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Charles Schwab and Abbott Labs top Q1 estimates

On Wednesday, Charles Schwab Corp. (NASDAQ: SCHW) reported that its lower first-quarter earnings easily topped analysts' estimates, and Abbott Laboratories (NYSE: ABT) said its higher first-quarter profit edged past Wall Street expectations. Shares of Schwab surged while those of Abbott Labs fell Wednesday.

San Francisco-based brokerage and investment manager Charles Schwab said it earned $218 million, or 19 cents per share, for the quarter, as compared to $305 million, or 26 cents per share, in the same period of the previous year. Total revenue fell 15% year over year to $1.11 billion.

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International Bad Products Awards: Sleeping pills for kids and other 'winners'

Sleeping pills for children, exploding laptops, lead toys. There is a lot of dubious stuff out there. Lots of dangerous, bad-for you, waste-of-money products that are brazenly pitched to you and me, the hapless consumer. Sometimes the products are so bad you almost have to admire the companies with the chutzpah to put them out there. Almost.

Consumer activists had the same idea. But with a twist. Today, leading global consumer rights groups met in Sydney, Australia to hand out awards for the worst products and the companies that make them. The Consumers International World Congress hopes to hold major corporations accountable for their unrepentant and irresponsible hucksterism.

The envelope, please? And the winners of the 2007 International Bad Products Awards are:

Continue reading International Bad Products Awards: Sleeping pills for kids and other 'winners'

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DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 25, 2009: 05:21 PM

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