Saturday, April 28, 2007

Dow posts historic week, earnings don't

(Reuters) - A flurry of better-than-expected profits announced in the first-quarter earnings season, highlighted by Microsoft Corp. and Exxon Mobil Corp., drew praise from equity investors this week.

But truth be told, Corporate America got some help from share buybacks, asset sales, cost-cutting and Uncle Sam.


Read more at Reuters Africa

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