Time Warner Net up 60 - Market Update

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Market Update Analysis:

Time Warner Net up 60%

Author: Elena Todorova
123jump.com
Last Update: 10:12 AM EDT May 03 2006

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Stocks opened flat on surging oil and gold prices which offset the positive sentiment generated by strong earnings from Time Warner and Procter & Gamble. Time Warner posted 60% quarterly profit rise, lifted by growth in its cable television business and from the sale of its book group.

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