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- Business News
• Microsoft profit rises 11 pct (Reuters)
Reuters - Microsoft Corp. posted an 11 percent rise in quarterly net profit on Thursday, boosted by a strong performance at its database division and shrinking losses from its Xbox 360 video game console.
• Beijing Capital buys parent assets for $2 billion (Reuters)
Reuters - Beijing Capital International Airport Co. Ltd. (0694.HK) said on Friday it would buy a terminal and other assets at the Beijing capital airport from its parent for 15.62 billion yuan (US$1.98 billion).
• Exxon posts huge profit on high prices, output (Reuters)
Reuters - Exxon Mobil Corp. said on Thursday earnings rose 6 percent to $10.5 billion, the second-largest quarterly operating profit ever by a U.S. company, boosted by robust oil production, as crude prices hovered near record levels.
• Universal Health quarterly profit rises (Reuters)
Reuters - Universal Health Services Inc. said on Thursday quarterly earnings jumped as costs fell and strength in its behavioral health unit offset medical debt in its acute hospital division.
• Stocks gain on strong profits, Microsoft up late (Reuters)
Reuters - U.S. stocks rose on Thursday, with the Dow hitting another record high, as strong earnings from Exxon Mobil Corp. and health insurer Aetna Inc. outweighed concern that the market may be overpriced.
• Home prices plunge by most in 35 years (AP)
AP - Is this what a housing bust looks like? New home prices fell last month by the largest amount in 35 years and owners are being warned to brace for further declines, especially in formerly hot markets.
• Stocks gain on strong profits, Microsoft up late (Reuters)
Reuters - U.S. stocks rose on Thursday, with the Dow hitting another record high, as strong earnings from Exxon Mobil Corp. and health insurer Aetna Inc. outweighed concern that the market may be overpriced.
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