Here's a summary of the headlines from the New York Times business section, which provides a pretty bleak picture of the economy:
Gas prices expected to peak in June
UBS to cut 5,500 jobs after loss
Tight credit worries for a hotel and mall operator
New Price Drop Could Imperil Mortgage Agencies
Economic Troubles Affect Vegas Strip
Acquisition of lender in jeopardy
Morgan Stanley to cut 5% of staff
Wednesday, May 7, 2008
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