Citigroup chief economist Lewis Alexander is leaving the troubled financial services entity to join the US Treasury department, says a media report.
Both companies are also strong supporters of open-source Linux and Java software
Hewlett-Packard Co sued its former chief executive Mark Hurd to block him from joining rival Oracle Corp as a senior executive, alleging the hiring breaches his exit agreement and will lead to a transfer of technology giant's trade secrets to a competitor.
Joining the debate on the controversy over the proposed mosque near Ground Zero, the father of Wall Street Journal reporter Daniel Pearl, who was beheaded by militants in Pakistan, has said the mosque should not be built there and should be moved to another location.
Were you desperate to land an astrologically auspicious date for your wedding? How did it pan out?
Aditya Birla Group, Satyam Computer Services and Marriott Hotels India have been ranked as the top three employers in India.
'Zahid Hussain lays out, in considerable detail, the extent of Pakistan's involvement and active support for terrorism.'
Voice-based search technology has become the new battleground for web majors including Google and Microsoft.
Larry Ellison, the top-paid US CEO got a salary of Rs 8,587 crore ($1.84 billion) during the last decade. Check out the other top earners. . .
Raju Narisetti, who recently quit the Hindustan Times group's business newspaper Mint, has now been named one of the two managing editors of the Washington Post. Reports said that The Post named two managing editors on Tuesday Narisetti, who spent considerable time at the Wall Street Journal and Elizabeth Spayd, who has held top posts in the paper's digital and print newsrooms.
Cellphone maker Motorola Inc is in talks with Nokia Siemens Networks to sell its wireless- networking business for $1.2 billion, a media report said.
The report stated though a deal could be reached in the next few weeks, there was no certainty about it.
A private funeral for Apple co-founder Steve Jobs, who died on Wednesday after a seven-year battle with pancreatic cancer, was held, according to a media report. It was a small private gathering on Friday, the Wall Street Journal quoted a person familiar with the matter as saying.
A private funeral for Apple co-founder Steve Jobs, who died on Wednesday after a seven-year battle with pancreatic cancer, was held, according to a media report. It was a small private gathering on Friday, the Wall Street Journal quoted a person familiar with the matter as saying.
General Motors Corp and Chrysler LLC have reopened merger talks, as Chrysler owner Cerberus Capital Management LP has signalled its willingness to give away part of its ownership in the auto maker, a media report said today, citing people familiar with the goings-on.
European investors face billions of dollars losses in the wake of disclosure of 'Ponzi' scheme run by Bernard Madoff, now being investigated by the American authorities.
The $14-billion bailout package for the troubled United States auto industry has collapsed in the Senate amid dispute over the wages paid to workers of the troubled manufacturing giants, according to a media report.
United States Homeland Security Secretary Michael Chertoff has said the absence of an operational incident manager -- as was developed in the US after the 9/11 attack -- clearly was a major problem during the Mumbai terror attacks, where there was a glaring lack of coordination between various departments and agencies.
Rival bidders Vodafone and Reliance Communications are studying the possibility of taking an indirect route to acquire control of Hutchison Essar to skirt the right of first refusal claimed by the Essar group.
A Wall Street Journal report quoted a Yahoo insider as saying that 'Yahoo is open to selling itself to the right bidder'.
Democratic presidential candidate Barack Obama entered final hours of the election campaign with a solid, though narrowing, lead over his powerful Republican rival John McCain.
Disgraced Tour de France winner Floyd Landis has sent a series of e-mails to cycling officials and sponsors admitting to the use of performance enhancing drugs, the Wall Street Journal reported on Thursday. The report said the American's e-mails detailed his systematic use of the drugs during his career.
Eid ul Fitr or the 'festival of fast breaking' is the most celebratory of all Muslim festivals.
Citigroup plans to launch a $200 million fund for small-business lending in low and moderate income communities.
The report by the Wall Street Journal said, "Google Inc is planning to introduce Android-based television software to developers at an event in May," citing sources with knowledge of the development.
This effectively freezes the legal fight in the courts until Wednesday noon (2130 IST) following Wells Fargo and Wachovia announcement of $15 billion deal which bested the earlier deal with Citibank. Meanwhile, the Wall Street Journal said discussions to resolve the mess are continuing, with the most likely scenario resulting in Citigroup buying branches from Wachovia in the Northeast and mid-Atlantic region.
Hedge funds maximise absolute returns using a broad range of strategies including unconventional and liquid investments. Quoting people familiar with the matter the Wall Street Journal said: "The Securities and Exchange Commission ordered more than two dozen hedge funds to turn over trading information as it ramps up its investigation into whether traders were spreading rumours to manipulate shares."
Major American banks, including Citigroup and Goldman Sachs, temporarily lowered their debt in the past five quarters before reporting it to the public in order to mask risk levels, says a media report.
Billionaire Mukesh Ambani-led Reliance Industries has made it to the annual list of the world's 100 most respected companies compiled by the Wall Street Journal, topped by US-based healthcare products major Johnson & Johnson.
Apple's nascent interest comes as Hulu's owners look to sell the popular property. Hulu's owners include Comcast Corp, News Corp and Providence Equity Partners.
Attributing to people familiar with the development, The Wall Street Journal reported that UBS AG's brokerage unit in the US is laying off nearly 200 employees, including about 25 managing directors.
Floyd Cardoz, the chef behind the New York restaurant Tabla, has taken home the top prize in the third season of Top Chef Masters.
Commercial banks, charities and governments have set up funds worth hundreds of millions of dollars over the past few years to invest in private farm and food projects in Africa, while several major companies have expanded operations there, the leading financial daily Wall Street Journal said.
In an interview to The Wall Street Journal, Oracle chief executive Larry Ellison said that he is setting a new course for Oracle that includes hiring 2,000 sales and engineering employees and developing a line of high-end computer systems.
A good wealth manager is as important as a right mix of asset allocation in creating wealth in your lifetime.
According to The Wall Street Journal, Deutch joined Citi's board in 1996, after leading the Central Intelligence Agency.
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