Citigroup Inc. (NYSE: C) raised $1.9 billion, a much-needed piece of capital, from the sale of its entire stake in Indian's giant mortgage lender Housing Development Finance Corp.
U.S. stock index futures pointed to a slightly higher open for equities on Friday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 0.1 percent to 0.2 percent.
Citigroup sold its stake in Housing Development Finance Corp (HDFC) for $1.9 billion, as global banks focus on shoring up their balance sheets to meet stricter capital requirements.
Citigroup Inc. exited investment in India's Housing Development Finance Corp. for $1.9 billion resulting in a pre-tax gain to it of $1.1 billion and an after-tax gain of approximately $722 million.
Manhattan's venerable Plaza Hotel, site of a $48 million sale in 2011, has seen two more big deals to start off 2012. One of the building's penthouses, #PH2009, has been sold, according to StreetEasy. The deal hasn't closed yet, but the last asking price was $33.5 million.
U.S. stocks fell on Wednesday with the S&P 500 stalled near a 10-month-old high after weak data on Europe's business activity raised concerns about a recession.
Royal Dutch Shell Plc (RDSa.L) has made an agreed 992.4 million pounds ($1.6 billion) bid for Mozambique-focused Cove Energy (COVE.L), offering a full price to open up a new gas frontier for the Anglo-Dutch oil major in East Africa.
Ford Motor Co. is pouring $3.8 billion into its global pension plan this year and will invest its plan assets more heavily in bonds, as the second-largest U.S. automaker moves more aggressively to minimize its pension risks in a shaky market.
Online review site Yelp gearing up for its IPO next week, but once the company hits the New York Stock Exchange on March 2, should consumers line up to buy the company's stock?
Gold rose for a second day on Tuesday, taking its cue from a brief rally in the euro after euro zone finance ministers struck a deal with Greece on its emergency funding, while silver shrugged off data that showed a steep drop in Chinese imports.
Media conglomerate Vivendi, the Paris-based parent of Universal Music Group, officially sought approval from the European Union to purchase London-based EMI Group's recorded-music business, the European Commission announced Monday on its website.
French media group Vivendi's Universal Music is seeking EU regulatory approval to buy British record label EMI's recorded music unit for $1.9 billion to boost its worldwide market share, the European Commission said on its website on Monday.
By now everyone should know about Russian heiress Ekaterina Rybolovleva. When a deal closed on an $88-million apartment on Wednesday, it was the most expensive apartment sold in New York City and she owns it.
Yelp, the San Francisco-based review website, could get a pop in its initial public offering if the overall market continues on a tear.
Republican critics of a Senate cybersecurity bill want to slow down consideration of the measure, saying it could give government too much power over private-sector infrastructure companies.
Ekaterina Rybolovleva, 22, now owns the most expensive apartment ever sold in New York City, after her billion father, Russian fertiliser magnate Dmitry Rybolovlev on Wednesday, closed the $88 million-deal for the Central Park West pad. He is said to be the 93rd richest man.
John Reed, who helped engineer the merger that led to the creation of Citigroup, told the SEC that the agency needs strengthen the rule to avoid the high-risk trading activities that helped cause the collapse of the world's financial system.
Moody's Investors Service placed 114 financial firms , as well as 17 banks and securities firms with global capital markets operations, under ratings review due to the ongoing Eurozone crisis.
Moody's Investors Service placed the ratings of Bank of America Corp., Citigroup Inc. and Goldman Sachs Group Inc. on review for possible downgrade because it says the business' profitability will be diminished longer term.
Moody's Investor Service warned Thursday it could downgrade the credit ratings of 17 global banks and securities firms due to more fragile funding conditions, increased regulatory burdens and a more difficult operating environment.
Citigroup Inc has agreed to pay $158.3 million to settle U.S. civil claims that it defrauded the government into insuring thousands of risky home loans made by its CitiMortgage unit.
The rumors about Apple's next generation iPad - dubbed iPad 3 - are always buzzing around the Internet, but it won't keep for long, if the latest report of iMore that the new tablet will be unveiled on March 7, is true.