Member 3739


Citigroup aims to sell $400 billion of assets (Reuters)

09-05-2008 23h50
Reuters - Citigroup Inc , the largest U.S. bank, said on Friday it aims to shed $400 billion of assets -- nearly 20 percent of its total -- over the next two to three years to become more efficient and profitable.

Nasdaq turns positive; Dow, S&P 500 cut losses (Reuters)

10-05-2008 01h00
Reuters - The Nasdaq turned positive in mid-morning trading on Friday, led by gains in Microsoft and Research in Motion .

AIG says rating cuts to raise costs (Reuters)

09-05-2008 23h48
Reuters - American International Group said on Friday two rating agency downgrades will likely increase funding costs for some of its businesses, and has required it to post $1.6 billion more in collateral.

Oil ebbs a little from record high (Reuters)

10-05-2008 00h52
Reuters - Oil hit a new peak above $126 on Friday, the fifth straight session of record gains, in a market given an additional spur by tight supplies of diesel.

U.S. crude futures jump more than $2, above $126 (Reuters)

09-05-2008 22h36
Reuters - U.S. crude futures jumped more than $2 to a record high above $126 on Friday, fueled by fund buying and surging distillate prices on both sides of the Atlantic, according to traders.

SMBs Remain Bullish Despite Weak Economy (NewsFactor)

09-05-2008 23h21
NewsFactor - Small businesses are confident that bleak economic conditions will pass without their being adversely affected by the economic downturn, according to a new study of 250 small-business owners. Or, at the very least, they're keeping a stiff upper lip about the downturn and the prospects for a speedy recovery.

Time Is Prime Driver With Mutual Funds (Investor's Business Daily)

09-05-2008 06h59
Investor's Business Daily - Buying a mutual fund is a different game than buying a stock.

Icahn prepared to buy Circuit City if Blockbuster can't (AP)

09-05-2008 22h57
AP - Consumer electronics retailer Circuit City Stores said Friday that it will allow Blockbuster to review its books in connection with the video-rental chain's bid to buy the company.
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