US MARKET BREAKING NEWS 4/08

1. Kraft Profit Beats Forecasts, 62 Cents a Share vs 58 Cents Estimated; To Split in 2 Companies

2. General Motors Posts EPS of $1.54, Beats Estimates of $1.20; Revenue of $39.4 Billion Also Beats; Shares Up

 

3. ECB Leaves Key Interest Rate Unchanged at 1.5%

 

4. Weekly Jobless Claims up 1,000 to 400,000; Revision Boosts Last Week to 401,000; Continuing Claims at 3.73 Million

4. Stocks opened lower Thursday amid fear over the ongoing euro zone debt crisis in addition to a jobs report that indicated the recovery has stalled. The dollar surged against a basket of currencies.

 

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