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Written by Hamza
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Mon, 12 May 2008 00:45:08 -0400
NEW YORK (Reuters) - Retail sales barely rose in April, as a relentless surge in gasoline prices made consumers cut back other types of spending, according to a report released on Monday.
Sun, 11 May 2008 17:17:05 -0400
CALGARY, Alberta (Reuters) - EnCana Corp , Canada's biggest energy company, said on Sunday it plans to split into two separate oil and natural gas firms in an effort to wring out more value with crude prices at record highs.
Sun, 11 May 2008 19:34:33 -0400
NEW YORK (Reuters) - Tribune Co is close to an agreement to sell its Newsday newspaper to Cablevision Systems Corp and an announcement could come as early as Monday, a source familiar with the situation said on Sunday.
Sun, 11 May 2008 23:00:10 -0400
SINGAPORE (Reuters) - Stocks fell on Monday, weighed down by uncertainty over the health of the U.S. economy and surging oil and commodity prices, while Japanese exporters felt the pinch from a stronger yen.
Sun, 11 May 2008 20:42:05 -0400
PERTH (Reuters) - Oil hovered close to record levels above 6 a barrel on Monday as violence in the Middle East heightened worries of supply disruptions in the world's largest crude producing region.
Sun, 11 May 2008 05:44:57 -0400
TOKYO (Reuters) - Citigroup Inc is considering selling its Japanese consumer finance company CFJ KK or cutting the unit's business significantly as part of its plans to shed assets, Japanese daily Nikkei reported on Sunday.
Sun, 11 May 2008 03:02:49 -0400
BEIJING (Reuters) - China has established a company to build regional commercial jets, with an eye to eventually reducing the country's reliance on Boeing and Airbus for jumbo jets, official media said on Sunday.
Sat, 10 May 2008 15:05:30 -0400
NEW YORK (Reuters) - Rupert Murdoch's News Corp on Saturday dropped its 0 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.
Sat, 10 May 2008 08:51:59 -0400
LONDON (Reuters) - Oil major Royal Dutch Shell 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.
Sun, 11 May 2008 06:54:24 -0400
ABU DHABI (Reuters) - Mubadala Development Co, an Abu Dhabi
investment arm which manages over billion in assets, said
on Sunday it will develop an offshore island into a new
business district that would house the stock exchange.
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