Archive for May 9th, 2008

These days, more and more people are saying "Charge it."

Citigroup Inc. said Friday it planned to unload $400 billion in assets over the few years as the beleaguered banking icon aims to reinvigorate itself.

Stocks slumped Friday morning, as record oil and gas prices and a big quarterly loss for Dow component AIG gave investors a reason to retreat.

Icahn prepared to buy Circuit City if Blockbuster cannot get financing, shareholder approval

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D-Day for Citigroup is Friday - and thank heavens it's finally arrived.

Retail gasoline prices have jumped to yet another record high, drivers' advocacy group AAA's Web site showed Friday.

Suddenly inflation is the word on everyone's lips. But as much as they might like to, policymakers cannot forget about a bigger problem - the lingering effects of the credit crunch.

Stocks looked set for a sharp decline at Friday's open as AIG's big loss raised credit jitters and soaring oil prices fanned inflation concerns.