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Friday, 09 May 2008 |
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A heavy lineup of economic news is expeceted to the set tone for markets in the week ahead. Taking a look at Wall Street, some of the key companies reporting include Walmart and Hewlett Packard. Deborah Lutterbeck reports from Washington. |
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Investors jittery on oil, financials |
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Friday, 09 May 2008 |
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U.S. stocks fell in early Friday trade as oil toped $126 a barrel for the first time and a record loss at AIG added to lingering concerns about the financial sector. Oil prices surged on global diesel and home heating supply concerns. Citigroup announced plans to shed $400 billion in assets. American International Group says credit markets still in trouble. Conway Gittens reports from New York. |
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