CITIGROUP

The earnings season is when a large number of publicly traded companies release their quarterly earnings reports. The earnings season is so far topping Street views at a pace above typical quarters.

Express Scripts, Inc. (NASDAQ:ESRX) said it agreed to buy Medco Health Solutions, Inc. (NYSE:MHS) for $29.1 billion cash and stock deal that would see Express Scripts becoming the largest pharmacy-benefits manager in the U.S.

Troubled networking giant Cisco Systems (Nasdaq: CSCO) said it will slash 6,500 jobs – representing about 9 percent of its workforce, in a bid to save about $1-billion in annual expenses.

Australian investment banker Macquarie Group is expected to slash up to one-thousand jobs amidst a slowdown in M&A activity and tepid global market conditions.

Bank of America (BOA) shares dropped below $10 for the first time in two years on Friday.

Such a mass culling of jobs would be one of the largest such corporate layoffs in recent memory.

Wall Street banks are reported to post poor second quarter results this week, accounting for nearly a 20 percent drop in sales and trading revenues and prompting another round of layoffs, according to the New York Times.

Warren Buffett made a legendary mark as a financial leader in the 20th century, but is he past his prime in the 21st century?

Warren Buffett bets housing and unemployment will improve in America by late 2012 more than many economists expect.

Gina Rinehart, the richest person in Australia could soon beat Carlos Slim, Bill Gates and Mark Zuckerberg, if the Citigroup’s predictions are correct.

Bank of America (NYSE:BAC), one of the nation's largest banks by assets, has confirmed an $8.5 billion settlement with high-profile investors over mortgage loans, and would report a second-quarter loss in the range of $8.6 billion to $9.1 billion.

Bank of America (NYSE:BAC) is nearing an $8.5 billion settlement with high-profile investors over mortgage loans, according to people familiar with the matter.

Gary Foster, a former vice president at Citigroup's treasury finance department, has been arrested for his alleged involvement in a $19 million fraud.

According to various reports, Gina Rinehart, an Australian mining executive, is one the verge of becoming the richest person on the planet.

JPMorgan Chase, the Wall Street bank that during the financial crisis has managed to remain afloat has agreed to pay $153.6 million to settle claims by the U.S. Securities and Exchange Commission it designed and sold a product linked to risky mortgages during the housing market collapse of 2007.

Japanese Video game developer Sega on Sunday said about 1.3 million customer’s information has been stolen from its database.

President Barack Obama is redoubling his efforts to curry favor with the financial industry, a bastion of support for his 2008 campaign whose members have criticized the president's rhetoric and support for increased regulation.

Sony, Google, the FBI, Lockheed Martin, Citigroup, and now the International Monetary Fund (IM) -- the tentacles of cyber criminals are not sparing any big ticket organisation in the world. The infiltration might have involved significant reconnaissance prior to the attack, and code may have been written specifically to penetrate the the Fund, according to a former cybersecurity specialist at the World Bank.

In the past few months, hackers have enjoyed a swelling of fame while their hits have suffered hurt customer credibility and financial loss. Now it's Citibank's turn.

Citigroup does not know how the computer breach revealed Thursday which affected hundreds of thousands of its credit card customers took place, but such an event fell in line with a risk the company outlined to shareholders in its publicly available annual report in March.

A hacking attack of around 210,000 customers in Citibank accounts happened in May, but a belated alert finally reached customers Wednesday, when Citigroup admitted the breach.