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JNJ is the main talk of today´s premarket session as they reported better than expected figures. Lets see today´s headlines: 

• Johnson & Johnson (ticker: JNJ), the world´s largest health-product maker, said that their earnings increased 40%, basically because of the rising sales in Tylenol pain medicine and Listerine mouthwash. The 1Q net income rose to $3.6 billion, or $1.26 a share, beeting the $1.20 per share estimated in a survey of 17 analysts. This news could be seen as a sign that the economy is not as bad as some expects.
• US foreclosures jump 57% and bank repossessions more than doubled in March as adjustable mortgages increased.
• Delta to buy Northwest for $3,63 billion, creating the world´s biggest airline. This could generate a potential deal between United and Continental airlines. The deal has been made but they are waiting for the antitrust approval by the regulators.
• Wachovia to raise $7 billion in capital, after posting the 1Q loss. This loss was driven by massive write-downs and new provisions against credit losses. The new capital can be seen as a possitive thing but they have an important dilutive consequence in Wachovia´s stocks.
• Blockbuster bids for Circuit City (CC). They offered between $6 and $8 per share in a February letter to CC.