Bloomberg:
- Saudi Prince Alwaleed bin Talal told CNBC that he doesn’t expect to add to his stake in Citigroup and sold some of his Apple stake recently.
- GE’s first quarter profit rose 25%, the most in five quarters, spurred by orders for industrial goods and a shift into faster-growing areas including health care, water treatment, security and consumer finance.
- Brookstone agreed to be acquired for $417 million by a group led by OSIM International, which plans to expand the chain internationally.
- Crude oil fell, heading for a second-straight weekly loss, as higher output from OPEC bolsters inventories.
The Wall Street Journal:
- Rising demand for water, whether it be for drinking, agriculture or industry, is proving a boon for companies involved in its delivery, purification and storage.
- US retailers are rushing to add security systems for financial information and meet a June 30 deadline set by credit-card organizations for making their Web sites and databases safe.
- Gap Inc., Liz Claiborne and other apparel companies are developing snugger, sleeker clothes for women over 35, in a shift away from fashion’s traditional focus on younger women.
Philadelphia Inquirer:
- Some of Comcast’s seven million high-speed Internet customers became angry after three service disruptions in the past week.
NY Times:
- Ford and GM aren’t doing enough to set themselves apart from rivals by offering reliability, consistent quality or compelling beauty.
- Medicare is testing a program that awards workers incentives for meeting quality goals.
- Lower Manhattan is experiencing a residential boom not seen in 50 years as people move to the area and residential buildings go up near the World Trade Center site.
- Iraqis have found several mass graves in the southern part of the country, including one near Basra that may contain 5,000 Iraqi soldiers killed after they rose up against Saddam Hussein after the 1991 liberation of Kuwait.
LA Times:
- Southern California house prices rose about 19%(YoY) in March, the first time in a year they rose less than 20%.
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