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EnCana to split in two with oil at record highs
(Reuters)
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.
Cablevision near deal to buy Newsday: source
(Reuters)
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.
Stocks sag on economic uncertainty
(Reuters)
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.
Oil steady above $126
(Reuters)
Reuters - Oil hovered close to record levels above
$126 a barrel on Monday as violence in the Middle East
heightened worries of supply disruptions in the world's largest
crude producing region.
Citigroup eyes selling Japan consumer unit: paper
(Reuters)
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.
March trade deficit drops by bigger-than-expected amount
(AP)
AP - The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending. Analysts forecast that trade would continue to be one of the economy's few bright spots this year.
Citigroup eyes selling Japan consumer unit: paper
(Reuters)
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.
Retailers likely to post grim 1st-quarter results
(AP)
AP - After slashing inventory and cutting expenses, the retail industry is still bracing for the largest overall quarterly profit decline in at least nine years when merchants report their first-quarter earnings this week.
