Members of Congress' super committee responsible for slicing $1.2 trillion from the deficit have faced an intense lobbying push since being appointed to the 12-member panel, but they all have long histories of accepting money from the industries and special interest groups clamoring for a seat at the table.
The bank is also heavily exposed to Italian sovereign bonds -- holding about 38 billion euros.
Vivendi's Universal Music unit said on Friday it was buying British rival EMI Group's recorded music business from Citigroup in a 1.2 billion-pound ($1.9 billion) deal that will give it control over EMI's artists.
Vivendi's Universal Music Group is set to buy EMI's recorded-music unit for $1.9 billion, while a group led by Sony's music division will buy the publishing operation of the British music company for $2.2 billion, the Wall Street Journal reported on Friday.
The banking sector, enduring rounds of deep job cuts, faces the grim prospect of having nowhere to turn to for immediate employment in the industry, as nearly all branches of finance have pulled back on hiring.
Shares of Apple, the No. 1 vendor of tablets, fell as much as 3.3 percent Thursday amid concerns shortages or floods in Thailand may depress iPad2 shipments.
Sanford Weill, the former chairman and CEO of Citigroup, has listed his penthouse at 15 Central Park West for sale for $88 million.
The top pre-market NASDAQ Stock Market gainers are: Cisco Systems, Power-One, Elbit Imaging, NVIDIA, and Micron Technology. The top pre-market NASDAQ Stock Market losers are: Green Mountain Coffee Roasters, OPNET Technologies, Kulicke & Soffa Industries, BioSante Pharmaceuticals, and KIT digital.
The head of India operations at UBS AG, Manisha Girotra, has resigned, according to an internal memo.
The head of India operations at UBS AG , Manisha Girotra, has resigned, according to an internal memo, the latest high-profile exit from the Swiss bank in the world's second-fastest growing major country.
American Express Co. is launching a $100 million fund as a new multi-year program designed to help accelerate the company's digital transformation, as it tries to add consumers in new geographies and attract younger generations.
Online reviews site Yelp intends to go public in the first quarter of 2012, and has hired Goldman Sachs and Citigroup to lead the IPO. The social tech bubble is expanding...
Now that Groupon has finally gone public, raising $700 million through its Nov. 4 IPO, how about some others in the pipeline as well as the king of them all, Facebook?
Goldman Sachs Group Inc faces lawsuits over $15.8 billion worth of mortgage securities, the bank said in a regulatory filing on Wednesday, a more than 30-fold increase from the amount disclosed three months earlier.
Improved job growth and positive leasing fundamentals point to continued recovery in the office and industrial sectors, but buyers continue to focus on major cities over tertiary markets, according to a webcast on Tuesday from commercial real estate brokerage Marcus & Millichap.
The top after-market NASDAQ stock market gainers are: Solazyme, DealerTrack Holdings, Amedisys, Central European Distribution, and Kopin. The top after-market NASDAQ stock market losers are: Legacy Reserves, Urban Outfitters, Limelight Networks, Array BioPharma, and Savient Pharmaceuticals.
Retail sales in the 17 countries sharing the euro fell more than expected in September despite some resilience in powerhouse Germany, the EU's statistics office said on Monday, reinforcing concern that the bloc's economy may be heading for a recession.
After another week of confusion and turmoil in Europe, investors are ditching whatever hopes they once had for a conclusive solution to the debt crisis.
Jones Lang LaSalle, one of the world's largest real estate services companies, reported revenue of $903 million in the third quarter, up 28 percent from the previous year.
The Securities and Exchange Commission has launched a probe into whether MF Global Holdings made misleading statements about the $6.3 billion bets that sank the company, the Wall Street Journal said, citing people familiar with the matter.
Stocks rebounded after two days of losses on Wednesday, aided by upbeat job market data as investors eyed a crisis meeting about Greece and a Federal Reserve policy session.
Prosecutors have filed a lawsuit against Allied Home Mortgage Capital Corp and its executives, Jim Hodge and Jeanne Stell, claiming that the company misled the federal Department of Housing and Urban Development (HUD) with bad mortgages.