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Thursday Fortune Business Report
05/08/2008 03:37 AM
By: Web Staff

Stocks fell the most in a month yesterday, led lower by financial firms as new securities rules triggered concerns investment banks will be forced to reveal yet more losses. Oil prices continued their march higher into record territory, above $123 a barrel.


Take a look at opening levels.
The Dow will open at 12,814.
The Nasdaq will open at 2,438.


After the bell yesterday, Rupert Murdoch's News Corp. said third-quarter profit tripled on a gain from the sale of the company's stake in DirecTV Group Inc. and higher advertising sales from "American Idol'' and February's Super Bowl.


Net income rose to $2.69 billion, or 91 cents a share, from $871 million, or 27 cents, a year earlier. Sales rose 16 percent, beating expectations.


For the latest updates, check out the online edition of Fortune by clicking here.





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