Rockefellers call for change at Exxon Mobil (Reuters)

A customer pumps gas at a Mobil gas station in Medford, Massachusetts April 30, 2008, one day before Exxon Mobil reports its first quarter earnings. (Brian Snyder/Reuters)Reuters - Members of the Rockefeller family are
calling on Exxon Mobil Corp to make governance changes
and increase spending on alternative fuels, sharpening the
focus on the company’s practices as oil soars close to $120.

Wall Street ends lower on rate uncertainty (Reuters)

Traders on the floor at the New York Stock Exchange look at televisions as they broadcast the announcement that the Federal Reserve had cut interest rates April 30, 2008. (Brendan McDermid/Reuters)Reuters - Stocks fell on Wednesday after the
Federal Reserve trimmed interest rates but left unclear the
outlook for further rate cuts, prompting profit-taking as the
Standard & Poor’s 500 index ended its best month since December
2003.

Growth surprises but consumers stressed (Reuters)

Shoppers cross Seventh Avenue in New York in a file photo. The economy grew at a slightly stronger pace than forecast as 2008 began, helped by inventory-building that tempered a steadily deteriorating housing sector and less vigorous consumer spending. (Ray Stubblebine/Reuters)Reuters - A buildup in inventories kept the
U.S. economy afloat in the first quarter despite the weakest
consumer spending since 2001 and reduced business investment, a
government report on Wednesday showed.

Growth surprises but consumers stressed (Reuters)

Shoppers cross Seventh Avenue in New York in a file photo. The economy grew at a slightly stronger pace than forecast as 2008 began, helped by inventory-building that tempered a steadily deteriorating housing sector and less vigorous consumer spending. (Ray Stubblebine/Reuters)Reuters - A buildup in inventories kept the
U.S. economy afloat in the first quarter despite the weakest
consumer spending since 2001 and reduced business investment, a
government report on Wednesday showed.

Fed lowers rates, hints cuts may be at end (Reuters)

Traders work on the floor at the New York Stock Exchange after the announcement that the Federal Reserve cut interest rates, April 30, 2008. (Brendan McDermid/Reuters)Reuters - The Federal Reserve lowered a key
U.S. interest rate by a modest quarter percentage point on
Wednesday and hinted the move could be the last in a series
dating to mid-September.

GM posts $3 billion loss (Reuters)

UAW members picket outside an auto parts manufacturing plant in Michigan, February 26, 2008. General Motors on Wednesday posted a first-quarter loss due to a costly supplier strike, waning demand for its most profitable vehicles and charges related to struggling former subsidiaries. (Rebecca Cook/Reuters)Reuters - General Motors Corp posted a
narrower-than-expected quarterly loss on Wednesday as sales
gains in Asia and Latin America overshadowed a slump in the
U.S. market, sending its shares up 13 percent.

BG Group offers $12bln for Aussie energy firm (AFP)

A coal fired power station shrouded in morning mist in the Blue Mountains west of Sydney, Australia. British oil and gas giant BG Group has said it has bid 12.1 billion US dollars (7.8 billion euros) in cash for Origin Energy, Australia's second-largest energy retailer.(AFP/Torsten Blackwood)AFP - British oil and gas giant BG Group said Wednesday it had bid 12.1 billion US dollars (7.8 billion euros) in cash for Origin Energy, Australia’s second-largest energy retailer.

European stocks lower before US rate decision (AFP)

The Deutsche Bank towers in Frankfurt. Europe's main stock markets dropped in cautious trade as investors awaited a statement from the US central that will accompany an expected cut in interest rates, dealers have said.(DDP/AFP/File/Thomas Lohnes)AFP - Europe’s main stock markets dropped on Wednesday in cautious trade as investors awaited a statement from the US central that will accompany an expected cut in interest rates, dealers said.

Swiss bank UBS to cut 8,000 jobs: report (AFP)

UBS, the biggest Swiss bank, has warned that it still faces some risk from the US subprime crisis after wracking up losses exceeding 37 billion dollars (23.4 billion euros).(AFP/File/Fabrice Coffrini)AFP - Swiss banking giant UBS on Monday declined comment on a report which claimed that the group, currently the worst-hit financial institution by the subprime home loan crisis, would cut 8,000 jobs.

FTSE closes flat ahead of US rate decision (AFP)

An installation at the London stock exchange. Leading shares in London closed flat having reversed earlier gains ahead of the Federal Reserve's interest rate decision and after better-than-expected US economic data.(AFP/File/Ben Stansall)AFP - Leading shares in London closed flat on Wednesday, having reversed earlier gains ahead of the Federal Reserve’s interest rate decision and after better-than-expected US economic data, balanced by weakness among the UK miners.

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