Mexico bank regulator, Citigroup report second fraud at Banamex
MEXICO CITY (Reuters) – Citigroup and Mexico’s bank regulator on Monday said they uncovered a second fraud at Citi’s local unit Banamex, as part of a wider investigation following the discovery in February of fraudulent loans to oil services company Oc…
Citi posts higher income as troubled assets perform better
(Reuters) – Citigroup Inc posted better-than-expected quarterly income as losses on troubled assets narrowed, but revenue declined in many of its major businesses and operating expenses remained stubbornly high.
Walgreen under shareholder pressure to relocate to Europe: FT
(Reuters) – U.S. drugstore chain operator Walgreen Co is under pressure from a group of shareholders to consider relocating to Europe to gain tax benefits, the Financial Times reported.
Gucci takes direct control of Moscow shops
MILAN (Reuters) – Italian fashion and leather brand Gucci, which is owned by French group Kering , has taken direct control of its shops in Moscow and will open two new sales outlets in the Russian capital, the company said on Monday.
Lawsuit claims CME gave high-frequency traders special access
(Reuters) – A group of traders has sued CME Group Inc, accusing the operator of the world’s largest derivatives exchange of selling market data to high frequency traders, cheating other investors who lacked such access.
Porsche’s success looms over Maserati sales push
MILAN (Reuters) – As Fiat Chrysler moves to reinvent its small Maserati brand as a serious rival to the world’s luxury car makers, the pressure to succeed is all the greater for the startling success of Germany’s Porsche.
GM says heads of communications and human resources leaving company
DETROIT (Reuters) – General Motors Co announced on Monday that its heads of human resources and communications are leaving the company “to pursue other interests.”
Private money, public projects: More U.S. states doing deals
(Reuters) – Visitors to New York who land at LaGuardia Airport could be forgiven for not realizing they’ve arrived in one of the world’s swankiest cities.
T-Mobile ends overage charges, CEO challenges competitors to follow
NEW YORK (Reuters) – T-Mobile US Inc said on Monday it would stop charging penalties for customers who go over their data plan limits and launched an online petition calling for rival carriers to do the same.
Consumers’ view of U.S. job market brightened in March: NY Fed
NEW YORK (Reuters) – U.S. consumers grew more confident in the labor market last month, with younger workers in particular seeing a greater chance of finding work should they lose their current job, a survey from the Federal Reserve Bank of New York sa…
