PRESS DIGEST - Washington Post Business - May 10

WASHINGTON, May 10 (Reuters) - The Washington Post included the following items on the front page of its business section on May 10.

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Since Congress and President George W. Bush unveiled an economic stimulus package Jan. 24, the price of the OPEC basket of crude oil has jumped by $32.51 a barrel, raising the cost of U.S. oil imports enough to offset the entire stimulus package over the course of the year.

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The U.S. trade deficit narrowed more than expected in March as American consumers, stung by the economic downturn and higher prices for foreign-made goods, drove down import demand sharply. Exports dipped, too, suggesting a softening of the global economy as well.

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Dodge & Cox, a San Francisco money management firm, disclosed on Friday that it had acquired a 10.5 percent stake in Sallie Mae, the nation's largest student loan company.

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NEW YORK - Citigroup said on Friday it would shed about $400 billion in real estate, loans and other assets over the next few years as it tries to return to profitability after massive losses in the mortgage and credit markets.