A consortium of the world's biggest banks, led by Citigroup, is working to create a fund to back up to $100 billion in shaky mortgage and other securities, according to published reports Sunday.
The Food and Drug Administration's approval of Merck's HIV medicine, Isentress, this afternoon punctuates the oft-overlooked resurgence of the drugmaker's research labs in the midst of top-management turnover, product liability lawsuits and industry-wide scientific malaise.
A week before eBay's earnings announcement, the Internet auction giant rolled out its latest feature designed to bring users back to the old neighborhood. Think of it as eBay meets Facebook.
While all offer reasonable protection from front impacts, there are big differences in side impact protection among six truck-based SUVs, according to the Insurance Institute for Highway Safety.
BEA Systems has rejected a cash bid for the company from rival business software provider Oracle that appeared to signal the start of a bidding war for the company.
In the midst of yet another management shakeup at Citigroup - these stretch across the landscape like a very long freight train crossing Kansas - there is one statement to focus on. That is the declaration of Citigroup executive Robert Rubin (made to The New York Times) that he would bet $100 that Citi's Charles "Chuck" Prince will still be the company's CEO five years from now.
