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April 14- Citigroup Inc posted better-than-expected quarterly income as losses on troubled assets narrowed, but revenue declined in many of its major businesses and operating expenses remained stubbornly high. The biggest boon to Citigroup's first-quarter results came from Citi Holdings, the unit that houses the assets it's looking to shed.
April 14- Twitter Inc co-founders, Jack Dorsey and Evan Williams, and Chief Executive Richard Costolo have informed U.S. regulators that they did not plan to sell the microblogging company's shares after post-IPO restrictions are lifted in May.
April 14- Insurer Endurance Specialty Holdings Ltd said it offered to acquire Aspen Insurance Holdings Ltd for about $3.2 billion in cash and stock. Endurance's offer of $47.50 per share represents a premium of about 21 percent to Aspen's Friday close on the New York Stock Exchange.
April 14- China- focused hospital operator Chindex International Inc received a buyout offer of $23 per share, higher than the $19.50 offered by Shanghai Fosun Pharmaceutical Group and private equity firm TPG in February. Chindex, which runs the United Family Healthcare hospitals in China, did not name the new bidder.
April 14- U.S. drugstore chain operator Walgreen Co is under pressure from a group of shareholders to consider relocating to Europe to gain tax benefits, the Financial Times reported.
April 14- Insurer Endurance Specialty Holdings Ltd said it offered to acquire Aspen Insurance Holdings Ltd for about $3.2 billion in cash and stock.
April 14- Citigroup Inc's quarterly net profit rose 4 percent as a smaller loss on its troubled assets made up for a drop in revenue and profit from its core trading and lending businesses. Citigroup shares rose 3.8 pct to $47.43 in trading before the bell, clawing back some of the 9 percent loss since the Federal Reserve rejected its capital plans on March 26.
April 14- Oilfield services and drilling company Nabors Industries Ltd said it would separate the roles of chairman and chief executive after the tenure of CEO Anthony Petrello ends and limit severance payments for executives. Shareholders California State Teachers' Retirement System and Blue Harbour Group welcomed the steps.
April 14- Health information provider WebMD Health Corp said it expected its quarterly results to top its earlier forecast due to an improvement in sales, sending the company's shares up as much as 13 percent in premarket trading.
First-quarter adjusted net income rose to $4.15 billion, or $1.30 per share, from $4.00 billion, or $1.29 per share a year earlier, the third-largest U.S. bank said on Monday. The adjusted net loss from Citi Holdings, which holds the bank's portfolio of troubled assets left over from the financial crisis, eased to $292 million from $798 million a year earlier.
April 14- Liquid natural gas supplier Stabilis Energy said on Monday it would buy most of the U.S. assets of Encana Natural Gas Inc, a unit of Canada's Encana Corp, for an undisclosed price.
April 14- Asset manager TIAA-CREF will buy rival Nuveen Investments for $6.25 billion including debt, the Wall Street Journal reported, quoting top executives from both companies. The transaction, set to be officially announced Monday, would create a firm with nearly $800 billion under management, the Journal reported.
April 14- Oilfield services and drilling company Nabors Industries Ltd said it would separate the roles of chairman and chief executive after the tenure of CEO Anthony Petrello ends, following shareholder requests. Nabors also said it was limiting severance payments for executives to 2.99 times their salary and bonus.
April 14- Lexicon Pharmaceuticals Inc said its experimental drug to treat diabetes met the main goal of reducing the use of insulin at meal times in a mid-stage study on patients with type 1 diabetes. The company's shares rose 19.5 percent to $1.90 in trading before the bell.
April 14- LNG supplier Stabilis Energy said on Monday it would buy most of the U.S. assets of Encana Natural Gas Inc, a unit of Encana Corp..
April 14- A Chinese consortium bought the Las Bambas copper mine in Peru from Glencore Xstrata for $6 billion, the high end of analysts' forecasts in China's biggest acquisition of a mine, showing the strength of its long-term need for copper.
April 14- Lexicon Pharmaceuticals Inc said its experimental drug to treat diabetes met the main goal of reducing the use of insulin at meal times in a mid-stage study on patients with type 1 diabetes. The company's shares rose about 19 percent to $1.89 in trading before the bell.
With Brazil, Russia, India, and China slowing, private equity firms are increasingly investing in other less-developed markets.
*Allegations follow corruption accusations in China, Iraq. LONDON/ WARSAW, April 14- GlaxoSmithKline is facing a criminal investigation in Poland for allegedly bribing doctors to promote its lung drug Seretide, adding to problems for a company already accused of corruption in China and Iraq.
April 14- Television and film studio Relativity Media has offered $500 million in stock for Maker Studios, whose shareholders are scheduled to vote on Tuesday on a bid by the Walt Disney Co, the Wall Street Journal reported, citing a letter.