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Under Corbat, who replaced Vikram Pandit as CEO in 2012, Citi has been selling retail operations in several countries, shrinking its U.S. branch network and disposing of non-core businesses. Operating expenses in Citicorp, which holds the bank’s core businesses, fell 6 percent to $9.8 billion in the second quarter. Citi shrank the assets of Citi Holdings, which houses businesses it plans to sell, by 22 percent compared with 19 percent
Fewer people sought U.S. unemployment benefits last week as employers remain confident enough in the economy to hold onto their staffs. The Labor Department said Thursday that the number of applications …
NEW YORK (AP) — After weeks in limbo stemming from revelations of sexual misconduct by one of its stars, the TLC reality show “19 Kids and Counting” is officially dead.
NEW YORK (AP) — After weeks in limbo stemming from revelations of sexual misconduct by one of its stars, the TLC reality show “19 Kids and Counting” is officially dead.
ANAHEIM, Calif. (AP) — EDITOR’S NOTE: On July 16, 1955, Associated Press reporter Bob Thomas wrote a story about the imminent opening of an elaborate theme park in California that was conceived by none other than Walt Disney. The park opened the next day.
ANAHEIM, Calif. (AP) — EDITOR’S NOTE: On July 16, 1955, Associated Press reporter Bob Thomas wrote a story about the imminent opening of an elaborate theme park in California that was conceived by none other than Walt Disney. The park opened the next day.
Goldman, the target a government probe over the issue of mortgage bonds leading up the financial crisis, said in May it had raised the top end of its range of “reasonably possible” legal expenses to about $3.8 billion from about $3 billion. The Wall Street bank’s shares were down 1.2 percent at $210.40 in morning trading, even though the earnings – when excluding the provision – exceeded the average analyst
TLC is officially canceling ’19 Kids and Counting’ following Duggar molestation revelations.
TLC is officially canceling ’19 Kids and Counting’ following Duggar molestation revelations.
China’s index futures traders are still betting jittery markets will fall further even as Beijing tries to prop them up, making the futures markets a key battleground in Beijing’s campaign to restore market confidence. Index futures, established in China in 2010, give investors a way to hedge risk, and also provide short-sellers another way to make money in a falling market. Traders note that China’s major future contracts, in particular
