Stocks opened mixed as bond yields moved up. However, the Nasdaq slightly gained after Sears Holdings reported that its Q4 earnings more than doubled. Lehman Bros reported Q1 profit rise of 24% to $1.085 billion, or $3.66 a share on 17$ higher revenue to $4.46 billion. EchoStar Communications posted Q4 profit nearly doubled, but missed expectations. General Motors edged up on news that the automaker received a bid for its GMAC arm by investors led by Kohlberg, Kravis & Roberts. |
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