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

A man walks past the Citibank building in San Francisco, California April 30, 2008. (Robert Galbraith/Reuters)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)

Traders work on the floor of the New York Stock Exchange, April 3, 2008. (Keith Bedford/Reuters)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.


AIG sees no signs of mortgage asset market rebound yet (Reuters)

An AIG sign is seen on an office building in Los Angeles, California May 8, 2008. (Fred Prouser/Reuters)Reuters - American International Group , after disappointing with a worse-than-expected loss on Thursday, did little to buoy investor spirits on Friday, telling shareholders it does not yet see signs of a rebound in the market for mortgage assets, which have cost it dearly over the past two quarters.


Oil hits record $126 on supply worry (Reuters)

A customer pumps gas at a Shell gas station in Cambridge, Massachusetts, April 29, 2008. (Brian Snyder/Reuters)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.


Countrywide falls on worry over B of A merger (Reuters)

A Countrywide branch location is seen in Burlington, Massachusetts May 5, 2008. (Brian Snyder/Reuters)Reuters - Countrywide Financial Corp shares fell nearly 6 percent on Friday on renewed speculation that Bank of America Corp will renegotiate or cancel its agreement to buy the largest U.S. mortgage lender.


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

In this April 14, 2008 file photo, shoppers walk out of a Circuit City store in Richmond, Va.. Circuit City Stores says it received a letter Friday, May 9, 2008, stating Blockbuster's largest shareholder Carl Icahn is prepared to buy the company if Blockbuster does not receive the appropriate financing or shareholder approval. (AP Photo/Steve Helber, file)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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