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BANGKOK (AP) — Asian stock markets rose Wednesday after earnings from Apple Inc. and other U.S. companies blew past expectations, providing a distraction from the economic and political turbulence intensifying in Europe over its debt crisis. Japan’s Nikkei 225 rose 1 percent to 9,562.30 as the yen slipped against the dollar — a movement generally benefiting the country’s exporters. South Korea‘s Kospi index gained 0.4 percent to 1,970.44, helped by improving consumer confidence. …

SAN FRANCISCO (Reuters) – Facebook Inc reported its first quarter-to-quarter revenue slide in at least two years, a sign that the social network‘s sizzling growth may be cooling as it prepares to go public in the biggest ever Internet IPO. The company blamed the first-quarter decline, which surprised some on Wall Street, on seasonal advertising trends. “It was a faster slowdown than we would have guessed,” said Brian Wieser, an analyst with Pivotal …

NEW YORK (AP) — When it comes to happy surprises on Wall Street, it’s hard to get better than this. U.S. companies made more money in the first three months this year than almost anyone expected. As earnings reports roll in, they’re beating the estimates of stock analysts at a rate not seen in more than a decade. Yet stocks have languished. The Standard & Poor’s 500 index has fallen about 2 percent …

(Reuters) – General Electric Co topped Wall Street‘s profit and revenue forecasts for the first quarter, helped by strong demand for energy equipment and railroad locomotives. The largest U.S. conglomerate said on Friday industrial orders had risen 20 percent in the quarter and that selling prices had improved in most of its businesses. This should help Chief Executive Officer Jeff Immelt achieve his goal of boosting profit margins this year. “Global markets are …

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NEW YORK (AP) — EBay‘s first-quarter net income grew 20 percent thanks to higher revenue from its PayPal business and brisk sales at its e-commerce websites. The results beat Wall Street’s expectations and investors sent the company’s stock higher in after-hours trading. EBay Inc. said Wednesday that it earned $ 570 million, or 44 cents per share, in the January-March period. That’s up from $ 476 million, or 36 cents per share, a …

NEW YORK (AP) — He calls himself an “Apple fanboy,” owns four iPads and two iPhones, follows the company obsessively and predicts it will keep turning blockbuster profits. But whether you should own the stock is another matter. He says it’s just not worth it. No one is sure why Apple’s stock finally stopped rising last week, but you might point a finger at Walter Piecyk, a veteran analyst who apparently has uncanny …

NEW YORK (Reuters) – The Dow extended gains on Monday, up 1 percent by afternoon trade, buoyed by big consumer staples stocks as Wall Street turned defensive. The Dow Jones industrial average <.DJI> was up 131.96 points, or 1.01 percent, at 12,981.55. The Standard & Poor’s 500 Index <.SPX> was up 4.26 points, or 0.31 percent, at 1,374.52. The Nasdaq Composite Index <.IXIC> was down 16.36 points, or 0.54 percent, at 2,994.97. (Reporting …

NEW YORK (Reuters) – In order to regain Wall Street‘s confidence, Best Buy Co Inc will likely have to pick an outsider to run the world’s largest consumer electronics retailer for the first time in its 46-year history. While lawyers and a board committee are investigating allegations of personal misconduct that led to the abrupt resignation of Best Buy Chief Executive Brian Dunn earlier this week, investors, analysts and retail consultants are focusing …