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• Movers: Alcoa, Merrill Lynch, Bank of America, Wal-Mart
Alcoa (AA) posts $0.33, vs. $0.63 a year ago, third quarter EPS [including items] on 5.3% sales drop. Says aluminum prices have fallen steeply, demand has softened further, while input costs remain high. Says given sharp decline in metal prices ...
• Buffett boosts wealth to top Gates on Forbes list
When the list was released last month, four members of the Walton family, descendants of Wal-Mart Stores Inc. founder Sam Walton, held positions 4 through 7, each with fortunes of about $23 billion. New York City Mayor Michael Bloomberg was at No. 8 ...
• 4 More Days, Apple Fans
Next stop: Wal-Mart (NYSE: WMT)? The rub, of course, is that it had a willing partner in AT&T (NYSE: T) to absorb the hit of subsidizing the marked-down 3G iPhones in exchange for exclusivity. It will have to eat the PowerBook markdowns itself. It will ...