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Citigroup Inc

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  • *OPEC not expected to announce output cut this week. SINGAPORE, June 2- Crude oil prices rose on Tuesday due to firm demand after dipping in earlier trade on expectations that OPEC would not cut output at its meeting this week. "OPEC meets on Friday and is in no mood to cut output, Energy Aspects said on Tuesday.

  • *OPEC not expected to announce output cut this week. SINGAPORE, June 2- Crude oil prices edged up on Tuesday due to firm demand after dipping in earlier trade on expectations that OPEC would not cut output at its meeting this week. "OPEC meets on Friday and is in no mood to cut output, Energy Aspects said on Tuesday.

  • NEW YORK, June 2- Last July, when Federal Reserve Chair Janet Yellen spurred a sell-off in healthcare stocks by saying that valuations in shares of biotech companies looked "stretched," portfolio manager Graham Tanaka saw an opportunity. After a year-long buying spree, he now has more than a quarter of his $17 million Tanaka Growth fund portfolio in healthcare...

  • *OPEC not expected to announce output cut this week. SINGAPORE, June 2- Crude oil prices stabilized on Tuesday due to firm demand after dipping in early trade on expectations that OPEC would not cut output at its meeting this week. The Organization of the Petroleum Exporting Countries meets this Friday in Vienna to discuss its production strategy, with U.S. bank...

  • *OPEC not expected to announce output cut this week. SINGAPORE, June 2- Crude oil dipped on Tuesday on expectations that OPEC would not cut output at its meeting this week, but firm refinery demand curbed price losses. "Investors remained cautious heading into the OPEC... meeting this Friday, with Brent coming under the most selling pressure," ANZ bank said on Tuesday.

  • LONDON, June 1- Tom Hayes, an ex-trader on trial in London for allegedly conspiring to rig benchmark interest rates, at first agreed to plead guilty but later changed his mind, a prosecutor told the court on Monday. The former yen derivatives trader at UBS and Citigroup has pleaded not guilty to eight counts of conspiracy to defraud between 2006 and 2010, a criminal...

  • LONDON, June 1- European equities steadied at the close on Monday, with stronger real estate and healthcare offsetting weaker energy stocks, which tracked a sharp drop in crude oil prices. The STOXX Europe 600 real estate index gained 1.3 percent, with traders attributing the rise to a positive note by JP Morgan, raising its target price for stocks of companies...

  • *Intel falls on Altera buy, weighs on Nasdaq, Dow and S&P. June 1- U.S. stocks were flat in choppy trading late on Monday morning, giving up their gains from a strong opening, as investors digested a slew of data that sent a mixed picture on the pace of the economy's recovery. Boston Fed President Eric Rosengren said he would like to begin raising rates as soon as possible,...

  • LONDON, June 1- European equities rose in late trading on Monday, with Roche leading drug stocks higher following an encouraging company update and real estate shares getting some support from a positive sector note from JP Morgan. The STOXX Europe 600 real estate index rose 1 percent, with traders attributing the rise to a positive note by JP Morgan, raising it...

  • *Intel falls on Altera buy, weighs on S&P, Nasdaq. June 1- U.S. stock were choppy in early trading, giving up their gains from a strong opening, as investors digested a slew of data that sent a mixed picture on the pace of the economy's recovery. Boston Fed President Eric Rosengren said Monday that he would like to begin raising rates as soon as possible, but risks from the...

  • *Intel to buy Altera for $16.7 bln. June 1- Wall Street was set to open higher on the first day of the month, helped by an almost five percent rally in Chinese stock markets and ahead of a string of domestic economic data. "It's the first day of the month and news out of China is bullish," said Andrew Barber, chief market strategist at Eagleview Capital in Delaware.

  • June 1- U.S. stock index futures were higher on Monday, after closing down the previous week, as investors focused on the bright spots in China's factory activity data and ahead of a string of domestic economic data. *Intel shares were up 0.6 percent at $34.68 in premarket trading on reports that the company was nearing a deal to buy programmable-chip maker Altera.

  • *Roche, AstraZeneca gain on positive updates. LONDON, June 1- European shares held steady at the start of the month on Monday, with a rally in some drug stocks on the back of positive company updates offset by lingering concerns over Greece's debt situation and weaker commodity stocks. Drugmakers Roche and AstraZeneca, up 2.2 percent and 1 percent respectively,...

  • NEW YORK, June 1- The Obama administration has found an unlikely ally in its efforts to keep pushing more biofuel into the nation's gasoline supply: OPEC. "The market incentives are there for ethanol, without this proposal, said Scott Irwin, a professor of agricultural economics at the University of Illinois. The current pace of demand would put ethanol use at some...

  • *Broadcom, Avago shares slip after big rise on Wednesday. May 28- Avago Technologies Ltd agreed on Thursday to buy Broadcom Corp for $37 billion in the largest merger of chipmakers ever, turning a lesser known company run by a ferocious dealmaker into one of the biggest industry players. Avago, which serves the wireless and industrial markets, is offering Broadcom...

  • NEW YORK, May 28- A reported jump in weekly U.S. crude production data that set oil traders atwitter on Thursday was chiefly caused by revisions to two-month-old figures, not a surge in immediate output, a U.S. official said. On Thursday, the Energy Information Administration's Weekly Petroleum Status Report showed field production of crude oil rose by 304,000...

  • The project includes developer Skanska USA Inc., architecture and engineering company HOK and financial firms Morgan Stanley and Citigroup Inc. The work is expected to be completed by 2021 at a cost of $3.6 billion, according to the Port Authority's capital plan. "For too long, LaGuardia has been the stepchild of our region's airports compared to JFK and Newark...

  • The banks and brands sweating on FIFA probe Thursday, 28 May 2015 | 1:41 PM ET
    Pablo Barrientos of San Lorenzo tackles Mario Bilen of Auckland City during the FIFA Club World Cup Semi Final match between CA San Lorenzo and Auckland City FC at Marrakech Stadium on December 17, 2014 in Marrakech, Morocco.

    The finer details of Wednesday's indictment against FIFA officials appears to implicate one U.S. household name in particular.

  • *Broadcom, Avago shares slip after big rise on Wednesday. May 28- Avago Technologies Ltd agreed to buy Broadcom Corp for $37 billion in the biggest chip industry deal ever, creating a company that will be able to supply chips used in everything from iPhones to servers used in data centers. Avago, a maker of chips for the wireless and industrial markets, is offering...

  • Citigroup CEO defends credit card deal with Costco Thursday, 28 May 2015 | 11:15 AM ET

    NEW YORK, May 28- Citigroup Inc CEO Mike Corbat said the deal the bank made with Costco Wholesale Corp to replace American Express Co as the issuer of credit cards for the retailer will be profitable for his shareholders. Responding to speculation in the card industry that Citigroup gave too much to Costco in negotiations earlier, Corbat said the deal is "without a...