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Breaking News

A man walks past the Citibank ...

Citigroup aims to sell $400 billion of assets
5/9/2008 12:41:33 PM

By Jonathan Stempel and Dan Wilchins
NEW YORK (Reuters) - Citigroup Inc , the largest U.S. bank, said on Friday it plans to shed $400 billion of assets within three years and boost revenue by up to 10 percent annually in a bid to restore profitability after huge losses tied to flagging mortgage and credit markets.
Vikram Pandit, who became chief executive in December, announced the plans at a much-awaited presentation to investors and analysts. He has... Full Story

Oil ebbs a little from record high

5/9/2008 12:02:01 PM

Clear Channel posts weaker-than-expected profit

5/9/2008 11:05:10 AM

More Headlines

Dollar, gold fall in Europe

Citigroup plans to shed almost $500 billion in ass...

US dollar mostly lower, gold up in European tradin...

Canada confirms decision to reject US takeover of ...

ArcelorMittal sues Esmark over aborted steel mill ...

Video

Business Video: Consumer Group Wants Birth Control Patch Banned CBS4 Denver Video 5/9/2008 12:51:44 PM; Americans forsee higher gas prices USAToday.com Video - National 5/9/2008 11:49:03 AM; Housing Woes Across The Pond CBS News Video 5/9/2008 8:33:24 AM; Video: City Layoffs Hit Hard for Some NBC11 Atlanta Video 5/9/2008 12:55:59 AM; 'Filler Up' A Rare Phrase At Gas Stations Lately CBS2 WBBM Top Stories Video 5/9/2008 12:03:05 AM

Blogs

Business Blogs: Maher and Huffington at Town Hall's Writers Bloc on May 22 FishBowl LA 5/9/2008 12:54:55 PM; SEC Settles Charges Against Short-Seller FINalternatives 5/9/2008 12:52:12 PM; Energy Funds Jolt Hedge Fund Returns In April FINalternatives 5/9/2008 12:51:58 PM; Q&A: A Diamond In The Rough FINalternatives 5/9/2008 12:51:53 PM; March Trade Deficit Calculated Risk 5/9/2008 12:38:43 PM

Exclusives

Ben Bennett
CEO of OpenTV Corp.

OpenTV continues to open new doors
3/26/2008 4:02:57 PM
By Henry Truc Editor

Television and interactive services provider OpenTV Corp. (Nasdaq: OPTV Quotes, News, Charts) announced last month that the Company had achieved a major milestone: surp...
Full Story


Read More Exclusives Sucampo focused on overseas expansion and commerci... Quintana Maritime to be acquired by Excel for $2.4... Bowne consolidates operations for growth

Personal Finance

Related Articles on the Web: I Turned $3,000 Into $210,000 Motley Fool 5/9/2008 11:15:06 AM; The Two Truths of Tech Investing MSN Money 5/9/2008 10:17:41 AM; The Stock That Changed My Life Motley Fool 5/9/2008 9:54:12 AM; 12 Investment Mistakes Couples Make Yahoo! Finance 5/9/2008 9:30:03 AM; Time, money and energy News 8 Austin 5/9/2008 9:23:00 AM; The artist and the ghoul CNN 5/9/2008 6:35:31 AM; Dorchester sells advisory firm, magazine for $1.4m The Dominion Post, New Zealand 5/8/2008 10:15:37 PM; Avoid most common investor mistakes Oakland Tribune 5/8/2008 7:20:08 PM; Peer Lending: Big Business Opportunity for You? Yahoo! Finance 5/8/2008 5:50:16 PM; Yahoo! to Microsoft: Baby, Don't Go MSN Money 5/6/2008 10:14:54 AM

Reuters

Associated Press

On The Web

AIG's loss pulls stocks down, oil over $126 hurts 5/9/2008 12:51:29 PM

Citigroup aims to sell $400 billion of assets 5/9/2008 12:41:33 PM

Oil ebbs a little from record high 5/9/2008 12:02:01 PM

Clear Channel posts weaker-than-expected profit 5/9/2008 11:05:10 AM

AIG says rating cuts to raise costs 5/9/2008 10:56:00 AM

Circuit City to let Blockbuster conduct diligence 5/9/2008 9:39:08 AM

U.S. crude futures jump more than $2, above $126 5/9/2008 9:36:11 AM

March trade gap narrows more than expected 5/9/2008 9:06:32 AM

Siemens ex-CEO faces no criminal charges in probe 5/9/2008 8:54:00 AM

Sanofi hit by ge 5/9/2008 8:41:35 AM

Read More Reuters News

Dollar, gold fall in Europe 5/9/2008 12:57:32 PM

Citigroup plans to shed almost $500 billion in assets, grow revenue as part of new structure 5/9/2008 12:52:45 PM

US dollar mostly lower, gold up in European trading 5/9/2008 12:50:45 PM

Canada confirms decision to reject US takeover of part of prized space technology company 5/9/2008 12:43:49 PM

ArcelorMittal sues Esmark over aborted steel mill sale 5/9/2008 12:35:06 PM

US stocks decline as AIG reveals need for cash, oil surges 5/9/2008 12:22:55 PM

Icahn prepared to buy Circuit City if Blockbuster can't 5/9/2008 12:19:11 PM

Stocks decline as AIG reveals need for cash, oil surges 5/9/2008 12:16:01 PM

EBay's PayPal rule in Australia draws fire 5/9/2008 12:11:22 PM

Treasurys mainly advance as AIG reports quarterly loss 5/9/2008 12:02:40 PM

Read More AP News

Business News on the Web: March trade deficit drops by bigger-than-expected amount LA Times 5/9/2008 11:53:04 AM; Will Circuit City be a best buy for investor Icahn? Houston Chronicle 5/9/2008 11:26:44 AM; Obama, Clinton Put Gasoline Tax at Center of Debate Yahoo! News 5/9/2008 11:00:19 AM; Collect Calling to Cell Phones Now Possible with NCIC TMCnet.com 5/9/2008 10:48:00 AM; Jobless claims post sharp decline San Diego Union-Tribune 5/9/2008 10:15:55 AM; Tax gain lifts Tribune financial results Orlando Sentinel 5/9/2008 9:23:31 AM; Stock head for lower open after AIG reveals need for cash Miami Herald 5/9/2008 9:22:40 AM; Oil breaks $125 a barrel CNN 5/9/2008 7:27:01 AM; CalPERS commits nearly $2 billion Pensions & Investments 5/8/2008 1:36:09 PM; Watson Wyatt Worldwide Reports Third Quarter EPS of $0.96, up 26 Percent from Prior Year Yahoo! Finance 5/8/2008 6:18:23 AM


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