U.S. stocks struggle to retain gains as financials hit again
U.S. stocks on Friday returned to modest gains after a brief dip into
the red, with Citigroup's pummeled shares again bruising the financial
sector. CITI SKIDS; BOARD REPORTEDLY MULLS SALE OF ALL OR PART OF
COMPANY As its board of directors reportedly meet to consider a sale
of all or part of the company, shares of Citigroup continue to fall
prey to heavy selling.
FUTURES MOVERS: OIL FUTURES FALL IN VOLATILE TRADE ON DEMAND WORRIES
Oil futures fall in volatile trading, as U.S. stocks turn lower and
analysts express doubt whether oil prices can stage a significant
rebound in the face of
slumping energy demand.
WAL-MART MAKES SURPRISE CEO APPOINTMENT
In a surprise move, No. 1 retailer Wal-Mart Stores names its top
international executive, Mike Duke, to succeed Lee Scott as president
and chief executive officer.
AID FOR BIG THREE FALTERS IN CONGRESS
Democratic leaders of Congress say there's no deal yet on aid for the
Big Three U.S. automakers until the chief executives show them
concrete plans on how they would use the federal funds to turn their
companiese around.
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