Citigroup Inc. Chief Executive Charles Prince is expected to step down soon from the helm of the largest U.S. bank, which many shareholders and analysts say needs new leadership to extract itself from a mess of worrisome debt.
Mainland Chinese may have to wait a bit longer to invest in Hong Kong's red-hot stock market, after China's premier set several conditions before the much-anticipated program can go ahead, a report said Sunday.
Cargill Inc. is recalling more than 1 million pounds (450,000 kilograms) of ground beef that may be contaminated with E. coli bacteria, the second time in less than a month it has voluntarily recalled beef that may have been tainted.
The United Auto Workers union has reached a tentative contract agreement with Ford Motor Co., the last of the Big Three U.S. automakers participating in a historic round of negotiations that has slashed wages and changed the way health care is provided to retirees.
Masaya Igarashi wants US$200 headphones for his new iPod Touch, and he's torn between Nintendo Co.'s Wii and Sony's PlayStation 3 game consoles. When he has saved up again, he plans to splurge on a digital camera or flat-screen TV.
U.S. regulators have tightened restrictions on meat and poultry products from Canada because of concerns about testing practices at a Canadian firm that was the likely source of bacteria-contaminated meat that sickened 40 people in eight states.
