Tuesday, April 22, 2008

UAL, Jet Blue get slammed by fuel costs

Carriers report quarterly losses, UAL shares drop 35%
by Christopher Hinton & Shawn Langlois, MarketWatch
NEW YORK (MarketWatch) - UAL Corp. shares plunged 37% on Tuesday after the airline joined low-cost carrier JetBlue Airways Corp. in reporting first-quarter results that were severely harmed by 50% surge in jet fuel more

Today on the presidential campaign trail

By The Associated Press


Clinton, Obama go on attack in last-minute scramble for Pennsylvania votes ... Michael Moore announces his endorsement of Obama in Web post ... North Carolina Democrats ditch effort to host debate

Clinton, Obama on attack in Pa.

PHILADELPHIA (AP) — Democrats Hillary Rodham Clinton and Barack Obama questioned each other's character and readiness to be commander in chief in last-minute television ads as the six-week Pennsylvania primary campaign steamed toward an uncertain conclusion Tuesday.

The two Democratic hopefuls barnstormed the state in a final pitch for votes in the most populous and delegate-rich state remaining in the nominating contest. Some 4 million Democrats were eligible to cast ballots, with 158 delegates at more

Linden Lab Recruits New CEO


SAN FRANCISCO -- Linden Lab, developer of the animated environment Second Life, said it recruited Mark Kingdon to serve as the closely held company's chief executive officer.

Mr. Kingdon, 45 years old, will succeed founder Philip Rosedale, 39, who announced plans in March to give up the CEO post at the San Francisco-based company. He remains chairman.

Mr. Kingdon since 2001 had served as chief executive of Organic Inc., a communications agency focusing on Web design and marketing. Second Life is one of the best-known "virtual worlds," a name given to services that allow characters to roam simulated three-dimensional spaces without the rules or goals of traditional computer more

Yahoo's Q1 does not change value for Microsoft -sources

SAN FRANCISCO, April 22 (Reuters) - Yahoo Inc's (YHOO.O: Quote, Profile, Research) first-quarter results have not changed Microsoft Corp's (MSFT.O: Quote, Profile, Research) view of the Internet company's value, people familiar with Microsoft's thinking said on Tuesday.

Microsoft sees Yahoo's decision not to raise its full-year revenue forecast as a reflection that the company's value has not changed since January, when it provided the same 2008 revenue estimates, pushing its shares down to a four-year low, these people said.

That point of view reiterates Microsoft Chief Executive Steve Ballmer's comments from Morocco earlier on Tuesday.

"I wish Yahoo all the success with its results, but it doesn't affect the value of Yahoo to Microsoft," Ballmer said. (Reporting by Anupreeta Das and Daisuke Wakabayashi) more

McCain camp hopes for long Dem race

YOUNGSTOWN, Ohio — John McCain and his aides wouldn't say Tuesday whether they wanted Hillary Rodham Clinton to win the Pennsylvania Democratic primary, though some clearly relished the prospect of an ongoing stand-off between her and Barack Obama.

"We're for anything that keeps it going," said McCain senior adviser Mark McKinnon.

Senior McCain adviser Mark Salter smiled while saying, "we don't want to intrude on their process. We want them to carefully deliberate their choices."

McCain rejected the notion that a Clinton victory Tuesday would benefit his candidacy, saying he is "absolutely neutral" about who his Democratic opponent should be this more

Bill Clinton denies 'race card' comment

PITTSBURGH, Pennsylvania (CNN) -- Former President Bill Clinton denied Tuesday he had accused Sen. Barack Obama's campaign of "playing the race card" during an interview Monday.

A recording of the former president making the comment is posted on the WHYY Web site.

It says he made the comment in a telephone interview with the Philadelphia public radio station Monday night.

Clinton was asked whether his remarks comparing Obama's strong showing in South Carolina to that of Jesse Jackson in 1988 had been a mistake given their impact on his wife Sen. Hillary Clinton's campaign.

"No, I think that they played the race card on me," said Clinton, "and we now know from memos from the campaign and everything that they planned to do it all along." Listen to the full more