CITIGROUP

Merrill Hires from Wells Fargo, MSSB

A U.S. flag flies above Wells Fargo & Co headquarters in San Francisco
Bank of America (BAC.N) Merrill Lynch has recruited three former Wells Fargo advisers and one former Morgan Stanley Smith Barney adviser to join its California, Connecticut and Wyoming offices, the firm said late on Monday.

Amazon Kindle Fire Threatens Netflix Too

Report: Kindle Success Creates Big Room for Amazon Smartphone Next Year
Amazon rolled out its much anticipated Kindle Fire on Wednesday, its first fully fledged tablet computer posing a threat to Apple's iPad empire. But other players may also need to watch out.
IBTimes Logo

Citi CEO says bank to adjust for slowdown: Dow

Citigroup Inc plans to fine-tune its business as economic growth shows signs of slowing, Chief Executive Vikram Pandit said in an interview with Dow Jones, signaling that the bank is considering cost cuts.
More news
Australian Stock Market

Commodities Bounce off Session Lows on Hope about Europe

Commodities bounced off lows on Monday after one of the biggest sell-offs since the 2008 financial crisis turned into cautious buying on hopes that Europe would prevent its debt crisis from dragging down the global economy.
An employee walks pass a billboard in the Wipro campus in Bangalore

Wipro in Talks to Sell Assets in U.S. Unit - Report

Wipro, India's No.3 software services exporter, is considering selling data centres and other computer hardware assets of its U.S. unit Infocrossing, the Economic Times reported on Monday, quoting unnamed officials and bankers familiar with the talks.
A box from Amazon.com is pictured on the porch of a house in Golden

Amazon Tablet: The Only Viable iPad Contender

A number of manufacturers have tried and failed to enter the tablet computing space, currently dominated by the iPad and iPad 2, but Amazon's forthcoming tablet may have the right mix to shake Apple's empire.
IBTimes Logo

Citi's Pandit suggests new way to gauge risk

To protect the international financial system, regulators should rely more on a benchmark portfolio as a tool to guard against excessive risk-taking, rather than the capital standards now in use, Citigroup Chief Executive Vikram Pandit said on Friday.
IBTimes Logo

Commodity Investors Head for Exits

Commodity investors fled for the exits on Thursday in a panic over raw materials demand, unconvinced that Federal Reserve action will stem a global economic slowdown that shows signs of infecting China and Germany.
Traders work on the floor of the New York Stock Exchange

Dow Down More than 400 Points; Every Component in the Red

U.S. stocks are suffering a massive sell-off, with the Dow Jones Industrial Average plummeting more than 400 points, in the wake of a grim outlook from the Federal Reserve. Treasuries are rallying, the yield on the 10-Year note is at 1.76 percent, an all-time low.
IBTimes Logo

Wall Street tumbles as recession fears hit

Stocks tumbled on Thursday, extending losses for a fourth straight session, as the Federal Reserve's weak outlook for the U.S. economy and disappointing data from China heightened fears about a global recession.
IBTimes Logo

Wall Street set for third down day on recession fears

Wall Street was set for a sharply lower open and its third straight down day on Thursday as a grim outlook from the Federal Reserve and downbeat data in Europe and China heightened fears about a global recession.
IBTimes Logo

Moody's downgrades big banks on changed U.S. policy

Moody's Corp cut the debt ratings of Bank of America Corp , Wells Fargo & Co and Citigroup Inc on Wednesday, saying the U.S. government is getting less comfortable with bailing out large troubled lenders.
Federal Reserve Chairman Ben Bernanke

Stocks Plunge After Fed's 'Operation Twist' Announcement

Stocks plunged late Wednesday after the Federal Reserve announced it will sell $400 billion worth of short-maturity bonds and reinvest in bonds with maturities of six to 30 years in the coming year. The program has been commonly referred to as Operation Twist.
IBTimes Logo

United Tech, Goodrich talk final deal terms: sources

The chances of an interloper appear slim in the ongoing deal discussions between United Technologies Corp and Goodrich Corp , according to people familiar with the matter, removing one potential hurdle for United Tech in acquiring the aerospace company.
IBTimes Logo

China's Sany Heavy to raise $3.33 bln in HK offer

Sany Heavy Industry Co Ltd , China's largest construction machinery maker, could raise up to $3.33 billion in the second biggest stock offering this year in Hong Kong, braving volatile markets to raise funds for expansion of its factories.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.