CITIGROUP

Talking heads were scrambling to explain the sudden departure of Citigroup, Inc. (NYSE: C) Chief Executive Vikram Pandit Tuesday.

Vikram Pandit has resigned as CEO of Citigroup, the third-largest U.S. bank. He was replaced by Michael Corbat.

Asian stock markets advanced Tuesday as better-than-expected U.S. data and a strong earnings surprise from Citigroup buoyed sentiment.

Market participants are likely to focus on the economic reports in a data-heavy week. Reports on retail sales, Empire manufacturing, Philly Fed, housing starts and inflation from the U.S. are due to be released next week.

Citigroup Chief Economist Willem Buiter now believes Greece could leave the euro zone, but not before 2014.

The Federal Reserve Bank of New York released a report suggesting vulnerability among the largest "too big to fail" U.S. banks.

As the world recalls the death of Steve Jobs, his career of triumphs and setbacks has parallels with two living legends: Lee Iacocca and Sanford Weill.

A rally that has added 30 percent to large U.S. bank stocks is over, and it's time for investors to cash in, a UBS report warns.

The U.S. Treasury Department is unwilling to sell the government's stake in General Motors Co because a sale now would mean huge investment losses, the Wall Street Journal reported on Monday, citing people close to the matter.

The Dow Jones Industrial Average (DJI: DJI) gained another 53.51 points, or 0.40 percent, on Friday to close at 13,593.37, the highest level in nearly five years. However, many uncertainties remain. Here are four factors that could make -- or break -- the Dow's continued ascent.

Citi Habitats, the city's largest rental brokerage, said Manhattan's residential vacancy rate jumped to a three-year high in August as rents continued to escalate.

Here are two places to get a live stream of the news conference that Ben Bernanke, the chairman of the Federal Reserve, will hold today following the conclusion of a two-day meeting by the central bank's rate-setting committee.

Less than 24 hours after the U.S. government reported it was mostly done with its money-losing bailout of AIG, a Bloomberg News article out Tuesday explained how Wall Street banks are setting themselves up for the next systemic crisis by playing at financial alchemy in the derivatives market.

Alcatel Lucent SA, Nokia Corp, Sohu.com, Facebook, Barclays, Banco Santander, Cognizant Technology Solutions Corp, Morgan Stanley and Apple Inc. are among the companies whose shares are moving in pre-market trading Wednesday.

Markets have been talking about QE3 for two years. Now, after a sovereign credit downgrade, the near collapse of the European financial system, and facing an anemic recovery that has only marginally helped heal the carnage in the labor and housing markets, the vast majority of financial pundits believe QE3 this week is "pretty much a given."

Because of the U.S. Treasury Department's announcement Sunday that it has launched an offering of $18 billion worth of its American International Group Inc. (NYSE: AIG) common stock, the government will soon go from being the company's majority shareholder to being one of its minority shareholders.

Nokia Corp, Telefonica, ABB Ltd, Procter & Gamble, ArcelorMittal, Facebook, Abercrombie & Fitch, Citigroup and Groupon Inc are among the companies whose shares are moving in pre-market trading Thursday.

The top after-market Nasdaq gainers Wednesday were Amyris Inc, Theravance Inc, KiOR Inc, Mitcham Industries Inc and TechTarget Inc. The top after-market Nasdaq losers were Cross Country Healthcare Inc, Warner Chilcott plc, SeaChange International Inc, Conn's and ZAGG Inc.

A new report from Citigroup says that Saudi Arabia, the world's eighth-largest exporter of oil, could become an oil importer by 2030.

You don’t have to be a genius to determine that in a world of petabytes of data, projected 2012 sales of 367.2 million PCs, 107.4 million tablets and 650 million smartphones, a few smart companies are going to prosper: HP (NYSE: HPQ), IBM (NYSE: IBM), Oracle (Nasdaq: ORCL) and EMC.(NYSE: EMC).

Can Richard Schulze, the 71-year-old founding CEO of Best Buy Co. (NYSE: BBY) put his money where his mouth is? Can he fork up billions from private eqiuity behemoths like KKR (NYSE: KKR)?