Outlook
May 11 2008, AP

After slashing inventory and cutting expenses, the retail industry is still bracing for the largest overall quarterly profit decline in at least nine years when merchants report their first-quarter earnings this week.

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New York:

In this Jan. 15, 2008 file photo, the Citigroup Center is shown in New York. Citigroup Inc. on Friday, May 9, 2008 said it is aiming for 9 percent revenue growth as it looks to rebound from recent struggles tied to deterioration in the mortgage and...