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Citigroup says new rules may hit securitization

Citigroup says new rules may hit securitization

Citigroup Inc said on Friday that new accounting rules for securitization trusts may prevent the bank from funding some of its assets with a top debt rating.

Freddie Mac posts $5 bln loss,predicts weak housing

Freddie Mac, the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing. (8:32 PM ET)

Berkshire reinsurance volume limited by Burlington

Warren Buffett's Berkshire Hathaway Inc said it plans to limit the amount of business underwritten by its reinsurance operations, as it prepares to spend roughly $26 billion to buy railroad operator Burlington Northern Santa Fe Corp. (8:46 PM ET)

Shell to pay $19.5 mln for California violations

California was awarded $19.5 million in a settlement against Royal Dutch Shell Plc's U.S. unit for not storing fuel properly at filling stations in the state, Attorney General Jerry Brown said on Friday. (8:42 PM ET)

Deutsche Boerse, two others bid for Warsaw bourse

Poland said on Friday it had received three offers for its stake in the Warsaw Stock Exchange. (12:23 PM ET)

Lion Energy Corp. is a Canadian exploration company focused on the acquisition, exploration and development of oil and gas reserves in Central and East Africa. The company today made a joint announcement with Southern Star Energy Inc. (SSEY.OB), a U.... (11:19 AM ET)

Ionfinity is an expert in commercializing emergent technologies via strong partnerships with the U.S. Department of the Army, the Department of the Navy, and the Air Force (USAF). A subsidiary of the VIASPACE family, Ionfinity is a pioneer in bleedi... (8:13 AM ET)

GM Bankruptcy
GM Europe chief Forster makes a speech in Graz

General Motors Co said on Friday the head of its European operations, Carl-Peter Forster, is leaving, three days after the automak...

Earnings
File image of the logo of American International Group (AIG) is seen at their offices in New York

AIG, the giant insurer bailed out by the U.S. government, posted its second straight quarterly profit on Friday, helped by recover...

M&A
Former WorldPay boss keen to buy RBS WorldPay

A founder of part of payments processing business RBS WorldPay is interested in buying all of the business back from Royal Bank of...

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