Oil up Oil surged 2.5 per cent, up $2.44 to $95.93 a barrel, close to the re cord $96.24 hit earlier in the week. Ford cuts Ford Motor Co. may make additional job and spending cuts because of declining U.S. sales, sources said. The com pany may...
Viacom Inc. yesterday reported an 80 percent gain in quarterly profit, powered by strong box office sales of the hit movie "Transformers" and the sale of its Famous Music publishing business. The results from the media conglomerate, which owns MTV...
With Citigroup boss Chuck Prince expected to tender his resignation tomorrow, insiders at the world's largest bank are quietly pulling for the board to appoint Vikram Pandit as his replacement. Pandit, who has been at Citigroup for less than a...
Merrill Lynch - already knocked to its knees over the ouster of boss Stan O'Neal - got bloodied again yesterday with a crashing double-punch. Shares nose-dived nearly 12 percent for the worst trading drop in 18 years following a report that the...
After being strangled by its own worthless junk mortgages, the world's largest bank, Citigroup, is ready to oust its embattled chief Chuck Prince - the second Wall Street head to roll this week. The new witch hunt for Wall Street titans could...
