Topic: Buisiness and Economy

The new items published under this topic are as follows.

Articles: Citigroup Pays $2.65bn to Settle WorldCom Action

Posted by admin on Tuesday, May 11, 2004 - 02:56 AM

	Financial services giant Citigroup Inc has agreed to pay $2.65bn to settle a class-action suit brought by WorldCom investors who claimed it had engaged in a misleading promotion of WorldCom securities during a period when the phone carrier was engaging in accounting violations. Read full article: 'Citigroup Pays $2.65bn to Settle WorldCom Action'

· 105 Reads ·

Articles: EU Offers to End Farm Subsidies

Posted by admin on Monday, May 10, 2004 - 11:48 PM

	Prospects for a global agreement to lower trade barriers got a significant boost yesterday as the European Union offered concessions on some major sticking points, in particular the issue of subsidy payments to farmers. Read full article: 'EU Offers to End Farm Subsidies'

· 81 Reads ·

Articles: Citigroup takes $5 billion charge

Posted by admin on Monday, May 10, 2004 - 11:46 PM

	NEW YORK (CBS.MW) -- Citigroup surprised Wall Street Monday by announcing a charge of almost $5 billion to shut the books on charges it misled WorldCom investors, and to beef up reserves for future, similar settlements. Read full article: 'Citigroup takes $5 billion charge'

· 94 Reads ·

Articles: Oil pauses after slide, looks at OPEC capacity

Posted by admin on Monday, May 10, 2004 - 11:43 PM

	SINGAPORE, May 11 (Reuters) - Oil prices held steady on Tuesday after tumbling $1 a day earlier as traders pondered whether a Saudi proposal for OPEC to raise crude output would have any impact on global supply and demand balance. Read full article: 'Oil pauses after slide, looks at OPEC capacity'

· 78 Reads ·

Articles: Citigroup in $2.65 Billion WorldCom Settlement

Posted by admin on Monday, May 10, 2004 - 06:14 AM

	Citigroup (C:NYSE - commentary - research) will pay $2.65 billion to the former owners of WorldCom for its role in misrepresentations that eventually sent the huge telecommunications company into bankruptcy two years ago. Read full article: 'Citigroup in $2.65 Billion WorldCom Settlement'

· 106 Reads ·

Articles: Hollinger seeks $1.3 bil. from Black

Posted by admin on Monday, May 10, 2004 - 06:12 AM

	Hollinger International, the company that owns the Chicago Sun-Times, has raised the stakes in its battle with former chairman and controlling shareholder Conrad Black, slapping him with a $1.3 billion racketeering lawsuit. Read full article: 'Hollinger seeks $1.3 bil. from Black'

· 93 Reads ·

Articles: EU offers to halt farm subsidies

Posted by admin on Monday, May 10, 2004 - 06:09 AM

	The European Union has offered to stop subsidising farm exports in a move aimed at reigniting world trade talks. Read full article: 'EU offers to halt farm subsidies'

· 117 Reads ·

Articles: Balfour Wins $200 Million in Road Contracts in U.S. (Update1

Posted by admin on Monday, May 10, 2004 - 01:51 AM

	May 10 (Bloomberg) -- Balfour Beatty Plc, the U.K.'s biggest construction company, said its U.S. engineering unit won road-construction contracts worth more than $200 million. Read full article: 'Balfour Wins $200 Million in Road Contracts in U.S. (Update1'

· 88 Reads ·

Articles: Details of suit against Black in public domain

Posted by admin on Monday, May 10, 2004 - 12:45 AM

	Details of Hollinger International's $1.25bn lawsuit charging Conrad Black, the newspaper publisher's former chairman and chief executive, and some of his associates with racketeering will be pored over by US regulators, lawyers and investors today, when they enter the public domain. Read full article: 'Details of suit against Black in public domain'

· 98 Reads ·

Articles: Oil prices on brink of $40, Mideast tension high

Posted by admin on Friday, May 07, 2004 - 07:23 AM

	LONDON, May 7 (Reuters) - World oil prices simmered close to 13-year highs on Friday, on the brink of $40 a barrel for U.S. crude and prompting warnings from the United States that higher fuel costs could stunt economic growth. Read full article: 'Oil prices on brink of $40, Mideast tension high'

· 96 Reads ·