Updated : Fri, 16 May 2008 22:47:04 GMT
 Reuters - Morgan Stanley cut 1,500 jobs this week across its investment banking, trading and asset management businesses, a person familiar with the situation said Friday, a 5 percent reduction of non-broker employees.
Publ.Date : Fri, 16 May 2008 22:47:04 GMT
 Reuters - Stocks finished little changed on Friday as surging oil prices lifted energy shares and offset data that showed consumer confidence sank to its lowest in 28 years.
Publ.Date : Fri, 16 May 2008 20:49:15 GMT
 Reuters - U.S. consumer confidence tumbled to a 28-year low this month as rising prices strained household finances, while another drop in single-family housing starts underscored problems still plaguing the economy.
Publ.Date : Fri, 16 May 2008 20:59:31 GMT
 Reuters - Investors suing Yahoo Inc over its rebuff of Microsoft Corp's $47.5 billion buyout bid have filed a new case that adds company co-founder David Filo as a defendant, but they say much of their complaint is being kept under seal at Yahoo's demand.
Publ.Date : Fri, 16 May 2008 17:22:09 GMT
 Reuters - Investment bank Lehman Brothers Holdings Inc will begin cutting jobs starting next week, CNBC Television reported on Friday, without citing sources.
Publ.Date : Fri, 16 May 2008 18:57:58 GMT
 AP - Construction of new homes increased by the biggest percentage in more than two years in April, a rare spot of good news amid the worst downturn in housing in more than two decades.
Publ.Date : Fri, 16 May 2008 22:08:55 GMT
Reuters - Sumitomo Mitsui Financial Group (8316.T) reported a threefold increase in fourth-quarter profit, rebounding from massive losses at its consumer finance unit a year earlier, and it forecast modest growth ahead.
Publ.Date : Fri, 16 May 2008 08:55:09 GMT
AP - Teen retailer Abercrombie & Fitch Co. said Friday that its first-quarter earnings rose 3 percent from a year ago on stronger sales.
Publ.Date : Fri, 16 May 2008 20:52:46 GMT
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