General Motors suffers $3.3B first quarter loss

DETROIT (AP) — General Motors Corp. struggled to a $3.3 billion first-quarter loss, due in part to a weak U.S. market, a strike at a major parts supplier and plummeting sales of sport utility vehicles and pickups.
The nation’s biggest automaker also cut its industrywide U.S. sales outlook for the year. The company disclosed earlier [...]

Buy on the Rumors… Sell on the News….

Lehman beat expectations this morning in earnings:
AP
Lehman Profit Falls 57 Percent
Tuesday March 18, 9:17 am ET
By Stephen Bernard, AP Business Writer

Lehman Brothers Earns $489 Million During First Quarter, Beating Analyst Expectations
NEW YORK (AP) — Investment bank Lehman Brothers Holdings Inc. said Tuesday its fiscal first-quarter earnings fell 57 percent due to a steep decline in [...]