Worldwide Business News

Stocks fall on rate worry, Amazon rises late (Reuters)

Reuters - U.S. stocks ended lower on Tuesday, buffeted by fears of rising interest rates, a sell-off in the energy sector, including Exxon Mobil Corp. , and a drop in the shares of heavy equipment maker Caterpillar Inc. .

Amazon.com 1Q Earnings Slide 35 Percent (AP)

AP - Amazon.com Inc. said Tuesday that earnings fell nearly 35 percent in the first quarter, compared to a period last year in which the online retailer had a big one-time gain.

Lay claims “witch hunt” brought Enron down (Reuters)

Reuters - Enron Corp. was a victim of a "witch hunt" that unfairly criticized the giant energy company's business and drove it toward bankruptcy, former Chairman and Chief Executive Kenneth Lay testified at his criminal trial on Tuesday.

This entry was posted on Tuesday, April 25th, 2006 at 4:50 pm and is filed under General Business News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.