Highlights
A collection of news and information related to Citigroup Incorporated published by Tribune Company sources.
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FTC approves Wachovia purchase
NEW YORK Federal antitrust regulators cleared yesterday Wells Fargo's $11.7 billion acquisition of Wachovia Corp., capping a weeklong battle for the Charlotte, N.C.-based bank. The Federal Trade Commission's approval comes a day after Citigroup Inc....Tags: Breach of Contract, Wachovia Corp., Wells Fargo & Co., Charlotte, Corporate Crime
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Stocks swing wildly, surge late
The Associated PressWall Street capped one of its worst weeks ever with a wild session today that saw the Dow Jones industrials gyrate within a 1,000 point range before closing with a relatively mild loss and the Nasdaq composite index actually ending with a modest advance....Tags: Stocks, Wachovia Corp., Bonds, Petroleum Industry, Wells Fargo & Co.
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Friday's market movers
WACHOVIA $1.55 (43%) to $5.15 Shares soared after Citigroup abandoned its bid to buy the bank, leaving Wells Fargo & Co. to complete its deal. Federal antitrust regulators cleared transaction on Friday. Wells Fargo stock rose 4 percent; Citigroup...Tags: Viacom Inc., CBS Corp., Wachovia Corp., ConocoPhillips, Petroleum Industry
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Wachovia, ahora sí, a manos de Wells Fargo
The Associated PressNUEVA YORK — Wells Fargo surgió como el aparente ganador de la batalla por el control del banco Wachovia, luego que el otro interesado en su adquisición, Citigroup, rompió las negociaciones con su rival y con reguladores federales. Sin embargo,...Tags: Wachovia Corp.
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Wachovia leads state in bank deposits
Even as it is being acquired by Wells Fargo, troubled Wachovia Corp. has taken over the top spot in the race for banking deposits in Florida, according to recently released government figures. Wachovia had amassed more than $71 billion in deposits...Tags: NBC, Petroleum Industry, Wachovia Corp., Banking, General Electric Company
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GE profit falls 22 pct, meets lowered expectations with finance unit hammered by credit crisis
AP Business WriterHARTFORD, Conn. (AP) _ General Electric Co. spared investors any nasty surprises as it reported a 22 percent drop in third-quarter earnings on Friday, meeting its own lowered forecast and blaming the decline on its struggling finance arm. The company's...Tags: Warren Buffett, Earnings Forecasts, NBC, Berkshire Hathaway Incorporated, Automotive Equipment
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Feds OK Wachovia deal by Wells Fargo
Federal antitrust regulators Friday cleared Wells Fargo's $11.7-billion acquisition of Wachovia Corp., capping a weeklong battle for the Charlotte, N.C.-based bank. The rapid approval came a day after Citigroup Inc. walked away from its own efforts to...Tags: Breach of Contract, Anti Trust Crime, Wachovia Corp., Wells Fargo & Co., Contracts
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Antitrust regulators clear Wells Fargo's buy of Wachovia, which experienced a 'silent run'
AP Business WriterNEW YORK (AP) _ Federal antitrust regulators on Friday cleared Wells Fargo's $11.7 billion acquisition of Wachovia Corp., capping a weeklong battle for the Charlotte, N.C.-based bank. The rapid approval comes a day after Citigroup Inc. walked away from...Tags: Anti Trust Crime, Wachovia Corp., Wells Fargo & Co., J.P. Morgan Chase & Co., Antitrust Issues
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GE profit falls but spares investors any nasty surprise by meeting lowered expectations
AP Business WriterHARTFORD, Conn. (AP) _ General Electric Co. spared investors any nasty surprises as it reported a 22 percent drop in third-quarter earnings, meeting its own lowered forecast and blaming the decline on its struggling finance arm. The company's loan and...Tags: Warren Buffett, Earnings Forecasts, NBC, Berkshire Hathaway Incorporated, Automotive Equipment
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Goldman Sachs, GE, Morgan Stanley, Macy's are among big movers on the stock market Friday
NEW YORK (AP) _ Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange: NYSE Goldman Sachs Group Inc., down $12.55 at $88.80 The bank's credit outlook was revised to negative by ratings agency Moody's, which expects a...Tags: Moody's Corporation, Stocks, Mitsubishi UFJ Financial Group Incorporated, The Goldman Sachs Group Incorporated, General Motors Corp.
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Sticking to banking basics yields golden opportunity for Wells Fargo to expand
AP Business WriterSAN FRANCISCO (AP) _ With its iconic stagecoach, Wells Fargo & Co. has evoked images of the wild West throughout its 156-year history. Now it's finally expanding east of the Mississippi with a $12.2 billion acquisition of Wachovia Corp., a golden...Tags: Moody's Corporation, Wachovia Corp., Countrywide Financial Corp., Banking, Wells Fargo & Co.
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$11.7B Wachovia deal approved
Federal antitrust regulators on Friday cleared Wells Fargo's $11.7 billion acquisition of Wachovia Corp., capping a weeklong battle for the Charlotte, N.C.-based bank. The rapid approval comes a day after Citigroup Inc. walked away from its own efforts...Tags: Breach of Contract, Court Administration, Anti Trust Crime, Wachovia Corp., Wells Fargo & Co.
Oct 11, 2008
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Oct 10, 2008
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Oct 11, 2008
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