Citigroup Inc. said Friday it aims to shed about $500 billion in assets and grow revenue by 9 percent over the next few years, as it tries to rebound from massive losses tied to deterioration in the mortgage and credit markets.

On May 12, the U.S. Postal Service will update its shipping and mailing rates May 12. Some customers, including many businesses, will catch a break, while others will face some price increases as the Postal Service tries to compete with companies such as FedEx and UPS.

Gas jumps nearly 3 cents to record; oil crosses $124

Caught in the maelstrom of higher gas and food prices, Americans - even more affluent ones - are seeking shelter in wholesale clubs and discount apparel chains.