Londonderry New Hampshire News Center
Shell pulls out of Iran gas deal (Reuters)
May 11, 2008Reuters - 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.
Oil hits record $126 on supply worry (Reuters)
May 11, 2008
Reuters - Oil jumped to a record above $126 a
barrel on Friday, extending gains to more than 11 percent since
the start of the month on fuel supply concerns and a rush of
speculator buying.
March trade deficit drops by bigger-than-expected amount (AP)
May 11, 2008
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.
Time Is Prime Driver With Mutual Funds (Investor's Business Daily)
May 11, 2008Investor's Business Daily - Buying a mutual fund is a different game than buying a stock.
Barney's chief executive to resign: paper (Reuters)
May 11, 2008Reuters - The chief executive of luxury clothing retailer Barneys New York has said he plans to resign, The New York Times reported on Saturday.
News Corp unexpectedly drops bid for Newsday (Reuters)
May 11, 2008
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.
Citigroup aims to shed $400 billion of assets (Reuters)
May 11, 2008
Reuters - Citigroup 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.
AIG's loss and record oil sour mood on Wall St (Reuters)
May 11, 2008
Reuters - Stocks fell on Friday as the price of
oil set another record and concerns about the financial sector
flared up again after American International Group Inc
reported a massive loss.
Inside Microsoft's war against Google
May 11, 2008
Even before yanking the Yahoo offer, Microsoft's Steve Ballmer had begun laying the groundwork for a strategy to compete with Google in online advertising.
Murdoch withdraws bid to buy Newsday
May 11, 2008News Corp., the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island daily paper Newsday, a News Corp.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.
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