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Promises kept, problems remain after 30 years of casinos 9 May 08, 23:22 ET AP - The ads were titled "Help Yourself, Help Atlantic City, Help New Jersey," and they made a series of promises, if only voters would pull the "yes" lever to legalize casino gambling. more JVC, Kenwood to form holding company: sources 9 May 08, 22:24 ET Reuters - Japanese mid-sized electronics makers JVC (6792.T) and Kenwood Corp (6765.T) have agreed to integrate their businesses under a holding company in October, sources close to the matter said on Saturday. more Federal regulators close Arkansas bank ANB Financial 9 May 08, 20:45 ET AP - Federal regulators says they've closed ANB Financial National Association banks after discovering "unsafe and unsound" business practices there. more FedEx cuts 4Q profit forecast, blames fuel costs 9 May 08, 18:23 ET AP - FedEx Corp. cut its fourth-quarter earnings expectations Friday, blaming continuing increases in fuel costs. more FedEx cuts profit forecast on fuel costs 9 May 08, 17:28 ET Reuters - Package delivery company FedEx Corp slashed its quarterly earnings forecast on Friday, blaming surging fuel prices and a drop in demand caused by the weak economy, sending its shares down 3 percent. more Circuit City allows Blockbuster, Icahn to review books 9 May 08, 17:23 ET AP - Circuit City Stores Inc. on Friday gave in to pressure from activist shareholders, essentially putting itself up for sale and agreeing to nominate dissident directors to its board. more Congress Ponders Differing Net-Neutrality Bills 9 May 08, 16:37 ET NewsFactor - The Internet neutrality issue has once again taken center stage in Congress, where two bills are under scrutiny. During a hearing to discuss pending legislation, the chairman of the House Subcommittee on Telecommunications and the Internet noted that commercial success for many Internet-based companies depends on an open Internet. more Why Generalized Sales-Training Programs Just Don't Work 9 May 08, 16:26 ET NewsFactor - In my opinion, hundreds of millions of dollars worldwide are wasted every year on irrelevant, unnecessary or inappropriate sales-skills development, and there are four obvious reasons why. more Countrywide falls on worry over B of A merger 9 May 08, 15:39 ET 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. more Auto parts supplier Delphi reports wider loss 9 May 08, 15:31 ET AP - Auto parts maker Delphi Corp. reported on Friday that it lost more money in the first quarter than it did a year ago, but that an increased credit line will still allow it to emerge from bankruptcy protection intact. more Mortgage credit losses could total $500 bln: Goldman 9 May 08, 15:25 ET Reuters - Goldman Sachs economists expect a total of $500 billion in residential mortgage credit losses, a renewed slowdown in economic activity after the near-term boost from fiscal stimulus, and no monetary policy tightening in 2008 or 2009, according to a research note from the firm. more Microsoft appeals against EU fine 9 May 08, 14:54 ET Reuters - Microsoft said on Friday it was appealing against a record 899 million euro ($1.39 billion) fine imposed by the European Commission for using high prices to discourage software competition. more Microsoft Telescope Will Bring Universe to the Desktop 9 May 08, 13:26 ET NewsFactor - Having conquered much of planet Earth, Microsoft is turning at least some of its attention to the sky. WorldWide Telescope (WWT), a free tool that allows users to explore images of the night sky, will become available at the end of this month. more On Wall St: The elephant in the room 9 May 08, 13:20 ET FT.com - Fannie Mae (NYSE:FNM), the biggest buyer of US mortgages, this week demonstrated why it is the elephant in the room when it comes to the ranks of financial institutions deemed too big to fail. more Former Siemens chief will not face penal charges: prosecutor 9 May 08, 13:13 ET AFP - Heinrich von Pierer, former Siemens chief and supervisory board president, will not face penal charges in connection with a vast corruption scandal at the German engineering giant, prosecutors in southern Munich said in a statement on Friday. more AIG says rating cuts to raise costs 9 May 08, 10:48 ET 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. more Citigroup to shed $500B in assets 9 May 08, 10:20 ET AP - Citigroup Inc. said Friday it aims to shed about $500 billion in assets and grow revenue by 9 percent over the next few years, as it tries to rebound from massive losses tied to deterioration in the mortgage and credit markets. more Clear Channel posts weaker-than-expected profit 9 May 08, 10:06 ET Reuters - Clear Channel Communications Inc posted a weaker-than-expected quarterly profit on Friday and the U.S. radio station operator said it was unclear whether a proposed buyout would be completed. more Icahn prepared to buy Circuit City if Blockbuster can't 9 May 08, 09:57 ET AP - Consumer electronics retailer Circuit City Stores said Friday that it will allow Blockbuster to review its books in connection with the video-rental chain's bid to buy the company. more China producer price index up 8.1 pct 9 May 08, 09:55 ET AP - China's producer price index, a key indicator of inflation, rose 8.1 percent in April over the same month a year earlier, the government reported Friday, as a top economic official sought new controls to cool rising prices. more Oil surpasses $126 per barrel ahead of US driving season 9 May 08, 09:45 ET AP - Oil prices surpassed a record $126 per barrel Friday on the eve of the U.S. driving season as a weakening dollar drove investors to snap up commodities. more Stocks open lower as AIG reveals need for cash, oil surges 9 May 08, 09:43 ET AP - Wall Street fell sharply early Friday as investors digested wider-than-expected losses at insurer American International Group Inc. and another worrisome spike in oil prices. more Diageo brews Irish Guinness overhaul 9 May 08, 09:34 ET AP - Guinness beer owner Diageo PLC rattled an Irish icon Friday, announcing plans to lay off more than half of its brewery workers, close two breweries and shift most beer production to a new, high-tech plant in the Dublin suburbs by 2013. more Circuit City to let Blockbuster conduct diligence 9 May 08, 09:25 ET 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. more March trade deficit drops by bigger-than-expected amount 9 May 08, 09:24 ET 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. more Citigroup targeting 9 percent revenue growth 9 May 08, 09:02 ET AP - Citigroup Inc. said Friday it is aiming for 9 percent revenue growth as it looks to rebound from recent struggles tied to deterioration in the mortgage and credit markets. more Wall Street set to stumble on AIG loss 9 May 08, 08:58 ET Reuters - Stock index futures fell on Friday, with financial stocks poised to decline after American International Group , the world's largest insurer, reported a larger-than-expected record loss. more Sanofi hit by ge 9 May 08, 08:41 ET Reuters - French drugmaker Sanofi-Aventis , which briefly encountered generic competition to its second-biggest product Plavix in the United States in 2006 and 2007, now faces a similar threat in Europe. more Student Health: What You Need to Know 9 May 08, 08:08 ET BusinessWeek Online - Over 5 million college students in the U.S. lack coverage under their parents' health insurance plans. Most colleges try to fill this gap by offering a school-sponsored health insurance plan. But a school's seal of approval does not mean the plan will be sufficient in a time of need. In fact, better options may be available elsewhere. Students and parents should thoroughly examine the plan before signing up. Here are a few things industry experts say you should consider when looking for a college health plan: more Foreclosure Bargains on the Block 9 May 08, 08:08 ET BusinessWeek Online - At the end of 2006 a new 4,000-square-foot home with a three-car garage in a small gated subdivision in Las Vegas sold for $1 million. On May 6 the bank that owns the now foreclosed property at 7604 Noche Oscura Circle agreed to sell it for $500,000 ($32,900 below the already discounted asking price). more The Rise of the European B-School 9 May 08, 08:08 ET BusinessWeek Online - European MBA programs may have traditionally lacked the brand recognition of their U.S. counterparts, but that's changing fast. The continent's increasingly dynamic business environment, improvements to curricula, and growing corporate demand for employees with international experience are attracting top-notch candidates from all over the world. In addition, most Europe management programs are cheaper, shorter, smaller, and more diverse than their U.S. rivals, which is drawing a growing number of American students to studies in the Old World. more European equities sapped by runaway oil prices 9 May 08, 07:51 ET AFP - European stock markets fell sharply on Friday as record high crude prices above 125 dollars per barrel hurt oil-exposed airlines and heightened concerns about inflation and rising costs, dealers said. more Takeda sees big profit slump on Millennium costs 9 May 08, 06:52 ET Reuters - Japan's Takeda Pharmaceutical Co Ltd (4502.T) posted a 77 percent drop in quarterly operating profit as it spent to boost its pipeline, and forecast a sharp fall in annual income linked to the costs of its $8 billion-plus purchase of Millennium Pharmaceuticals. more Toyota shares slide after bleak profit forecasts 9 May 08, 03:40 ET Reuters - Shares in Toyota Motor Corp skidded on Friday after the world's biggest automaker forecast its first annual net profit decline in seven years as it faces a triple blow of a stronger yen, rising materials prices and a slowing U.S. economy. more Top 3 air carriers boost fuel charge by $20 roundtrip 9 May 08, 02:51 ET AP - The three biggest U.S. carriers said Thursday they have again raised ticket prices, this time by $20 roundtrip, to recoup rapidly rising fuel costs. more More shoppers seeking shelter from economy in discounters 9 May 08, 02:50 ET AP - Caught in the maelstrom of higher gas and food prices, Americans - even more affluent ones - are seeking shelter in wholesale clubs and discount apparel chains. more AIG posts 1Q loss of $7.8B, plans to raise $12.5B 9 May 08, 02:47 ET AP - American International Group Inc. says it will raise $12.5 billion in the coming months as the insurer looks to shore up a capital base that has been rocked by deterioration in the credit markets. more Western states rebuff plan for Italian nuclear waste in Utah 9 May 08, 02:22 ET AP - Eight Western states on Thursday rejected a company's plan to ship tons of radioactive waste from Italy for disposal in Utah, saying importing foreign loads would violate the group's rules. more Oil surges to record high as funds march in 9 May 08, 01:45 ET Reuters - Oil rose to a fresh record near $125 a barrel on Friday, as a strong performance over the last week and a surge in heating oil futures convinced investment funds to push prices higher. more Nissan to outsource sales network setup in India 9 May 08, 01:14 ET Reuters - Japan's Nissan Motor Co said on Friday it had appointed Hover Automotive India Private to develop its sales network in India, with the aim of establishing 55 dealers by 2012 to sell more than 100,000 vehicles that year. more Survey says executives see oil prices falling 9 May 08, 00:05 ET AP - Even as oil prices ascended to new highs of more than $124 a barrel this week, many oil and gas industry executives say they expect the price to fall significantly by year's end, a new survey shows. more

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