Citigroup Inc. is seeking to unwind more than $2.2 billion of collateralized loan obligations it set up for firms including a unit of Blackstone Group LP, according to people with knowledge of the deals.
Vikram Pandit, who oversaw Citigroup Inc.’s recovery with the help of a $45 billion government bailout, faces a profit squeeze as he adds staff and branches outside the U.S. amid a global economic slump.
This month’s rally in China’s stocks “still has legs” as the nation’s economic growth exceeds expectations and the world avoids a double-dip recession, said Michael Yoshikami , investment strategist at YCMNet Advisors.
NCR Corp. is so determined to boost margins that the world’s biggest supplier of ATMs is risking its investment grade rating on the most expensive acquisition by an integrated computer systems company in more than a decade.
Advanced Micro Devices Inc., expected to report its largest annual profit this year since 2000, may find its improving results overshadowed by the lack of progress in finding a new chief executive officer.