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Yahoo! News: Business
Updated : Thu, 15 May 2008 11:08:10 GMT

Sony shares jump after profit forecast (Reuters)
Reuters - Shares of Sony Corp (6758.T) soared 9 percent to their highest in two and a half months on Thursday after it forecast an unexpectedly big operating profit this year as it aims to boost flat TV sales and wipe away losses on the PlayStation 3 game console.
Publ.Date: Thu, 15 May 2008 08:04:22 GMT
Source: Yahoo.com

Barclays takes close to $2 billion writedown, keeps capital opti (Reuters)
Reuters - British bank Barclays Plc said profits fell in the first quarter and refused to rule out a rights issue as it took a 1 billion pound ($2 billion) hit for the impact of the credit crunch.
Publ.Date: Thu, 15 May 2008 10:47:56 GMT
Source: Yahoo.com

Rough economy cuts into pay for U.S. CEOs: study (Reuters)
Reuters - CEO compensation at the biggest U.S. corporations dropped sharply last year, reflecting in part the rough business conditions at top-tier banks and other large financial firms, a study has found.
Publ.Date: Thu, 15 May 2008 11:08:10 GMT
Source: Yahoo.com

Three Former SEC Chairmen Endorse Obama's Presidential Bid (Bloomberg)
Bloomberg - May 14 (Bloomberg) -- Democratic presidential candidate Barack Obama picked up the endorsement today of three former chairmen of the Securities and Exchange Commission, two of whom were appointed by Republican presidents.
Publ.Date: Wed, 14 May 2008 12:58:52 GMT
Source: Yahoo.com

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