:: Business News ::

• Citigroup shares drop as CEO plans to keep Smith Barney (Reuters)

  Reuters - Citigroup Inc shares tumbled for a fifth straight day, as Chief Executive Vikram Pandit tried to downplay speculation the banking giant might sell major businesses to restore its health and investor confidence.

  
  

• Wall St. falls as economic woes, Citi weigh (Reuters)

  Reuters - U.S. stocks fell into negative territory on Friday as shares of financials including Citigroup declined and investors worried about the deepening economic slump.

  
  

• Wal-Mart's Scott retiring as CEO, Duke to succeed (Reuters)

  Reuters - Wal-Mart Stores Inc , the world's largest retailer, said Lee Scott will retire as chief executive early next year and will be succeeded by Mike Duke, who heads its international operations.

  
  

• GM to return two leased jets amid criticism (Reuters)

  Reuters - General Motors Corp will return two of its leased corporate jets amid intense criticism in Washington this week on the luxury travel arrangements of its chief executive even as the company pleads for federal aid.

  
  

• U.S. consumers expect steep unemployment rise: survey (Reuters)

  Reuters - U.S. consumers expect the unemployment rate to rise steeply in a prolonged recession, and as a result have slashed spending plans, according to a survey released on Friday.

• HK stocks rise on talk of China rate cut (AP)

  AP - Hong Kong stocks advanced Friday, breaking a four-day losing streak, on bargain-hunting and speculation that China will cut interest rates over the weekend.

:: New Face Showcase ::

:: Rate The Music ::