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Yahoo! News: Business
Citigroup aims to sell $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 , 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)

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

An AIG sign is seen on an office building in Los Angeles, California May 8, 2008. (Fred Prouser/Reuters)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)

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

Flames rise from an oil refinery in Cairo, May 6, 2008. (Nasser Nuri/Reuters)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)
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.
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