Member 4504


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.

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

10-05-2008 04h44
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.

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.

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.

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.

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.
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