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Yahoo! News: Business Sat, 10 May 2008 16:46:55 GMT |
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News Corp pulls bid for Newsday
(Reuters)
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 Reuters - Rupert Murdoch's News Corp (NWSa.N)
has withdrawn its bid to buy Tribune Co's Newsday newspaper, a
spokesman said on Saturday.
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Citigroup aims to shed $400 billion of assets
(Reuters)
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 Reuters - Citigroup Inc said on Friday it plans
to shed $400 billion of assets within three years and boost
revenue by up to 10 percent annually, in a bid to restore
profitability after huge losses tied to flagging mortgage and
credit markets.
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AIG's loss and record oil sour mood on Wall St
(Reuters)
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 Reuters - Stocks fell on Friday as the price of
oil set another record and concerns about the financial sector
flared up again after American International Group Inc
reported a massive loss.
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Shell pulls out of Iran gas deal
(Reuters)
- Reuters - Oil major Royal Dutch Shell (RDSa.L) has
pulled out of a planned gas project in Iran, after coming under
pressure not to participate from U.S. lawmakers who were
concerned about Iran's nuclear programme.
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Oil hits record $126 on supply worry
(Reuters)
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 Reuters - Oil jumped to a record above $126 a
barrel on Friday, extending gains to more than 11 percent since
the start of the month on fuel supply concerns and a rush of
speculator buying.
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March trade deficit drops by bigger-than-expected amount
(AP)
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 AP - The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending. Analysts forecast that trade would continue to be one of the economy's few bright spots this year.
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Time Is Prime Driver With Mutual Funds
(Investor's Business Daily)
- Investor's Business Daily - Buying a mutual fund is a different game than buying a stock.
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Barney's chief executive to resign: paper
(Reuters)
- Reuters - The chief executive of luxury clothing
retailer Barneys New York has said he plans to resign, The New
York Times reported on Saturday.
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