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Today's Top Headlines
UN halts aid to Myanmar cyclone victims after junta seizes food supplies
8:00AM CT
Severe storms damage several homes, businesses in 4 Southeastern states; 1 dead, 3 injured
7:33AM CT
Hezbollah gunmen seize control of almost all West Beirut, 11 killed in 3 days of clashes
7:35AM CT
Obama wins endorsements from 3 superdelegates and government employees union
8:11AM CT
Louisiana man who lost 2 homes in Hurricane Katrina claims $97 million Powerball prize
6:00AM CT
Government: Teen use of pot can lead to dependency, mental illness
6:00AM CT
Oil prices surpass $125 a barrel before US driving season as investors flee the dollar
5:52AM CT
'CSI' star Gary Dourdan charged with felony drug possession in his arrest last month in Calif.
6:01AM CT
Oldest gorilla in captivity celebrates 55th birthday at Dallas Zoo
6:34AM CT
Johan Franzen-led Red Wings beat Stars 4-1 in Game 1 of Western Conference finals
6:34AM CT

Business News

Citigroup targeting 9 percent revenue growth
8:02AM CT
NEW YORK (AP) - Citigroup Inc. said Friday it is aiming for 9 percent revenue growth as it looks to rebound from recent struggles tied to deterioration in the mortgage and credit markets.
 
March trade deficit drops by bigger-than-expected amount
7:54AM CT
WASHINGTON (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.
 
Oil nears $126 per barrel ahead of US driving season
8:11AM CT
(AP) - Oil prices neared $126 per barrel Friday on the eve of the U.S. driving season as a weakening U.S. dollar drove investors to snap up commodities.
 
Stock head for lower open after AIG reveals need for cash
8:03AM CT
NEW YORK (AP) - Wall Street headed for a lower open Friday after the world's largest insurer reported a wider-than-expected loss for the first quarter, rekindling investors' anxiety about the strained state of the global financial system. Oil prices also advanced further into record territory, coming close to $126 and stirring unease about rising inflation.
 
Clear Channel profit surges, income flat from continuing ops
7:44AM CT
NEW YORK (AP) - Clear Channel Communications Inc. reported Friday its first-quarter profit soared due to asset sales, an investment gain and higher revenue, but earnings from continuing operations were flat.
 
Guinness brewing ops being consoldiated in Irleand
7:29AM CT
DUBLIN, Ireland (AP) - Diageo PLC said Friday it will close two Irish breweries, reduce operations at a third facility and cut its staff in the country by more than half as it consolidates Guinness brewing operations in Ireland.
 
Gates: Microsoft shifts focus after Yahoo deal collapses
5:47AM CT
JAKARTA, Indonesia (AP) - Microsoft Corp. will focus on growing its own advertising and Internet search business after it withdrew its takeover offer for Yahoo Inc., Chairman Bill Gates said Friday.
 
AIG posts 1Q loss of $7.8B, plans to raise $12.5B
1:47AM CT
NEW YORK (AP) - American International Group Inc. says it will raise $12.5 billion in the coming months as the insurer looks to shore up a capital base that has been rocked by deterioration in the credit markets.
 
Housing aid bill faces veto by President Bush
5:56AM CT
WASHINGTON (AP) - Democrats' plans to help hundreds of thousands of homeowners struggling with rising subprime mortgage rates and plummeting house values could be sidetracked by President Bush's threatened veto and the backing of many congressional Republicans.
 
China producer price index up 8.1 pct
7:47AM CT
SHANGHAI, China (AP) - China's producer price index, a key indicator of inflation, rose 8.1 percent in April over the same month a year earlier, the government reported Friday, as a top economic official sought new controls to cool rising prices.
 
   

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