Highlights
A collection of news and information related to Citigroup Incorporated published by Tribune Company sources.
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Wall Street breaks 5-day win streak as stocks plunge; Dow down 680 in 4th-worst decline
AP Business WritersNEW YORK (AP) _ The stock market suffered one of its worst days since the financial meltdown Monday, slicing 680 points off the Dow Jones industrial average as Wall Street snapped out of its daydream of a rally and once again faced the harsh reality of...Tags: New York Stock Exchange, Henry Paulson, General Motors Corp., Petroleum Industry, Ford Motor Co.
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Debit in, checks out
The paper unemployment check will soon be a thing of the past for Maryland residents who file for the insurance benefit starting today.
In its place comes plastic. The state's Department of Labor, Licensing and Regulation will issue prepaid debit cards...Tags: Banking, Marketing, Personal Data Collection, Unemployment, Interior Policy
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Spain's Sacyr Vallehermoso to sell highway operator Itinere to Citi fund in $10 billion deal
MADRID, Spain (AP) _ Debt-laden Spanish construction company Sacyr Vallehermoso said Monday it has agreed to sell its highway-operating unit, Itinere, to a Citigroup Inc. fund in a deal valued at nearly euro7.9 billion ($10 billion). The sale involves...Tags: Road Transportation, Regulatory Policy and Organizations, Upstream Oil and Gas Activities, Transportation, Mergers, Acquisitions and Takeovers
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It will be a lean year for giving gifts
Sentinel Staff WriterSmall-business owners who are giving gifts to their clients this year have cut their budgets and are making personal sacrifices to pull it off, according to a survey by American Express Co. Holiday-gift budgets have fallen to an average of $457 this year...Tags: American Express Company, Small Businesses, Office Depot Inc., The White House
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Bailout fiesta will dwarf centuries of monster payouts
TRIBUNE MEDIA SERVICESThe costs of Washington's bailout fiesta are now so huge, you can see them from space. The latest number, which includes the Citigroup rescue, is $7.7 trillion. That's roughly half of America's GDP. In fairness, it's impossible at this point to know the...Tags: State Budgets, Federal Reserve, Barack Obama, Major League Baseball, Wars and Interventions
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The week ahead in business
Associated PressWall Street will look to build on the strongest weekly performance for stocks since 1932 today, with investors focused on how recession-minded shoppers behaved at the malls and a raft of government data that could provide a clearer picture of the economy....Tags: Stock Activities, Financial Markets, Black Friday (shopping), Sales, Wages and Pensions
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Investors look to build on biggest rally since 1932 ahead of retail sales, economic data
AP Business WriterNEW YORK (AP) _ Wall Street will look to build on the strongest weekly performance for stocks since 1932 on Monday, with investors focused on how recession-minded shoppers fared at the malls and a raft of government data that could give a clearer...Tags: Stock Activities, New York Stock Exchange, Sales, Consumers, Financial Markets
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Report: Citigroup to sell trust banking unit in Japan as part of restructuring
TOKYO (AP) _ Citigroup Inc. plans to sell its Japanese trust banking unit as the ailing U.S. banking giant struggles to survive the global financial crisis, media reports said Sunday. Citigroup plans to begin tender offers next week to determine the...Tags: Retirement
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Wall Street cloud darkens Lehigh Valley
Of The Morning CallCitigroup: 70,000. Wachovia: 10,000. Merrill Lynch: 5,100. Some of the biggest names in finance have been forced to shed thousands of jobs from their banking, mortgage and brokerage arms amid the economic calamity roiling the world's markets. Even...Tags: Financial and Business Services, Housing and Urban Planning, Insurance, Chicago Mortgages, Commuting
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Another bailout with nothing in return
Special to The Morning CallMan, I'm getting tired of this. Once again we're bailing out another too-big-to-fail company -- now it's Citigroup -- and again we're acting like we've got these guys by their you-know-whats because we're imposing some limits on how much cash top execs...Tags: Federal Reserve, Credit and Debt, Fannie Mae, Freddie Mac, Fuel-efficient Vehicles
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British downturn's generational divide
Recession can have its upside. Perhaps, says Merilyn Canet, it's a timely opportunity for people to rediscover the true value of things after years of abundance and heedless waste. "Real life isn't about just having everything when you want it," said...Tags: Michael Sinclair, Brighton Park, Marketing, Pumpkin, World War II
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P log biggest 5-day percentage gains since the 1930s, even as holiday sales look bleak
AP Business WriterNEW YORK (AP) _ Wall Street climbed again Friday, wrapping up its biggest five-day rally in more than 75 years, even as investors digested signs of a bleak holiday season for retailers and fears that a flurry of reports next week will show more economic...Tags: Federal Reserve, Stock Activities, Barack Obama, Lehman Brothers Holdings Incorporated, New York Stock Exchange
Dec 1, 2008
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Dec 1, 2008
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Nov 30, 2008
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Nov 30, 2008
|Story| Allentown Morning Call
Nov 30, 2008
|Story| Allentown Morning Call
Nov 30, 2008
|Story| Los Angeles Times
Nov 29, 2008
|Story| Associated Press
