
Fed Chair Alan Greenspan testified that interest rates must rise at some point to prevent inflation pressures as the economy rebounds. He cited strong job growth, a softer dollar, and rising prices as factors, while stressing low inflation and vigilant policy.
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Washington Bee
Lone
Greenspan
Congress
Joint Economic Committee
Federal Reserve
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Alan Greenspan
Capitol Hill
America
Market edges higher after Greenspan testimony
Stocks advanced slightly as investors weighed Greenspan's cautious view that the federal funds rate must rise at some point to curb inflation. The Dow inched up 2.77 points to 10,317.27 as traders remained unsettled by signals of higher rates later in the year.
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Greenspan
Joint Economic Committee
Senate Banking Committee
Richard E. Cripps
Legg Mason
Baltimore
Cripps
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