| May 09, 2008 7:29 PM ET |
Oil's gains will pressure markets next week. Stocks tumble, with the Dow off 121 points because of American International Group's huge loss. FedEx says higher fuel costs will chop second-quarter profit by 20%. Microsoft will appeal an EU fine. |
The death of ExxonMobil?![]() The petroleum giant is shying from risky exploration and spending money on buying back stock. Over the long haul, those moves could lead the company to go private or disappear. Jubak's Journal / Jim Jubak A crash diet for the grocery billMSN Money columnist MP Dunleavey lays out an ambitious goal: To use smarter shopping and meal planning to cut her family's food spending in half. Multimedia coverage
Financial news centerCitigroup aims to shed $400 billion of assetsCitigroup 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. 5/9/2008 3:44 PM
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Market update
[BRIEFING.COM] The stock market remained in a funk for the majority of Friday's trading, but managed to attract some modest buying interest late in the session. The buying was short-lived as stocks retreated to close at their previous levels,...more...
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