Reuters: Business News updated  5-9-2008
  • Citigroup aims to shed $400 billion of assets
  • AIG's loss and record oil sour mood on Wall St
  • AIG sees no signs of mortgage asset market rebound yet
  • Oil hits record $126 on supply worry
  • Countrywide falls on worry over B of A merger
  • FedEx cuts profit forecast due to fuel prices
  • Mortgage credit losses could total $500 bln: Goldman
  • Circuit City to open its books to Blockbuster
  • March trade gap narrows on record import drop
  • Clear Channel posts weaker-than-expected profit