Acording to Reuters profits at Apple (AAPL) rose but Wall St. did not like margins.

Reuters reports that Starbucks (SBUX) cut its outlook due to the housing crisis.

Reuters writes that Amazon’s (AMZN) pricing drove lower margins.

Reuters reports that Credit Suiss (CS) posted a loss.

The Wall Street Journal writes the Microsoft (MSFT) may withdraw its bid for Yahoo! (YHOO).

The Wall Street Journal writes that Wendy’s (WEN) will announce a deal in which it is sold to Nelson Peltz.

The Wall Street Journal writes that Samsung may knock Motorola (MOT) from its No.1 spot in US handset sales.

The Wall Street Journal writes that Qualcomm (QCOM) posted higher profits.

The Wall Street Journal writes that, after failing to draw customers with fashionable clothing, Wal-Mart (WMT) will try again.

The Wall Street Journal writes that Wall St. is concerned about the growing use of credit default swaps.

The Wall Street Journal writes that Delta (DAL) and Northwest (NWA) posted huge losses.

The Wall Street Journal reports that CostCo (COST) and Wal-Mart (WMT) are rationing rice sales due to huge demand.

The Wall Street Journal writes that Toyota (TM) passed GM (GM) in global sales in Q1.

The New York Times writes that China now has as many web users as the US.

The FT writes that fears of big bank failures are receding based on trading in the credit default markets.

Bloomberg reports that the price of rice rose above $25 for the first time.

Douglas A. McIntyre

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