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.
Reuters - Stocks fell on Friday after American
International Group , the world's largest insurer,
reported a record $7.8 billion quarterly loss, rekindling
concerns about financial services companies.
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.
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.
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.
Easily develop robust VB, C++, Delphi and other applications, to rapidly recognize the barcodes from scanned images (TIFF, PDF, JPG) of Driver Licenses and ID Card, in accordance with the Real ID Law of 2005. Decode according to AAMVA ANSI specifications. Use the raw or parsed data. Free SDK supports COM servers and .NET managed code and offers free consulting to developers.
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Sun: Java ubiquity an advantage in RIA battle
(InfoWorld)
InfoWorld - Sun Microsystems is counting on the ubiquitous nature of Java to help its JavaFX technology compete in the rich Internet application (RIA) space against rivals Adobe Systems and Microsoft.
Flomerics surges after rejects Mentor cash bid
(Reuters)
Reuters - Shares in British engineering software
firm Flomerics Group surged on Friday after rejecting a
buyout offer from larger U.S. rival Mentor Graphics, saying it
would explore interest from several other parties.
Grand Theft Auto IV Speeds Past Six Million Mark
(NewsFactor)
NewsFactor - Since its release on April 29, global sales of the Grand Theft Auto 'GTA IV' video game from Take-Two Interactive Software (Nasdaq: TTWO) have surpassed six million units, with an estimated retail value of more than $500 million in the first week. Over the first day alone, GTA IV sales were approximately 3.6 million units with a retail value of $310 million worldwide.