Bank of New York Mellon Corp, Sumitomo Trust & Banking Co insurer T&D Holdings Inc are the remaining three contenders to buy Citigroup's Japanese asset management unit, the Nikkei business daily reported.
Citigroup Inc intends to raise employees' base salaries by as much as 50 percent this year to offset smaller annual bonuses, the New York Times said, citing people with direct knowledge of the plan.
Citigroup Inc intends to raise employees' base salaries by as much as 50 percent this year to offset smaller annual bonuses, the New York Times said, citing people with direct knowledge of the plan.
American International Group Inc agreed to sell two downtown Manhattan buildings, including its headquarters, for a total of $150 million, a source familiar with the matter said.
Downtown Manhattan is poised for a powerful rebound in coming years despite Wall Street's downsizing and millions of square feet of new commercial real estate expected to come to market, a top Manhattan commercial real estate broker said on Monday.
Citigroup Inc and the private sector arm of the World Bank have struck a deal to offer a $1.25 billion funding facility intended to stimulate emerging markets trade over three years.
Citigroup Inc and the private sector arm of the World Bank have struck a deal to offer a $1.25 billion funding facility intended to stimulate emerging markets trade over three years.
Ticket sales to the crown of the statue of Liberty re-opened on Saturday allowing visitors to make telephone and internet reservations.
Technology shares led Wall Street's drop on Friday after National Semiconductor's disappointing results, but a rise in defensive sectors like healthcare limited losses in the Dow and S&P 500.
The French Budget Ministry has made European Union carbon emissions permits and Kyoto offsets exempt from value-added tax, emissions exchange BlueNext said, adding that spot trade will remain halted until Wednesday morning.
U.S. stocks flip-flopped throughout Friday's session, with the major indexes ending split as investors paused to consider conflicting signals in monthly U.S. jobs data.
The Federal Deposit Insurance Corp is aiming at a shake-up of Citigroup Inc's top management, including replacing Chief Executive Vikram Pandit, the Wall Street Journal said, citing people familiar with the matter.
Express Scripts Inc said on Tuesday it was offering 23 million of its shares to the public to raise money to finance its acquisition of WellPoint Inc's drug benefits unit.
Citigroup Inc told about five former top executives that they will not be paid tens of millions of dollars in promised severance payouts, the Wall Street Journal said, citing people familiar with the matter.
U.S. stocks rose on Monday, sending the S&P 500 to its highest close in seven months, as reassuring economic data reinforced hopes that demand will stabilize, while General Motors' long-expected bankruptcy filing ended uncertainty about the automaker's fate.
General Motors Corp's bankruptcy will forever be tied to one dealership in an often-ignored neighborhood due to the quirks of U.S. bankruptcy law.
Stocks were mostly flat on Friday as rising oil prices lifted energy stocks and investors digested a mixed bag of data, including regional business activity and consumer sentiment.
Tiffany & Co posted a 62 percent drop in quarterly earnings on Friday, worse than Wall Street had expected, as jewelry sales languished in the recession.
Tiffany & Co said quarterly earnings fell a worse-than-expected 62 percent as jewelry sales suffered amid the recession.
Tiffany & Co posted a lower-than-expected quarterly profit on Friday as shoppers avoided jewelry, but the upscale retailer kept its full-year forecast, citing a smaller sales decline so far in May.
American International Group Inc said on Thursday that Chief Executive Edward Liddy plans to step down, signaling the end to a short and tumultuous tenure running the government-rescued insurer.
American International Group, Inc, under government pressure to revamp its board with a majority of new independent directors, announced on Tuesday six nominees who will be voted on by shareholders at the company’s annual meeting on June 30.
