AP Business Top Stories

Yahoo 1Q results top analyst views; stock climbs
[AP] - Yahoo Inc. is delivering on its promise to boost its earnings even though a bumpy beginning to its Internet search partnership with Microsoft Corp. is causing it to fall further behind in the Web's most lucrative advertising market.

IBM earnings up 10 percent, helped by weak dollar
[AP] - IBM Corp. on Tuesday reported stronger-than-expected net income and revenue for the first quarter, helped by the weak dollar and strong performance from its hardware division.

Shareholder sues Buffett over Sokol Lubrizol trade
[AP] - A shareholder of Berkshire Hathaway Inc. has filed a lawsuit alleging that Warren Buffett and the company's board hurt investors by failing to act swiftly when they found out about stock trades that outgoing executive David Sokol made ahead of Berkshire's $9 billion takeover of chemical company Lubrizol.

Intel's earnings leap on business demand for PCs
[AP] - Intel Corp. exceeded Wall Street's expectations with first-quarter earnings that jumped 29 percent, as businesses extended their yearlong buying streak and bought lots of new computers.

Goldman reports Q1 income down 72 pct; stock falls
[AP] - Goldman Sachs took a hit to its first quarter earnings after paying dividends to billionaire investor Warren Buffett's company, which invested $5 billion in the bank at the height of the financial crisis in 2008.

CSX 1Q earnings jump 30 percent
[AP] - Railroad CSX Corp. said Tuesday its first-quarter earnings jumped 30 percent as higher shipping prices and stronger demand in most of its markets offset rising fuel costs.

Johnson & Johnson leads Dow stocks higher
[AP] - Strong earnings from Johnson & Johnson helped stocks rebound Tuesday, a day after suffering their worst one-day drop in more than a month.

Unemployment falls in two-thirds of states
[AP] - The unemployment rate fell in two-thirds of the nation's states last month, the latest evidence that the strengthening economy is encouraging many employers to boost hiring.

New-home construction increases 7.2 pct. in March
[AP] - Builders broke ground on more new homes last month, giving the weak housing market a slight boost at the start of the spring buying season.

Nasdaq OMX, ICE reinforce bid for NYSE
[AP] - Nasdaq OMX Group Inc. and Intercontinental Exchange Inc. are trying to reassure the owners of the New York Stock Exchange that they have adequate financing for their unsolicited $11.3 billion takeover bid and are willing to pay a hefty penalty if regulators object to it.