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Citigroup to sell $3 bln in stock; shares fall 29 Apr 08, 18:55 ET Reuters - Citigroup Inc said on Tuesday it plans to sell $3 billion of common stock to bolster its capital levels, sending its shares down in after-hours trading. more Americans unload prized belongings to make ends meet 29 Apr 08, 18:04 ET AP - The for-sale listings on the online hub Craigslist come with plaintive notices, like the one from the teenager in Georgia who said her mother lost her job and pleaded, "Please buy anything you can to help out." more Dollar gains limited by gloomy US data 29 Apr 08, 17:23 ET AFP - The dollar saw modest gains against the euro and mixed trade overall Tuesday as a gathering greenback rally appeared to lose steam on news of another decline in US consumer confidence. more WSJ editor's resignation process flawed: committee 29 Apr 08, 17:00 ET Reuters - The special committee that protects the editorial independence of the Wall Street Journal said on Tuesday the resignation of the paper's top editor failed to meet "the letter and spirit" of an agreement with News Corp, the paper's owner. more New iMac Could Be Big Hit with Gamers 29 Apr 08, 16:35 ET NewsFactor - The upgrades to Apple's iMacs announced Monday might seem pedestrian, but some observers see them as heralding an exciting new future for the Mac -- gaming. more Windows XP SP3 Delayed as Death Nears -- or Maybe Not 29 Apr 08, 16:34 ET NewsFactor - The last upgrade to the popular but dying-or-maybe-not Windows XP operating system was supposed to be out Tuesday, but Microsoft decided to delay the release of XP Service Pack 3 to the Microsoft Download Center. SP3 was released to manufacturing on April 21 and a release via MSDN and Technet download was scheduled for May 2. more Fed needs tough chief in Paul Volcker mould 29 Apr 08, 15:50 ET FT.com - What got us into our financial pickle? Most academics are prisoners of the Efficient Market Hypothesis that assumes man acts rationally and efficiently in economic matters in ways that can be caught in elegant mathematical models. Ben Bernanke, chairman of the Federal Reserve, shares this view completely, and Alan Greenspan, his predecessor, when it suits him. In such a convenient world, there can be no bubbles and no crashes. ... more Auto retailers struggle to offset new car slump 29 Apr 08, 15:16 ET Reuters - Major U.S. auto retail groups on Tuesday posted quarterly results that underscore their mixed success in offsetting pressure from slumping new vehicle sales through sales of used cars, financing and service operations. more How Successful Companies Develop Their Sales Teams 29 Apr 08, 15:13 ET NewsFactor - Not enough companies have learned how to employ sales training as a strategic tool. Those that have are leaders in their industries, offering their shareholders maximum return on investment. They are able to quickly adapt to changing market conditions, are respected by their customers, and provide consistent sales performance. more Renault head maintains 2008 targets despite difficulties 29 Apr 08, 14:35 ET AFP - The head of French automaker Renault, Carlos Ghosn, said Tuesday the group was maintaining its 2008 growth targets but warned the next few months would be difficult in an "unfavorable environment." more Fed seen cutting rates as consumer hopes swoon 29 Apr 08, 14:08 ET Reuters - The Federal Reserve began a two-day meeting on Tuesday that was expected to end with a small interest rate cut that could be the last in a string of reductions dating to mid-September. more Countrywide, GMAC post big losses on mortgages 29 Apr 08, 13:21 ET Reuters - Countrywide Financial Corp and GMAC LLC, which run the largest independent U.S. mortgage lenders, on Tuesday posted big first-quarter losses, hurt by credit problems as the nation's housing slump deepens. more Dollar gains on euro limited by gloomy US data 29 Apr 08, 13:17 ET AFP - A gathering rebound by the dollar against the euro lost steam Tuesday as the US unit faced selling pressure on news of another decline in US consumer confidence. more NBC, CBS seen bidding for Weather Channel 29 Apr 08, 13:14 ET Reuters - CBS Corp and GE's NBC Universal plan to bid for the Weather Channel in the second round, with bids expected to range between $3.5 billion and $4 billion, people familiar with the matter said on Tuesday. more Confidence slumps as home prices post record fall 29 Apr 08, 13:09 ET Reuters - Consumer confidence fell to a five-year low this month as Americans confronted the grimmest jobs outlook since late 2004, while data also showed a record drop in home prices in February. more Northwest leads airline shares higher on oil drop 29 Apr 08, 13:03 ET Reuters - Airline shares rocketed higher on Tuesday, led by Northwest Airlines , on a sharp decline in the price of crude oil, which is directly linked to the price of jet fuel. more BP and Shell post big profits in era of record oil prices 29 Apr 08, 12:36 ET AP - BP PLC and Royal Dutch Shell PLC, Europe's two biggest oil producers, posted forecast-busting first-quarter earnings on Tuesday thanks to record crude oil prices that are expected to bolster profits across the industry. more Merck hit hard by cholesterol drug rejection 29 Apr 08, 11:51 ET Reuters - Confidence in Merck & Co's earnings prospects withered on Tuesday, along with its stock price, after U.S. regulators surprisingly rejected the drugmaker's treatment to raise levels of "good" HDL cholesterol. more Consumer confidence drops in April on inflation, job worries 29 Apr 08, 10:22 ET AP - Soaring gas prices and weaker job prospects made Americans gloomier about the economy in April, sending a widely watched measure of consumer sentiment even lower, a private research group said Tuesday. more Consumer confidence hits 5-year low 29 Apr 08, 10:07 ET Reuters - Confidence among consumers fell to a five-year low in April as they confronted the grimmest jobs market since autumn 2004, the Conference Board said on Tuesday. more Declines in Europe, tubular lower US Steel profit 29 Apr 08, 10:04 ET AP - United States Steel Corp.'s first-quarter earnings slipped 14 percent as higher sales failed to offset pretax charges and declines in its European and tubular businesses, the company said Tuesday. more Stocks edge lower with investors wary of consumer data, Fed 29 Apr 08, 09:58 ET AP - Stocks edged lower in early trading Tuesday ahead of a report that's expected to show another decline in consumer confidence this month. more MasterCard profit more than doubles as card use abroad rises 29 Apr 08, 09:51 ET AP - MasterCard's profit more than doubled in the first quarter, the card processor said Tuesday, as more customers outside the United States used their credit and debit cards for purchases. more S&P says home prices fall by 12.7 percent in February 29 Apr 08, 09:13 ET AP - A closely watched index shows that U.S. home prices fell by 12.7 percent in February versus last year, with 17 of the 20 metro areas reporting record annual declines. more Countrywide swings to loss 29 Apr 08, 09:00 ET Reuters - Countrywide Financial Corp , the mortgage lender being acquired by Bank of America Corp , on Tuesday posted a surprisingly large $893.1 million first-quarter loss, as it took more than $3 billion of charges for write-downs and bad loans. more MasterCard earnings more than double 29 Apr 08, 08:58 ET Reuters - MasterCard Inc said on Tuesday first-quarter earnings more than doubled, helped by the weak dollar and the sale of a stake in a Brazilian credit card services company. more Oil falls below $117 as dollar rises 29 Apr 08, 08:57 ET Reuters - Oil fell more than $2 a barrel on Tuesday, retreating further from a record high hit a day before, as the dollar firmed and a strike ended at Britain's Grangemouth refinery. more McGraw-Hill profit falls 44 percent 29 Apr 08, 08:47 ET Reuters - McGraw-Hill Cos Inc said on Tuesday first-quarter earnings fell 44 percent as its Standard & Poor's credit market unit, which includes a bond rating agency, generated less revenue amid the credit crunch. more Countrywide loses $893 million in 1Q on rising loss reserve 29 Apr 08, 08:28 ET AP - Countrywide Financial says it lost $893 million during the first quarter due to a sharp increase in its provision for loan losses. more A Guide for Family Businesses 29 Apr 08, 08:08 ET BusinessWeek Online - The owners of wrayco Industries -- two brothers, a sister, and their parents -- recently held a meeting in a quiet retreat near their Stow (Ohio) headquarters. Their task: to write a family constitution. The family wanted to come up with a consensus based on their hopes for the future of the $38 million company, which manufactures specialty fuel tanks for construction and other equipment. ... more Record oil prices drive Shell 1Q profits up 25 percent 29 Apr 08, 07:59 ET AP - Royal Dutch Shell PLC reported a 25 percent rise in first-quarter earnings on Tuesday, crediting strong increases in oil prices. more BP 1Q profit rises 63 percent on record oil prices 29 Apr 08, 07:58 ET AP - BP PLC, Europe's second biggest oil producer, reported a 63 percent surge in first quarter net profit on Monday after crude oil prices soared to an all-time high and natural gas prices also rose. more Stock futures slip on Merck; Fed in focus 29 Apr 08, 07:54 ET Reuters - Stock futures fell on Tuesday after regulators rejected Merck & Co Inc's new cholesterol drug and investors feared more bleak housing and consumer confidence data would undermine sentiment. more Wal-Mart to cash tax rebate checks for free 29 Apr 08, 07:39 ET Reuters - Wal-Mart Stores Inc on Tuesday unveiled its plans to entice U.S. shoppers to spend their tax rebates in its discount stores, offering to cash the checks for free and saying it has cut prices on key items such as cereal and lunch meat. more ICBC Q1 profit surges; takes further subprime hit 29 Apr 08, 06:24 ET Reuters - Industrial and Commercial Bank of China (1398.HK)(601398.SS), the world's biggest bank by market value, posted a 77 percent jump in first-quarter profit on Tuesday and booked a further $58 million worth of provisions for its exposure to the U.S. subprime mess. more Homes facing foreclosure more than doubled in 1Q from 2007 29 Apr 08, 06:18 ET AP - The number of U.S. homes heading toward foreclosure more than doubled in the first quarter from a year earlier, as weakening property values and tighter lending left many homeowners powerless to prevent homes from being auctioned to the highest bidder, a research firm said Monday. more BP profits rocket on runaway oil prices 29 Apr 08, 06:05 ET AFP - British energy giant BP said Tuesday that net profit surged 63.4 percent to 7.62 billion dollars (4.90 billion euros) in the first quarter of the year, driven by record-high oil prices. more Shell, BP profits jump on record oil price 29 Apr 08, 05:39 ET Reuters - Oil giants Royal Dutch Shell (RDSa.L) and BP beat forecasts to post big rises in first quarter profits on Tuesday, lifting shares across the sector, as investors bet oil prices above $100/barrel would be an even bigger bonanza than expected. more Ex-Fed official criticizes Bear Stearns rescue: report 29 Apr 08, 04:23 ET Reuters - A former top Federal Reserve official has said that the Fed's bailout of Bear Stearns Cos will come to be viewed as the "worst policy mistake in a generation," the Wall Street Journal reported on Tuesday. more ArborOne COO Kathy Heustess Receives FMU Outstanding Alumnus Award 29 Apr 08, 03:01 ET PRWeb - Morgan B. Coker School of Business Honors Business Success, Community Involvement more Mansfield Acquires TransMontaigne's Commercial and Industrial Delivered Fuel Business, Announces Opening of Denver Office 29 Apr 08, 03:01 ET PRWeb - Customer praises Mansfield for supporting existing team in Denver office, continuing to deliver innovative supply chain logistics services to a growing national accounts business. more Market turmoil pushes Deutsche Bank into the red 29 Apr 08, 01:39 ET Reuters - Deutsche Bank (DBKGn.DE) made its first quarterly loss in five years as the cost of the global financial crisis mounted for Germany's biggest bank. more Oil below $119 a barrel as supply concerns ease 29 Apr 08, 00:31 ET AP - Oil prices fell Tuesday amid expectations that a supply disruption in the U.K. would soon be resolved and as the U.S. dollar held its ground against the euro. more US groups in China call for freer trade 29 Apr 08, 00:16 ET AP - Three American business groups are appealing to Washington and Beijing to promote freer trade and reject protectionism amid slowing U.S. economic growth and a widening trade gap with China. more GM to lay off 3,550 at 4 pickup truck and SUV factories 29 Apr 08, 00:15 ET AP - The dwindling U.S. auto market and an accelerating shift from trucks to cars has brought grim layoff news to four General Motors Corp. factories. more Gasoline prices top concerns over jobs, health troubles 29 Apr 08, 00:02 ET AP - Paying for gasoline easily tops the list of economic woes facing families in the United States, according to a survey on how changes in the economy have affected people's lives. more

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