citigroup

Wal-Mart pulls plug on smallest stores, shuts 269 locations

The move includes Wal-Mart's largest-ever single culling in the United States, where the company is closing 154 stores. The world's largest retailer said it hoped to transfer many of the 10,000 U.S. and 6,000

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Wal-Mart pulls plug on smallest stores, shuts 269 locations

citigroup

Lower legal bill boosts Citi profit but core revenue weak

Citigroup Inc reported a massive jump in quarterly profit as a sharp drop in legal costs and gains from the disposal of unwanted assets masked weak revenue from its core business. Shares of Citi, which was displaced by Wells Fargo & Co as the No.3 U.S. bank by assets, fell as much as 7.2 percent to a near three-year low of $42.11 on Friday. Most banks have resorted to aggressive

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Lower legal bill boosts Citi profit but core revenue weak

citigroup

Fed approves curb to future ‘too big to fail’ lending

The Federal Reserve Board on Monday approved a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank's controversial decision to aid AIG , Citigroup and others in 2008. The rule, unanimously approved by the Fed's Washington-based board in an open meeting, requires that any future emergency lending be only “broad-based” to address larger financial market…

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Fed approves curb to future ‘too big to fail’ lending

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