Blog Archives

–CEO Michael Corbat promotes longtime Citi executives –Jamie Forese to become head of institutional clients group –Private banking CIO Richard Cookson laid off (Adds layoff of private bank CIO, details about operations restructuring.) Citigroup Inc. C said Monday that Manuel [...]

A dispute over Chinese company audit access is heating up, threatening auditors, stocks and bilateral relations, Caixin Online reports. Read More

MILAN–Italian energy company Eni SpA (ENI.MI) Sunday said it planned to invest $8 billion in Libya over the next 10 years to develop its production activities as well as conduct more exploration in the north African country. Read More

Argentina’s recently nationalized YPF SA (YPF), which is courting investors in a bid to help the South American nation develop its huge shale-gas resources, is holding talks with Norway’s Statoil ASA (STO), a YPF official said Monday. Read More

Argentina’s recently nationalized energy company, YPF SA (YPF), is holding talks with Norway’s Statoil ASA (STO), a YPF official said Monday, a move that comes as YPF courts investors to help the South American nation develop its potentially huge shale [...]

Citigroup Inc. C said Wednesday it will eliminate 11,000 jobs, or about 4% of its workforce, and take a related $1 billion fourth-quarter charge. The bank has been under increasing pressure to cut costs to lift returns, and Citigroup’s new [...]

MELBOURNE, Australia–Woolworths Ltd. WOW.AU shareholders Thursday voted overwhelmingly to spin off 69 of its shopping centers into a real-estate trust. Shareholders voted 99% in favor at the company’s annual general meeting to create SCA Property Group. Woolworths owns Australia’s largest [...]

Goldman Sachs Group Inc. GS named 70 executives to its partnership on Wednesday, the smallest group to enter that elite ranking since the firm’s 1999 initial public offering. In a break from previous practice, Goldman announced the names after notifying [...]

LONDON–Diageo PLC (DGE.LN), the world’s largest liquor company by revenue, Friday said it has entered into an agreement to acquire 53.4% of United Spirits Limited in total at an aggregate cost of 111.67 billion rupees, or 1.29 billion pounds. Read [...]

Goldman Sachs Group Inc. (GS) said 4,000 of its workers returned to its headquarters in Lower Manhattan and another center across the Hudson River in Jersey City, N.J., on Wednesday as financial markets reopened after Hurricane Sandy passed through the [...]