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Morgan Stanley cut 1,500 jobs this week: source
(Reuters)
[Fri, 16 May 2008 22:47:04 GMT]
 Reuters - Morgan Stanley cut 1,500 jobs
this week across its investment banking, trading and asset
management businesses, a person familiar with the situation
said Friday, a 5 percent reduction of non-broker employees.
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Wall St ends flat as energy gains offset sentiment
(Reuters)
[Fri, 16 May 2008 20:49:15 GMT]
 Reuters - Stocks finished little changed on
Friday as surging oil prices lifted energy shares and offset
data that showed consumer confidence sank to its lowest in 28
years.
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Consumers' mood as grim as early-80s
(Reuters)
[Fri, 16 May 2008 20:59:31 GMT]
 Reuters - U.S. consumer confidence tumbled to a
28-year low this month as rising prices strained household
finances, while another drop in single-family housing starts
underscored problems still plaguing the economy.
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American Axle and UAW reach tentative agreement
(Reuters)
[Sat, 17 May 2008 06:07:25 GMT]
Reuters - The United Auto Workers and American
Axle & Manufacturing Holdings Inc reached a tentative
contract agreement late Friday aimed at ending an 11-week-long
strike that had triggered thousands of layoffs and cost General
Motors Corp at least $1 billion.
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Lehman Brothers job cuts to start next week: report
(Reuters)
[Fri, 16 May 2008 18:57:58 GMT]
 Reuters - Investment bank Lehman Brothers
Holdings Inc will begin cutting jobs starting next
week, CNBC Television reported on Friday, without citing
sources.
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Quake Unlikely To Derail China's Economy
(Investor's Business Daily)
[Fri, 16 May 2008 22:57:55 GMT]
Investor's Business Daily - While China grapples with the devastating May 12 earthquake in Sichuan -- now thought to have killed 50,000 people, leaving 5 million homeless and property damage at $20 billion -- the economic toll may be mild, analysts say.
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SMFG posts big rebound, forecasts modest growth
(Reuters)
[Fri, 16 May 2008 08:55:09 GMT]
Reuters - Sumitomo Mitsui Financial Group (8316.T)
reported a threefold increase in fourth-quarter profit,
rebounding from massive losses at its consumer finance unit a
year earlier, and it forecast modest growth ahead.
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Abercrombie profit edges up on sales increase
(AP)
[Fri, 16 May 2008 20:52:46 GMT]
AP - Teen retailer Abercrombie & Fitch Co. said Friday that its first-quarter earnings rose 3 percent from a year ago on stronger sales.
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