US productivity beats forecasts

Japan upgrades economic growth
Japan revises its economic growth for the first three months of the year upwards to 1%, beating forecasts.

Exports bolster Japan's economy
Japan's economy grew at a brisk annual rate of 3.3% in the first three months of 2008, official figures show.

Rivals create Iberia turbulence
Soaring fuel prices and stiff competition saw Spanish airline Iberia make a loss in the first three months of 2008.

Sony announces unexpected losses
Sony reports an unexpected loss for the first three months of the year after it is hit by falling stock markets.

EADS profits from Airbus results
Improved Airbus results sends its parent company EADS into profit in the first three months of the year.