Reuters - Citigroup Inc shares tumbled for a fifth straight day, as Chief Executive Vikram Pandit tried to downplay speculation the banking giant might sell major businesses to restore its health and investor confidence.
Publ.Date : Fri, 21 Nov 2008 19:24:56 GMT
Reuters - The Dow and S&P 500 were higher in choppy trading on Friday as investors snapped up cheap shares in battered down sectors, including commodities and energy, a day after Wall Street slid to 11-year lows.
Publ.Date : Fri, 21 Nov 2008 19:37:20 GMT
Reuters - * Lee Scott to retire as CEO February 1
Publ.Date : Fri, 21 Nov 2008 18:02:29 GMT
Reuters - Detroit automakers began work on the turnaround plans demanded by Congress in return for a possible $25 billion rescue as General Motors Corp said it will cut production more deeply and drop two of its controversial corporate jets.
Publ.Date : Fri, 21 Nov 2008 19:42:25 GMT
Reuters - Hundreds of people lined up at some Verizon Wireless stores on Friday to buy the BlackBerry Storm, the first touch-screen phone from Research In Motion that aims to compete with Apple's iPhone.
Publ.Date : Fri, 21 Nov 2008 18:51:56 GMT
AP - Share prices on the London Stock Exchange were higher at midday Friday.
Publ.Date : Fri, 21 Nov 2008 12:23:10 GMT
AP - Bernhard Mattes, chief of Ford Motor Co.'s German unit, said that while the company can survive without a bailout from the German state, it hopes the European Union will help the ailing auto industry with a loan package.
Publ.Date : Fri, 21 Nov 2008 13:02:16 GMT
AP - Wal-Mart Stores Inc., the world's largest retailer, unexpectedly announced Friday that its chief executive will retire in February and be replaced by the head of its international division.
Publ.Date : Fri, 21 Nov 2008 19:40:41 GMT
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