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News Corp. withdraws bid to buy NY newspaper Newsday 10 May 08, 17:02 ET AP - News Corp., the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island daily paper Newsday, a News Corp. spokeswoman said Saturday. more News Corp unexpectedly drops bid for Newsday 10 May 08, 15:05 ET Reuters - Rupert Murdoch's News Corp (NWSa.N) on Saturday dropped its $580 million bid for Tribune Co's Newsday newspaper, just days after Murdoch said a deal was imminent, leaving cable television operator Cablevision as the likely winner of the Long Island daily. more Murdoch withdraws bid for Newsday: report 10 May 08, 14:41 ET AFP - Media titan Rupert Murdoch's NewsCorp has withdrawn its bid to buy the New York area newspaper Newsday, leaving Cablevision the likely victor, the Wall Street Journal said on Saturday. more Young widower pushes for change in Mass. life insurance law 10 May 08, 13:35 ET AP - When Jenny and John Crowley learned they were having a baby, they did the responsible thing: they bought life insurance. more Italy seeks private Italian hands for Alitalia 10 May 08, 11:06 ET AFP - Italy is seeking solutions for Alitalia that would keep it both Italian and privately owned, the government said Saturday, responding to EU warnings against renationalising the ailing air carrier. more Shell pulls out of Iran gas deal 10 May 08, 08:52 ET Reuters - Oil major Royal Dutch Shell (RDSa.L) has pulled out of a planned gas project in Iran, after coming under pressure not to participate from U.S. lawmakers who were concerned about Iran's nuclear programme. more Brokerages demystify options trading as way to ride markets 10 May 08, 07:18 ET AP - For Kim Snider, it only takes one word to send participants in her monthly investment workshops into a near panic. The Dallas-based financial adviser gets the same reaction, without fail, every time she suggests using options as a way to protect stock portfolios and make money. more Citigroup to shed nearly $500 billion in assets 10 May 08, 07:06 ET AP - Citigroup Inc.'s new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review - but only after shrinking the company by about one-fifth first. more Gas jumps above $3.67, oil passes $126 on Venezuela concerns 10 May 08, 07:02 ET AP - Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. Gas prices, meanwhile, rose above an average $3.67 a gallon at the pump, following oil's recent path higher. more Stocks decline as AIG reveals need for cash, oil surges 10 May 08, 06:59 ET AP - Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week. more FedEx cuts 4Q profit forecast, blames fuel costs 10 May 08, 06:57 ET AP - FedEx Corp. cut its fourth-quarter earnings expectations Friday, blaming continuing increases in fuel costs. more March trade deficit drops by bigger-than-expected amount 10 May 08, 06:56 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. Analysts forecast that trade would continue to be one of the economy's few bright spots this year. more Barney's chief executive to resign: paper 10 May 08, 03:18 ET Reuters - The chief executive of luxury clothing retailer Barneys New York has said he plans to resign, The New York Times reported on Saturday. more Mother's Day Localized: Forty Ways to Wish Your Mom Happy Mother's Day 10 May 08, 03:01 ET PRWeb - Looking for a fun way to greet mom on her day? Check out http://www.gala-global.org/mothersday more

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