Citigroup first-quarter profit rises 31 percent Citigroup Inc reported a higher-than-expected 31 percent rise in first-quarter profit on Monday as it drew down loss reserves for mortgage loans, and revenue from its securities and investment banking business swelled. More
Hyundai, Kia recalling 1.9 million vehicles Korean automakers Hyundai and Kia are initiating one of their largest recalls ever – or more precisely, three separate service actions announced today that involve 1.9 million vehicles sold in the U.S. market since late 2006. More
Judge questions fairness of Citigroup $590 million settlement A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup Inc's proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets. More
Citigroup profit hit by more than $2 billion in charges Citigroup Inc posted $2.32 billion of charges for layoffs and lawsuits in its first financial report under new Chief Executive Michael Corbat, who said the bank needs to do better for shareholders. More
New Call For Citi Split, Investor Says Bank Can Recoup $50B Valuation Gap Since the financial crisis Citigroup has managed to firm up its balance sheet and fence off most of the toxic assets that brought the bank to its knees. Some shareholders want the firm to go further though, and the latest call for a breakup comes from an unlikely source. More
Kuwait Finance House sells 18.18% stake in Sharjah Islamic Bank KUWAIT-- Kuwait Finance House (KFH), better known as Baitak, announced Thursday that the KFH Group' entire stake in the UAE's Sharjah Islamic ... Its authorized capital hits KD 1.7 billion (around USD ... 10/23/2024 - 1:00 pm | View Link
After a month of unexplained bouts of stomach pain, an otherwise healthy 16-year-old girl arrived at the emergency department of Massachusetts General Hospital actively retching and in severe pain.
A CT scan showed nothing unusual in her innards, and her urine and blood tests were normal. The same was found two weeks prior, when she had arrived at a different hospital complaining of stomach pain.
NEW YORK — Delta Air Lines is doubling down on its focus on premium travelers and courting customers who are willing to pay for extra services.
The growing wealth of high-income travelers is driving demand for more premium services, according to Delta.
The Atlanta-based airline during a media briefing Tuesday and during its annual Investor Day on Wednesday unveiled more details on how its strategy will evolve.
In short, Delta has made a lot of money over the years catering to premium travelers and customers can expect Delta to push new amenities and levels of service in its airliners and in airport terminals that it can monetize.
Over the last 15 years, Delta has added more classes of service on its airplanes beyond the typical coach class and first class or business class, including the addition of Comfort+ extra legroom seats and premium economy.
“The more you pay, the more you get,” said Delta President Glen Hauenstein.
The duck-billed dinosaur Parasaurolophus is distinctive for its prominent crest, which some scientists have suggested served as a kind of resonating chamber to produce low-frequency sounds. Nobody really knows what Parasaurolophus sounded like, however. Hongjun Lin of New York University is trying to change that by constructing his own model of the dinosaur's crest and its acoustical characteristics.
A federal court yesterday ruled against parents who sued a Massachusetts school district for punishing their son who used an artificial intelligence tool to complete an assignment.
Dale and Jennifer Harris sued Hingham High School officials and the School Committee and sought a preliminary injunction requiring the school to change their son's grade and expunge the incident from his disciplinary record before he needs to submit college applications.
A Michigan company is recalling more than 167,000 pounds of ground beef products because of a possible E. coli contamination, the fourth major recall tied to a food-borne illness nationally in the past five months, according to a U. S. Department of Agriculture release.
Wolverine Packing Co., a Detroit establishment, is recalling approximately 167,277 pounds of ground beef products that may be contaminated with E.
An ad company’s foray into TV operating systems (OSes) illustrates a significant shift for TV hardware toward products that are increasingly focused on ad sales and tracking.
With more people using web-based streaming for TV, smart TV OSes have become the most lucrative part of the TV business. OS owners accumulate valuable data on how people use their smart TVs and streaming sticks, which is helpful for OS operators as well as third parties, like companies paying for ads distributed via TV OSes.