Copyright 2006 The New York Times Company
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Thanks largely to the declining dollar, the nation?s trade gap decreased to $59.8 billion in May, down 1.2 percent from April and the best showing since March.
Read Trade Deficit Ebbs as Exports Rise to Record High (Links)
The results were in line with Wall Street expectations, reassuring investors who feared a repeat of the earnings disappointment that sent General Electric shares tumbling in April.
Read G.E. Profit Declines 5.8% (Links)
Even after a week of unprecedented losses, the companies? declines on Friday were the sharpest yet, as concern grew over a government takeover.
Read Fannie and Freddie Shares Slide, Dragging Down Markets (Links)
Anheuser-Busch is said to be in friendly talks to sell itself to the Belgian brewer InBev, which raised its offer to $70 a share from $65.
Read InBev Raises Its Offer for Anheuser (Links)
Oil prices spiked Friday amid continued tensions in the Middle East and concerns of renewed violence in Nigeria.
Read Oil Passes $147 a Barrel, Then Drops (Links)
The move stems from a complaint that Comcast had blocked Internet traffic among users of a certain type of software that allowed them to exchange large amounts of data.
Read F.C.C. Chairman Favors Penalty on Comcast (Links)
Leaders of the Screen Actors Guild declined a final offer for a new labor contract and an alliance of Hollywood production companies demanded a vote by the union?s members.
Read Leaders of Actors? Union Call Offer Unacceptable (Links)
As fuel prices rise, thousands of students nationwide have suddenly decided to take college classes over the Internet.
Read High Cost of Driving Ignites Online Classes Boom (Links)
The charges at the parent of United Airlines relate largely to the impairment of goodwill, the company said in a filing with the Securities and Exchange Commission.
Read UAL Sees Second-Quarter Charges Near $2.7 Billion (Links)
Citi will sell its German retail business to France?s Credit Mutuel for $7.7 billion, it said on Friday.
Read Citi Sells German Business for $7.7 Billion (Links)
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