International Business News - C http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif General Motors Corp. shares took the biggest loss on the Dow Jones industrial average Friday, following a jump in oil prices and a surprise rise in home construction. http://www.ibtimes.com/articles/20080516/djia-leaders-laggards-gm-cvx.htm Fri, 16 May 2008 16:58:37 EDT Citigroup Inc. suggested Friday that it is considering a sale of its German retail bank. As part of CEO Vikram Pandit's review of Citi's various businesses around the world, the company is "exploring a variety of options for our retail banking business in Germany, the most profitable in terms of return on equity over the last ten years in this market," the bank said in a statement. "No decisions have been made at this time." http://www.ibtimes.com/articles/20080516/citigroup-mulls-sale-of-german-retail-bank.htm Fri, 16 May 2008 16:02:54 EDT General Motors Corp. shares took the largest midday loss on the Dow Jones industrial average Friday, giving back some of their Thursday gains. The blue chip index lost 87.85 points to 12,904.81. http://www.ibtimes.com/articles/20080516/midday-leaders-laggards-djia.htm Fri, 16 May 2008 13:01:04 EDT Credit Agricole said Thursday it plans to sell $7.72 billion worth of assets and named a new leader at its investment bank. The French bank, shaken by the global credit crisis, will also seek $9.1 billion in new capital. http://www.ibtimes.com/articles/20080515/credit-agricole-seeks-7-72-billion-in-new-capital.htm Thu, 15 May 2008 06:27:59 EDT Global bank Citigroup Inc. on Wednesday gave Deborah Hopkins the additional title of chief innovation officer, a new position, effective immediately. Hopkins, 53, retains her current titles managing director and senior adviser, Citi's institutional clients group. http://www.ibtimes.com/articles/20080514/citigroups-deborah-hopkins-adds-innovation-title.htm Wed, 14 May 2008 17:19:57 EDT Diversified financial-services companies' mostly closed higher on Wednesday as Wall Street got a boost from better-than-expected consumer data that alleviated some fears about inflation. http://www.ibtimes.com/articles/20080514/closing-glance-diversified-financials-shares-gain.htm Wed, 14 May 2008 16:42:23 EDT Diversified financial-services companies' shares pulled back Tuesday morning after the Commerce Department said retail sales fell in April and business inventories increased by the smallest amount in a year, two signs of a weakening economy. http://www.ibtimes.com/articles/20080513/opening-glance-diversified-financials-decline.htm Tue, 13 May 2008 10:22:14 EDT Clear Channel Communications Inc. and its prospective buyers are talking with banks to try to settle a dispute over whether the banks must fund promised loans for the $19.5 billion takeover, the radio and outdoor advertising company said Monday. http://www.ibtimes.com/articles/20080512/clear-channel-banks-buyers-in-settlement-talks.htm Mon, 12 May 2008 17:13:50 EDT Diversified financial-services companies' shares rose Monday, as Wall Street got some relief from soaring energy prices. As oil prices declined, the dollar advanced, easing some worries about inflation. http://www.ibtimes.com/articles/20080512/opening-glance-diversified-financial-shares-rise.htm Mon, 12 May 2008 10:22:05 EDT Citigroup Inc.'s new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review _ but only after shrinking the company by about one-fifth first. http://www.ibtimes.com/data/articleimgs/45216-citigroup-outlook.jpg http://www.ibtimes.com/articles/20080510/citigroup-to-shed-nearly-500-billion-in-assets.htm http://www.ibtimes.com/articles/20080510/citigroup-to-shed-nearly-500-billion-in-assets.htm Sat, 10 May 2008 07:06:44 EDT Stocks decline as AIG reveals need for cash, oil surges NEW YORK (AP) _ Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week. http://www.ibtimes.com/articles/20080509/business-highlights.htm Fri, 09 May 2008 18:02:22 EDT Shares of most diversified financial-services companies dropped on Friday, as investors' concerns increased about continuing fallout from the credit market crisis and rising oil prices. http://www.ibtimes.com/articles/20080509/closing-glance-diversified-financial-shares-mostly-drop.htm Fri, 09 May 2008 16:41:22 EDT Stocks that are moving substantially or trading heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080509/sovereign-aig-among-big-market-movers.htm Fri, 09 May 2008 13:11:35 EDT 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. http://www.ibtimes.com/data/articleimgs/45035-citigroup-outlook.jpg http://www.ibtimes.com/articles/20080509/citigroup-to-shed-nearly-500b-in-assets.htm http://www.ibtimes.com/articles/20080509/citigroup-to-shed-nearly-500b-in-assets.htm Fri, 09 May 2008 11:21:16 EDT Shares of diversified financial services were mixed Friday morning, as some investors looked past a wider-than-expected quarterly loss at insurer American International Group Inc. and soaring energy prices. http://www.ibtimes.com/articles/20080509/opening-glance-diversified-financial-shares-open-mixed.htm Fri, 09 May 2008 10:39:55 EDT Shares of real estate investment trusts dropped early Friday as investors digested wider-than-expected losses at insurer American International Group Inc. and revenue news from Citigroup Inc. http://www.ibtimes.com/articles/20080509/opening-glance-reits-drop-on-american-intl-group-losses.htm Fri, 09 May 2008 10:31:44 EDT Wall Street fell sharply early Friday as investors contended with wider-than-expected losses at insurer American International Group Inc. and another worrisome spike in oil prices. The Dow Jones industrial average at times lost more than 100 points. http://www.ibtimes.com/articles/20080509/stocks-decline-as-aig-reveals-need-for-cash-oil-surges.htm Fri, 09 May 2008 10:21:17 EDT 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. http://www.ibtimes.com/articles/20080509/citigroup-shed-500b-assets.htm Fri, 09 May 2008 09:53:38 EDT Citigroup says its is aiming for 9 percent revenue growth as it looks to rebound from recent struggles tied to deterioration in the mortgage and credit markets. http://www.ibtimes.com/articles/20080509/citigroup-targeting-9-percent-revenue-growth.htm Fri, 09 May 2008 08:33:30 EDT Without the influx of Web traffic that Microsoft bet would quickly follow a Yahoo buyout, the software maker is facing a long slog if it wants to turn its money-losing online services business into a Google-killer. http://www.ibtimes.com/data/articleimgs/44889-microsoft-plan-c.jpg http://www.ibtimes.com/articles/20080508/with-microsoft-mum-analysts-mull-next-moves-for-live-search.htm http://www.ibtimes.com/articles/20080508/with-microsoft-mum-analysts-mull-next-moves-for-live-search.htm Thu, 08 May 2008 17:04:26 EDT