Member 2180


Citigroup eyes selling Japan consumer unit: paper (Reuters)

11-05-2008 14h26
Reuters - Citigroup Inc is considering selling its Japanese consumer finance company CFJ KK or cutting the unit's business significantly as part of its plans to shed assets, Japanese daily Nikkei reported on Sunday.

News Corp unexpectedly drops bid for Newsday (Reuters)

11-05-2008 04h05
Reuters - Rupert Murdoch's News Corp (NWSa.N) on Saturday dropped its $580 million bid for Tribune Co's Newsday newspaper, just days after Murdoch said a deal was imminent, leaving cable television operator Cablevision as the likely winner of the Long Island daily.

Shell pulls out of Iran gas deal (Reuters)

10-05-2008 21h52
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.

AIG's loss and record oil sour mood on Wall St (Reuters)

10-05-2008 05h30
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.

Oil hits record $126 on supply worry (Reuters)

10-05-2008 04h45
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.

March trade deficit drops by bigger-than-expected amount (AP)

10-05-2008 19h56
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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