Bush Gets Copyright Bill

Opening arguments were heard in the trial of five former Enron Broadband Services executives charged with fraud and conspiracy. The five allegedly rigged the finances of the division and hyped its technology to mislead investors about the unit's revenue prospects. The defendants are, from left, Kevin A. Howard, former vice president of finance; F. Scott Yeager, former senior vice president of business development; Rex T. Shelby, former senior vice president of engineering and operations; Joseph Hirko, former chief executive; and Michael W. Krautz, former senior accounting director. (F. Carter Smith -- Bloomberg News)

EARNINGS

RadioShack said first-quarter profit fell 19 percent, to $55 million. Sales increased 3 percent, to $1.12 billion.

Caterpillar said fourth-quarter profit increased 58 percent, to $551 million. Sales rose 33 percent, to $8.57 billion.

Johnson & Johnson posted a 17.4 percent increase in first-quarter profit, to $2.93 billion. Revenue rose 11 percent, to $12.83 billion.

Wells Fargo's first-quarter earnings rose to $1.86 billion from $1.77 billion. Revenue increased 13 percent, to $8.09 billion.

Merrill Lynch said first-quarter profit fell 3 percent, to $1.21 billion. Revenue rose 3 percent, to $6.22 billion.

Viacom, the media company that owns CBS and MTV, said profit fell 18 percent, to $585 million. Revenue rose 5 percent, to $5.58 billion.

Coca-Cola said first-quarter profit fell 11 percent, to $1 billion. Revenue rose 3 percent, to $5.27 billion.

Pfizer, the world's largest drug company, said its first-quarter earnings fell 87 percent, to $301 million. Revenue in the quarter ended April 3 rose 5 percent, to $13.09 billion.

Compiled from reports by the Associated Press, Bloomberg News, Dow Jones News Service and Washington Post staff writers.