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Friday, May 09, 2008
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Today's Top Story

Asset sales boost Clear Channel profit; Deal still in limbo

(AP) — Clear Channel Communications Inc., a major radio and outdoor advertising company, reported higher first-quarter earnings Friday on asset sales but operating results were flat, reflecting weak demand for radio advertising.

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California Update

$7M Dominguez Gap Wetlands wildlife haven unveiled

(AP) — The $7 million, 50-acre Dominguez Gap Wetlands project in Long Beach is already becoming a wildlife haven.

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National Update

Stocks decline as AIG reveals need for cash, oil surges

(AP) — Wall Street retreated Friday as investors contended with wider-than-expected losses at insurer American International Group Inc. and another worrisome spike in oil prices. The Dow Jones industrial average at times gave up more than 100 points.

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Top Business Headlines
Asset sales boost Clear Channel profit; Deal still in limbo
$7M Dominguez Gap Wetlands wildlife haven unveiled
Stocks decline as AIG reveals need for cash, oil surges
Another bumper almond crop predicted in ‘08
Food crisis provides opening for array of ethanol opponents
Consumers give stores some relief but still spend cautiously
Warner Music Group 2Q loss widens on increased expenses
Stocks edge higher as investors watch oil retreat
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