Friday, May 9, 2008

AIG, oil pummel stocks

Citigroup aims to shed $400 billion of assets

Citigroup Inc , the largest U.S. bank, 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 sees no signs of mortgage asset market rebound yet

Citigroup to shed nearly $500B in assets 9 minutes ago

Crude tops $126; stocks slump

Mortgage credit losses could total $500 bln: Goldman

FSLR 285.56 +9.76 +3.54%

GOOG 573.00 -10.01 -1.72%

MA 288.30 -5.10 -1.74%

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