| Business News |
Citigroup aims to shed $400 billion of assets
(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.
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AIG's loss and record oil sour mood on Wall St
(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.
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AIG sees no signs of mortgage asset market rebound yet
(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.
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Oil hits record $126 on supply worry
(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.
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Countrywide falls on worry over B of A merger
(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.
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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.
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| Clinton takes hit in new poll on White House race - 27, Mar 2008 |
WASHINGTON (Reuters) - Democratic presidential candidate Hillary Clinton's positive rating has dropped to a new low of 37 percent in an NBC/Wall Street Journal poll released on Wednesday.
According to the poll, the New York senator's positive rating slid 8 percentage points in two weeks and she had a negative rating of 48 percent in a week where she admitted making a mistake in claiming she had come under sniper fire during a 1996 trip to Bosnia.
Clinton's Democratic rival, Illinois Sen. Barack Obama, also saw a slight dip in his positive rating, to 49 percent from 51 percent, the poll found.
Clinton, who would be the first female U.S. president, and Obama, who would be the first black president, are in a heated battle for the Democratic nomination to face presumptive Republican nominee John McCain in November's election.
The survey was taken after Obama gave a speech last week on race in America and rejected racially charged remarks by his pastor in Chicago of two decades, Rev. Jeremiah Wright.
NBC said 32 percent of respondents said Obama "sufficiently addressed the issue" and 26 percent said he needed to say more about the Wright controversy.
More than half of those surveyed -- 55 percent -- said they were "disturbed" by the videos of Wright that were widely circulated on television and the Internet, the poll found.
In head-to-head matchups, Obama and Clinton were even at 45 percent. In general election matchups, Obama led McCain by 44 percent to 42 percent and McCain led Clinton by 46 percent to 44 percent.
When asked which candidate could unite the country if elected, 60 percent said Obama, 58 percent said McCain and 46 percent said Clinton.
(c) 2008 Reuters
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| Other news from HotNews category: |
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WASHINGTON (Reuters) - A group of senior U.S. senators urged President George W. Bush on Friday to visit Tibet when he travels to China in August to attend the Beijing Olympics.
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TORONTO/OTTAWA (Reuters) - Canadian health officials said on Friday that a death and reported outbreak of flu-like symptoms aboard a cross-Canada train were not due to an infectious disease and in fact were likely not related at all.
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WASHINGTON (Reuters) - Good weather will help the world's farmers reap record wheat and rice crops this year, the U.S. government said on Friday, which should allay fears of shortages and help bring prices down from current high levels.
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YANGON (Reuters) - The United Nations appealed for $187 million in aid on Friday to help 1.5 million victims in cyclone-ravaged Myanmar and said it would resume relief flights despite the military government's seizure of food supplies.
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BEAVERTON, Oregon (Reuters) - Democrat Barack Obama turned his focus to a general election showdown with John McCain on Friday and said the Republican White House candidate would continue the failed policies of President George W. Bush.
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BEIRUT (Reuters) - Lebanon's Iranian-backed Hezbollah group took control of the Muslim half of Beirut on Friday in what the U.S.-backed governing coalition described as "an armed and bloody coup".
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ISLAMABAD (Reuters) - Pakistan's new government is trying to convince the United States that unilateral strikes against al Qaeda militants on its territory could be "counter-productive", the country's foreign minister said on Friday.
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GENEVA (Reuters) - The United Nations Human Rights Council will hold a special session on May 23 to examine how the world's food crisis is undermining the right to food for millions of people, officials said on Friday.
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ST POELTEN, Austria (Reuters) - An Austrian court on Friday ordered Josef Fritzl, who kept his daughter in a cellar for 24 years and had seven children with her, to be kept in custody for a further month, a court spokesman said.
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BERLIN (Reuters) - The Dalai Lama says he understands why Tibetan exiles were angry that the Olympic torch reached the top of Mount Everest but had advised them against protesting.
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