Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat. The cuts amount to about 4 percent of Citi’s workforce of 262,000.
Some jubilation supporters of President Barack Obama may have felt after his re-election Tuesday was doubtless tempered by an apparent free fall on Wall Street.
Trading resumed on the New York Stock Exchange Wednesday after being closed for two days because of Hurricane Sandy. New York Mayor Michael Bloomberg ran the opening bell.
There was a moment in the debate that will be discussed in the days ahead that everyone missed until yesterday. A review of the debate tape reveals that, apparently, Mitt Romney needed a cheat sheet to keep the lies straight.
According to New York’s Attorney General, even while the nation’s economy was collapsing, Bear Stearns was only looking at its own bottom line and was lying to investors.
It is clear that Democrats have shown a greater propensity to spend money wisely with their campaigns and allied groups. At the end of the day, that is what America needs.
Romney is dragging his own campaign and every Republican down. Republican operatives and House and Senate candidates have conceded as much throughout the month of September.
Occupy Wall Street made the world aware of Wall Street’s nearly-obscene inequities. But, unfortunately, that has been about it. How much has really changed because of the 12-month-old movement?
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
“On September 15-17th, join us in this fight for our world — this fight for our lives,” reads a message on a website promoting the event.
Yankees closer Mariano Rivera would prefer to not know the status of his recovery from a torn ACL.
Those who have had trouble making the transition from military to civilian life are getting a little help on Wall Street today, WCBS 880′s Peter Haskell reported.
The couple married at his Palo Alto, Calif. home in front of fewer than 100 stunned guests who thought they would be attending a party to celebrate Chan’s graduation from medical school.
The executive responsible for trading strategy at JPMorgan Chase, one of the highest-ranking women in Wall Street, on Monday became the first casualty of the bank’s stunning $2 billion loss.
Occupy Wall Street is urging followers to block traffic at bridges and tunnels to make it hard for people to get to work.