Apple is proving it can weather the economic slowdown. Apple made more than a billion dollars in the first 3 months of the year. Sales of its Mac computers shot up 51% and it sold nearly 2 million iPhones during the quarter. Things are not as rosy over at Amazon where the Internet retailers said quarterly profits rose on higher sales of electronics and video games... but Amazon lowered its profit outlook for the rest of the year. Starbucks is sounding a profit warning. The coffee retail chain lowered its profit outlook for the second quarter and the full year. The CEO is blaming the weak economy and falling home prices for the dismal profit outlook. Investors will be watching for earnings news later today from a slew of companies, including Microsoft, Ford, and Pepsi. On Wall Street, stocks rose for the first time in 3 days after oil took a break from its record run, and plane maker Boeing wowed Wall Street with its earnings. The Dow climbed 43 points while the NASDAQ rose 28. The Justice Department is concerned about Google and Yahoo! teaming up to test online ads. Officials are worried that tests may violate anti-trust laws. The Justice Department is reportedly focused on a phone call...between the CEOs of Google and Yahoo! in which they talked about thwarting Microsoft’s 45 billion-dollar takeover bid for Yahoo!. That’s your Money Watch. You can click on for more business headlines. In New York, I’m Alexis Christoforous.