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Reuters: Business News Updated : Sat, 17 May 2008 13:27:12 -0400 Time Warner Chairman likely to step down NEW YORK (Reuters) - Time Warner Inc Chairman Richard Parsons said he is likely to step down in the next year, clearing the path for Chief Executive Jeffrey Bewkes to assume the role. Publ.Date: Fri, 16 May 2008 13:57:38 -0400 Source: Reuters Morgan Stanley cut 1,500 jobs this week: source NEW YORK (Reuters) - Morgan Stanley cut 1,500 jobs this week across its investment banking, trading and asset management businesses, a person familiar with the situation said Friday, a 5 percent reduction of non-broker employees. Publ.Date: Fri, 16 May 2008 18:46:59 -0400 Source: Reuters Cathay Pacific mulls route cuts on high fuel: paper HONG KONG (Reuters) - Cathay Pacific Airway Ltd , Hong Kong's dominant airline, is considering cutting its money-losing routes amid soaring fuel prices, South China Morning Post said on Saturday, citing the airline's chief executive as warning in an internal newsletter. Publ.Date: Sat, 17 May 2008 01:37:52 -0400 Source: Reuters Wall St ends flat as energy gains offset sentiment NEW YORK (Reuters) - Stocks finished little changed on Friday as surging oil prices lifted energy shares and offset data that showed consumer confidence sank to its lowest in 28 years. Publ.Date: Fri, 16 May 2008 20:07:35 -0400 Source: Reuters Fed's Lockhart says world will feel U.S. slowdown WASHINGTON (Reuters) - U.S. exports have been helped by a weaker dollar and this is providing a boost to an otherwise weak economy, Federal Reserve Bank of Atlanta President Dennis Lockhart said on Saturday. Publ.Date: Sat, 17 May 2008 09:50:02 -0400 Source: Reuters Motorola's chief strategy officer quits NEW YORK (Reuters) - Rich Nottenburg, Motorola Inc's chief strategy and technology officer, has become the latest senior staff member to exit since activist investor Carl Icahn strengthened his influence, a spokeswoman said on Friday. Publ.Date: Fri, 16 May 2008 21:02:43 -0400 Source: Reuters

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