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Citigroup Reports Higher Third Quarter Net Income

Posted 12.17.2011 | Business

(Joe Rauch) - Citigroup Inc reported higher third-quarter earnings on Monday as the bank set aside less money to cover bad loans and recorded an accou...

10 Job Slashers That Benefited From A Tax Holiday

The Huffington Post | Harry Bradford | Posted 12.08.2011 | Business

More money doesn't always mean more jobs. Take when the U.S. government last imposed a tax holiday on offshore profits in 2004. Those companies that b...

SEC Widens Probe Into Mortgage Bond Deals That Ushered Crisis

Posted 11.15.2011 | Business

The U.S. securities regulator is widening its probe into mortgage-bond deals that ushered in the financial crisis, and is pushing for a settlement of ...

Foster's Beer CEO: 'Australian Beer Market Going Through Period Of Uncertainty'

The Huffington Post | Harry Bradford | Posted 10.24.2011 | Business

Even in the beer-loving country of Australia, an iconic brand is feeling the recession's sqeeze. Foster's Group, the most profitable independent br...

Private Banks Keep Hiring As World's Rich Get Richer

Posted 05.25.2011 | Business

LONDON - Private banks will sharply expand headcount in coming years to capitalize on the growing number of wealthy individuals in Asia, dismissing co...

Citigroup CEO No Longer Working For $1 Per Year

The Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Vikram Pandit may soon be getting an extremely big raise. Early in 2009, the CEO of Citigroup vowed to work for a salary and bonus of just $1 per year...

Citigroup TRADING ERROR Fueled Stock Market Crash Today: CNBC

Posted 05.25.2011 | Business

UPDATE: 6:39 P.M.: The lightning-fast drop in Procter & Gamble's stock price this afternoon may push the markets to unwind some trades, the CEO of ...

What Are We Going to Do About Gambling Addicts?

Don McNay | Posted 05.25.2011 | Business
Don McNay

My solution to gambling addiction would be same one that seems to be helping keep track of sexual predators: A national registry. If widely shared, such a list could prevent addicts from any legalized gambling.

Neil Barofsky, TARP Watchdog: Bailout Will 'Almost Certainly' Result In Loss For Taxpayers | Robert Schmidt | Posted 05.25.2011 | Business

Nov. 12 (Bloomberg) -- Neil Barofsky, the federal watchdog for the $700 billion financial industry bailout, said the program will "almost certainly" r...

Wall St.'s Robot Traders | Ryan Goldberg | Posted 05.25.2011 | Business

Dramatic market moves have become commonplace, and those looking for a fundamental explanation are missing a significant structural change: The majori...

BofA, Citi Make Last-Ditch Attempts To Convince Feds They Don't Need To Bolster Balance Sheets

Reuters | Posted 05.25.2011 | Business

Bank of America Corp is working on plans to raise more than $10 billion in fresh capital, even as it and Citigroup Inc launch last-ditch attempts to c...