* Q1 earnings 20 cents/shr vs est of 13 cents
* Q1 revenue slips 7 pct
* Shares up 5 pct in post-market trade
May 21 (Reuters) - Athletic shoe retailer Foot Locker Inc's(FL.N) posted a better-than-expected quarterly profit, asimproved margins from recent cost cuts helped offset a 7percent decline in sales.
The company's shares rose more than 5 percent to $11 intrading after the bell. They had closed at $10.45 Thursday onthe New York Stock Exchange.
AT&T is updating its 3G network to the 7.2Mbps flavor of HSPA and boosting its overall infrastructure. The upgrades should especially benefit iPhone users, who tend to use the data network more than other smartphone users.
AUSTIN - About 110,000 state government employees would get $800 bonuses and the University of Texas Medical Branch at Galveston would get $150 million for hurricane damage.
NEW YORK (CNNMoney.com) -- The government's list of troubled banks swelled in the first quarter, climbing to its highest level in nearly 15 years, regulators said Wednesday. The Federal Deposit Insurance Corp.
Ohio has an unemployment rate of more than 10 percent, for the first time in more than 25 years. The Ohio Department of Job and Family Services announced Friday that the state jobless rate for April was 10.2 percent.
Gov. Arnold Schwarzenegger abandoned plans to seek billions in emergency loans to help close a gaping budget hole Thursday, the same day that the Obama administration said it would not provide guarantees for such transactions. Additionally.
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