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Oil ebbs a little from record high
LONDON (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.
[Posted
on :
2008-05-09 ] Category : [
US (Business) ]
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AIG says rating cuts to raise costs
NEW YORK (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.
[Posted
on :
2008-05-09 ] Category : [
US (Business) ]
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AIG loss, oil, drug firms rattle investors
NEW YORK (Reuters) - Socks 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.
[Posted
on :
2008-05-09 ] Category : [
US (Business) ]
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Oil over $126, new peak for 5th straight day
LONDON (Reuters) - Oil prices leapt to a new peak of more than $126 a barrel on Friday, hitting a record for the fifth straight session, in a market given an additional spur by tight supplies of diesel.
[Posted
on :
2008-05-09 ] Category : [
US (Business) ]
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Wall Street falls at open after AIG loss
NEW YORK (Reuters) - Stocks dropped at the open on Friday, with the Dow briefly falling more than 1 percent early, after American International Group's record loss hurt financial shares and renewed fears of bad news from the credit crisis.
[Posted
on :
2008-05-09 ] Category : [
US (Business) ]
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U.S. crude futures jump more than $2, above $126
NEW YORK (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.
[Posted
on :
2008-05-09 ] Category : [
US (Business) ]
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Circuit City to let Blockbuster conduct diligence
NEW YORK (Reuters) - Circuit City Stores Inc said on Friday that it will allow Blockbuster Inc and the movie-rental company's largest shareholder, Carl Icahn, to conduct due diligence in connection with Blockbuster's proposed acquisition of Circuit City.
[Posted
on :
2008-05-09 ] Category : [
US (Business) ]
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Citigroup aims to sell $400 billion of assets
PHILADELPHIA (Reuters) - Citigroup Inc , the largest U.S. bank, said on Friday said it aims to shed $400 billion of assets over the next two to three years, in a drive to become more efficient.
[Posted
on :
2008-05-09 ] Category : [
US (Business) ]
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