Topic: Citigroup Inc.
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World's five largest companies
For the first time in nearly a decade, the world’s five largest public companies are all American affair These are the Top 5, as of mid-April 2013.
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Meet the nine richest self-made women
Forbes has released its annual billionaires list, and nestled among the usual suspects were women who have made or helped make their own fortunes, in industries ranging from television to real estate to clothing. These are the nine richest self-made women on Forbes 2013 Billionaires List.
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Five brokers' secrets you should know before trading online
Over 17 million investors with the three largest online brokerages – Schwab, E-trade, and TD Ameritrade – are paying more than $1.8 billion every year on trading fees and brokerage services that most of them don’t need, according to a recent NerdWallet study. Here are five brokerage secrets you should know before trading online:
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Five ways big banks' Libor scandal affects you
London, this year's host of the Olympics, is also home to a bank scandal that threatens to rock the financial world as much as the Games influence the world of sports. Here's why: Libor (London Interbank Offered Rate) is a global benchmark for interest rates that reaches deep into the international financial system. Allegations that banks rigged those rates means that everyone from mortgage-holders and indebted students to cities and mutual funds may have had their interest rates unnaturally altered. Already tainted by other scandals, banks are under investigation because of charges that they profited illegally from their rate-rigging scheme. The mess further taints big banks and puts more strain on the credibility of the global financial system. Here are five ways the Libor scandal could affect you:
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Baseball fans: Take a quick tour of all 30 major league ballparks
Authors Josh Pahigian and Kevin O’Connell explore America's major league ballparks in "The Ultimate Baseball Road."
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NFLX: Netflix stock tanks as 800,000 subscribers flee
NFLX took a tumble Tuesday, after Netflix announced that it lost 800,000 subscribers. What will it take for the NFLX stock to rebound?
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Tech stocks fall amid Apple earnings slump
Tech stocks were felled by a rare earnings miss at Apple, Inc. The Dow fell 72 points to 11504 after trading high for most of the day, as Apple's poor earnings results helped drag down tech stocks.
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Tech stocks a drag on market after Apple's miss
Tech stocks moved broadly lower in midday trading after Apple earnings come in below expectations. Despite gloom over tech stocks, Intel breaks out after strong earnings growth.
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Goldman Sachs: Superstar firm falls back to Earth
Goldman Sachs posts higher-than-expected loss of $428 million. Quarterly loss is only the second since the firm went public.
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Stocks fall as Germany cools hopes for debt deal
Stocks had their worst drop in two weeks after German leaders cast doubt on how fast the debt deal process would be. The Dow dropped 247 points to close at 11397.
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Dow sinks, but tech stocks rally
The Dow Jones industrial average fell 40 points to close at 11478, but an afternoon rally in technology stocks trimmed some of the market's losses.
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Bank of America, other CEOs: Tax us more, if...
Bank of America CEO says wealthy Bank of America clients would support 'millionaire tax' if money used to put US fiscal house in order. Google chairman says higher taxes wouldn't crimp his spending.
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European debt crisis: Seven basics you need to know
Will this crisis ever be over?! The nations of the eurozone seem to be fighting endless battles to address fears about government finances. The worry is that unsustainable national debt loads will result in default, a financial panic, or a costly repair effort that puts a squeeze on the economy in Europe and beyond. Here's a backgrounder on the problem, its consequences, and possible ways forward.
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Checking account fees: too expensive for poor?
Checking account fees at big banks rising to $10 or more per month. Without large balances or computer access to eliminate checking account fees, poor could move to smaller institutions or out of banking system altogether.
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Gold futures could fall to $1,100
Gold futures overshot on uptrend, says analyst. Now, gold futures bottoming at $1,500 an ounce or, and that doesn't hold, to between $1,100-$1,200.
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Global markets drop sharply on US, Europe outlook
Global markets reflect worry about rising interest rates for eurozone's weakest nations and possibility of a US recession. Among global markets to tumble most: Germany, down 5.3 percent and France, down 4.7 percent.
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Faulty mortgage loans catch up with 17 big banks
Faulty mortgage loans were a major contributor to the recession and now a US regulator is suing 17 big banks for their role in those faulty loans.
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US sues biggest banks over risky mortgages
Government lawsuit claims 17 banks, including Bank of America, Citigroup, and JP Morgan, misrepresented the value of $196 billion worth of mortgage-backed securities when it sold them to Fannie Mae and Freddie Mac.
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Stocks fall, ending a four day rally
The Dow lost 119.96 points to close at 11,493.57. The S&P fell 14.47 points to end the day at 1,204.42, and the Nasdaq fell 33.42 points to 2, 546.04
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Debit card fees: You can still avoid them. For now.
Debit card fees are on the rise as banks look for ways to make up for lost revenue. But Citibank, Capital One still offer no-fee cards.
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Stock traders: Here we go again
Stock traders see the Dow fall 500 points before paring some of its losses. European stock traders endure biggest one-day decline in almost three years.
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Dow skids 600, worst day since credit crisis
The Dow closed down 634 points, the S&P 500 lost 79 points, and the Nasdaq ended 174 points lower. For every stock that rose at the New York Stock Exchange, more than 69 fell.
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Allstate shares up after smaller-than-expected loss
Allstate reports $620 million loss due to string of natural catastrophes. Allstate manages to raise insurance rates in 18 states.
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Banks bulldoze houses, despite millions being homeless
Bank of America and others plan to raze repossessed, vacant homes in some cities. Is demolition really an ethical solution?
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Murdoch scandal: How are his big US media outlets covering it?
Although the media baron has adopted a contrite tone in Britain, his flagship holdings in the US have so far taken different approaches to the Murdoch scandal.
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Brazilian soccer clubs flexing new financial muscle
Star striker Carlos Tevez's transfer from Manchester City to Corinthians in São Paulo, unthinkable 10 years ago, is now a real possibility thanks to the strong real and Brazilian teams' new business professionalism.
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Credit cards see more profits, less late payments
Credit cards in the US are being paid off in full more often this year, leading to healthy gains by the credit card companies.
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Citigroup posts 6th quarterly profit in 2Q
Citigroup's net income rose 24 percent, as losses from bad loans fell 35 percent during the quarter. Consumer loans at Citigroup increased by 11 percent.
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Why America should care about Europe’s economy
In the globally connected economy, financial pain in either Europe or the US has worldwide ripples.
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Computer security: Parents, teenagers take risks online
Computer security survey found that more than half of all parents with infected computers had had their computer security violated more than once. A quarter of teens had visited adult sites, which often spread malicious software.
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