Citigroup Inc. shareholders may have finally gotten what they wanted ?the resignation of Chairman and Chief Executive Charles Prince ?but Wall Street's worries are far from over.
The first strike by Hollywood writers in nearly 20 years got under way Monday with noisy pickets on both U.S. coasts ?a walkout that threatens to disrupt everything from late-night talk shows to soap operas.
Canadian Imperial Bank of Commerce said it has agreed to sell its U.S. investment banking, equities, leveraged finance and related debt capital markets businesses to Oppenheimer Holdings Inc.
Australia's largest agricultural chemicals maker, Nufarm Ltd., said Monday it has received a 3 billion Australian dollar (US$2.8 billion; ?1.9 billion) bid from a consortium including U.S. investment firm Blackstone Group LP. and state-owned China National Chemical Corp.
China's biggest oil and gascompany, PetroChina, surged past Exxon Mobil on Monday to become the world's first company worth more than US$1 trillion, though most of the company remains in government hands.
U.S. Commerce Secretary Carlos M. Gutierrez touted Vietnam's booming economy Monday, saying there was great potential to expand trade ties between the United States and its former foe.
Microsoft Corp. has added college basketball and other ESPN programming to the growing lineup of video content available for download to its Xbox 360 video game console.
Prime Minister John Howard warned Monday that the Australian economy is becoming more difficult to manage with the central bank widely expected to boost interest rates this week.
