• Stocks decline as AIG reveals need for cash, oil surges (AP) -

  AP - Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week.

  
  
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• AIG's loss and record oil sour mood on Wall St (Reuters) -

  Reuters - Stocks fell on Friday as the price of oil set another record and concerns about the financial sector flared up again after American International Group Inc reported a massive loss.

  
  
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• European equities sapped by runaway oil prices (AFP) -

  AFP - European stock markets fell sharply on Friday as record high crude prices above 125 dollars per barrel hurt oil-exposed airlines and heightened concerns about inflation and rising costs, dealers said.

  
  
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• Time Is Prime Driver With Mutual Funds (Investor's Business Daily) -

  Investor's Business Daily - Buying a mutual fund is a different game than buying a stock.
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• Fortress posts loss, stock price falls (Reuters) -

  Reuters - Fortress Investment Group LLC reported a quarterly loss on Thursday and its share price fell sharply after its hedge fund business suffered in turbulent market conditions.
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• Nasdaq first-quarter profit surges on boost from OMX buyout (AP) -

  AP - Nasdaq OMX Group said Thursday that its quarterly profit surged in its first combined reporting period that included Sweden's OMX stock exchange.
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• Japanese shares fall on inflation fears; Nikkei sheds 159 (AP) -

  AP - Japanese shares sank Thursday on profit-taking and renewed fears over inflation in line with soaring global oil prices.
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