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1. Business

   AIG sees no rebound yet for subprime securities

   Reuters - Friday, May 9 05:21 pm

   Average Rating: 5.0

   NEW YORK (Reuters) - American International Group on Friday told investors that the structured credit market for residential mortgage securities, including subprime, does not appear to have rebounded. More »

2. 

   Business

   Citigroup aims to shed $400 billion of assets

   Reuters - Friday, May 9 08:47 pm

   Average Rating: 5.0

   NEW YORK (Reuters) - Citigroup Inc said on Friday it plans to shed $400 billion (205 billion pounds) of assets within three years and boost revenue by up to 10 percent annually, in a bid to restore profitability after huge losses tied to flagging mortgage and credit markets. More »

3. 

   Business

   Shell pulls out of Iran gas deal

   Reuters - Saturday, May 10 01:48 pm

   Average Rating: 5.0

   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. More »

4. Business

   Nissan to make lithium-ion batteries with NEC: report

   AFP - Saturday, May 10 06:10 am

   Average Rating: 5.0

   TOKYO (AFP) - Nissan Motor Co and NEC Corp will join forces in the world's first mass production of lithium-ion batteries for hybrid and electric vehicles, a newspaper said Saturday. More »

5. Business

   Citigroup to slash 400 bln dlrs in assets

   AFP - Friday, May 9 10:34 pm

   Average Rating: 5.0

   NEW YORK (AFP) - Citigroup, reeling from the subprime mortgage crisis, said Friday it plans to sell roughly 400 billion dollars in assets in a streamlining reorganization aimed at restoring the US banking giant to profit. More »

6. Business

   IMF approves 3.65 billion dollar loan to Turkey

   AFP - Friday, May 9 08:18 pm

   Average Rating: 4.0

   WASHINGTON (AFP) - The International Monetary Fund on Friday approved a 3.65-billion-dollar loan to Turkey, the final segment of a three-year stand-by credit worth nearly 10 billion dollars. More »

7. Business

   Chain Recalls Eggs Over Lead Fears

   SkyNews - Saturday, May 10 11:08 am

   Average Rating: 4.0

   Supermarket chain Waitrose has recalled batches of organic eggs over fears that they may have been contaminated with lead. More »

8. Business

   ArcelorMittal sells off US steel mill

   AFP - Saturday, May 10 04:09 pm

   Average Rating: 4.0

   PARIS (AFP) - The world's largest steel group ArcelorMittal said Saturday it has finalised the 810 million dollar (525 million euro) sale of a plant in the United States to Russian steelmaker Severstal. More »

9. Business

   Vietnam starts construction on 6 billion dollar oil-refinery

   AFP - Saturday, May 10 07:29 am

   Average Rating: 3.8

   NGHI SON, Vietnam (AFP) - Energy-hungry Vietnam started building its second oil refinery on Saturday, a 6.2 billion dollar complex, in a bid to feed the nation's booming economy, the State Oil company announced. More »