Bush urges OPEC to boost output amid high oil prices
President Bush urged oil producers to raise output to lower crude above 100 dollars a barrel, but warned most producers already run at max capacity. Saudi Arabia signaled production would rise only if market conditions justify it as Rice urged Arab nations to seek an Israeli-Palestinian accord during Bush's Mideast trip.
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Bush
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Condoleezza Rice
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Citigroup posts $10 billion first-quarter loss prompts job cuts
Citigroup reports a 10 billion loss for Q1 2007 driven by mortgage bets, the worst in its 196-year history. The bank cuts 4,200 jobs and slashes its dividend while seeking foreign investment. Dow falls 277 points as a 19.1 billion writedown and 4 billion reserves signal stress from weak home prices and rising unemployment. Retail sales also drop in December.
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U.S
Market Watch Snapshot Shows Mixed Index Movements
Market data include Standard and Poor's 500 at 1416.25 while Russell and other indicators show varied figures such as 712.48 for a broad index and 415.23 for another metric amid fluctuating trading activity. Investors monitor the day’s shifts as equities blink between gains and losses.
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Standard
Poor's
Stockyards Springfield Hogs Prices and Trades Report
Eastern Cornbelt carcass prices listed by weight and thickness the day’s negotiated purchases total 14 665 Illinois Direct Hogs lows with trading 2.00 to 4.00 lower amid light demand and heavy offerings. Hog weight ranges 1 3 300 400 Ibs 9.00 12.00, 400 500 Ibs 10.00 14.00, 500 600 Ibs 11.00 15.00, over 600 Ibs 12.00 16.00. Boars under 300 Ibs 11.00 15.00, over 300 Ibs 5.00 9.00.
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The
Associated Press
Grain futures mixed on Chicago Board of Trade
Agricultural futures closed mixed Tuesday on the Chicago Board of Trade with wheat for March delivery gaining 15 cents to 9.32 a bushel. March corn fell 3 cents to 5.09, March oats down 1 cent to 3.295, and January soybeans up 5 cents to 13.015 a bushel.
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Associated Press
Apple unveils ultra slim MacBook Air at Macworld
Apple chief Steve Jobs introduced a sub one inch thick MacBook Air with an 80 gigabyte hard drive and optional 64GB flash upgrade. He also announced online movie rentals through all six major studios and a policy to deliver films within 30 days of DVD release. The stock fell on the first Macworld day, trading down $9.74 to $169.04.
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Closing Stocks Rush Hour: Major Firms Mixed In NY
New York stocks show a wide mix of gains and losses with many blue chips trading between days highs and lows. Key names include Disney, Nike, AmEx, Exxon, IBM, Boeing, JPMorgan, Walmart, Coca Cola, Pfizer, General Electric, and Wells Fargo amid fluctuating closes and modest declines.
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