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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.
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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.
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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.
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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.
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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.
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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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