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Celanese raises acetate prices May 16, 2008, 10:45AM ET. DALLAS. Celane...
Stocks On The Move 
Flagstar Bancorp, Liz Claiborne, Starbucks: U.S. Equity Movers May 16 (Bloomberg)...
Stocks On The Move 
Advance Auto Parts, Amylin, Pharmacopeia: U.S. Equity Movers May 16 (Bloomberg) -...
GM considers selling Chevrolets in South Korea 
The Associated Press   SEOUL, South Korea General Motors Corp. is considering lau...
Celanese raises acetate prices 
The Associated Press   DALLAS Celanese Corp. said Friday that its Celanese Acetat...


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Celanese raises acetate prices
May 16, 2008, 10:45AM ET. DALLAS. Celanese Corp. said Friday that its Celanese Acetate business will increase the price of acetate tow in the Asia region for standard grades by 7 percent to 10 percent, depending on the item.
Full Report

Stocks On The Move
Flagstar Bancorp, Liz Claiborne, Starbucks: U.S. Equity Movers
May 16 (Bloomberg) -- The following companies are having unusual price changes in U.S. markets. Stock symbols are in parentheses after company names, and prices are as of 1:30 p.m. in New York. Full Report

Out of the Gate: Advance Auto Parts rises May 16, 2008, 10:31AM ET. NEW YORK. Shares of Advance Auto Parts Inc. climbed Friday after the auto-parts retailer posted strong first-quarter results and began a new stock buyback. Full Report

GM considers selling Chevrolets in South Korea May 16, 2008, 10:30AM ET. SEOUL, South Korea. General Motors Corp. is considering launching its Chevrolet brand in South Korea to capture a larger share of the country's growing market for imported cars, a company executive said Friday. Full Report 

Booz Allen sells $2.54B stake to Carlyle
May 16, 2008: 9:58 AM EDT.T he consulting firm will spin off its commercial consulting after the sale of a majority stake in its government business to the private equity group. MCLEAN, Va. (AP) -- Privately held consulting firm Booz Allen Hamilton said Friday it plans to sell a majority stake in its U.S. government business to private equity firm Carlyle Group for $2.54 billion, and spin off its commercial business into a separate company.
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Oil rallies to new high near $128
Fri May 16, 2008 9:36am EDT. LONDON (Reuters) - Oil shot to a record high near $128 on Friday after Goldman Sachs, the most active investment bank in energy markets, raised sharply its forecast for prices. Full Report

Futures rise on housing data, energy companies Fri May 16, 2008 9:22am EDT. NEW YORK (Reuters) - Wall Street looked set to round out the week on a positive note on Friday as stock index futures got a boost from a surprise rise in housing starts and a new record in oil prices lifted shares of energy companies. Full Report

Premarket Movers: GE rises, Dynavax falls
May 16, 2008, 9:17AM ET. NEW YORK. Shares of General Electric Co. rose in premarket trading Friday after the company confirmed it plans to sell or spin-off its century-old appliance business. Full Report

Ahead of the Bell: Nordstrom rises on results May 16, 2008, 9:17AM ET. NEW YORK. Shares of Nordstrom Inc. rose in premarket trading on Friday after the department store chain posted better-than-expected first-quarter earnings. Full Report

Ahead of the Bell: Qualcomm price target raised May 16, 2008, 9:13AM ET. Qualcomm Inc. stands to benefit from increasing competition in the smart phone market, which could boost earnings by as much as 19 cents per share next year, an analyst said Friday as he raised his price target on the stock. Full Report

Oil climbs to record above $127 a barrel
Friday May 16, 8:46 am ET. Oil prices rise to above $127 a barrel a barrel for first time. Oil prices have risen above $127 a barrel for the first time. Light, sweet crude for June delivery rose as much as $3.31 to $127.43 a barrel in electronic trading Friday on the New York Mercantile Exchange by afternoon in Europe. That tops the previous high of $126.98 a barrel set Tuesday. Full Report

Abercrombie profit edges up on sales increase Friday May 16, 7:44 am ET. Revenue rise helps Abercrombie & Fitch earnings edge up 3 pct, but same-store sales slip. NEW ALBANY, Ohio (AP) -- Teen retailer Abercrombie & Fitch said Friday that its first-quarter earnings rose 3 percent from a year ago on stronger sales. Abercrombie said it earned $62.1 million, or 69 cents per share, in the three months ended May 3 compared with profits of $60.1 million, or 65 cents a share, a year ago. Full Report

Oil falls as options expire; gas prices rise
May 15, 2008, 2:20PM ET. NEW YORK. Oil futures gave up early gains and fell sharply Thursday, a move analysts attributed to the expiration of options and to a sharp drop in natural gas prices. Retail gas prices, meanwhile, advanced past $3.77 a gallon. Full Report

GE gets $20M military contract
May 15, 2008: 1:47 PM EDT. Aviation unit of General Electric receives contracts from General Dynamics Land Systems for navigation systems. Full Report

Stocks turn higher as investors sift through data Thursday May 15, 1:26 pm ET. Wall Street moves higher as investors parse economic data, examine corporate deals. NEW YORK (AP) -- Wall Street turned higher Thursday after a batch of reports pointed to an economy that is hurting, but not experiencing as rough a time as many investors expected after the near-collapse of the mortgage market. Full Report

Maverick oilman Pickens puts $2B bet on wind power Thursday May 15, 10:09 am ET. Maverick oilman T. Boone Pickens places $2 billion bet on wind power in massive Texas project. NEW YORK (AP) -- Maverick oilman T. Boone Pickens has placed a $2 billion bet on wind power in just the first of a four-phase project to build the world's largest wind farm in Texas. Full Report

CBS in $1.8B deal for online news, info site CNet Thursday May 15, 9:20 am ET. CBS buying online news and information company CNet for $1.8B, widens Internet exposure. NEW YORK (AP) -- Media and entertainment company CBS Corp. is buying CNet Networks Inc., an online news and information provider, for $1.8 billion in cash in its latest bid to expand its reach on the Internet, the companies announced Thursday. Full Report



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The Joy of Building Your Own Portfolio March 9, 2008
There's nothing like home cooking. Folks are increasingly turning to ready-made investment mixes, such as target-date retirement funds, which offer a complete portfolio in a single mutual fund. And I think that is a smart move for many investors. Full Article

Want a Better Job or Higher Salary? Live Here March 3, 2008
Learn About the Places That Will Give You the Best Shot at Getting Ahead. Move to New York, and you could become an investment-banking millionaire. Head for Los Angeles for a chance at an eight-figure Hollywood paycheck. Or go prospecting in San Francisco for dot-com gold. Full Article 

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There's some great investing advice out there -- and, of course, there's also pretty bad advice. In the latter category, you might have something like this: "It doesn't matter how high the price is -- buy all the Enron you can." Full Report

Creative Consumer: Legit Work-From-Home Jobs
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People Often Confuse Illegal Pyramid Scams and Legitimate Multilevel Marketing. Last week's column about work-at-home scams generated a flood of e-mails from people desperate to find another source of income and confused about how to identify legitimate offers. Full Report

Social Media Will Change Your Business
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Look past the yakkers, hobbyists, and political mobs. Your customers and rivals are figuring blogs out. Our advice: Catch up…or catch you later. Full Report




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