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Citigroup Inc

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  • *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...

  • JPMorgan expected to cut more than 5K jobs: Report Thursday, 28 May 2015 | 3:47 PM ET
    A pedestrian walks past the JPMorgan Chase headquarters building in New York.

    The JPMorgan Chase layoffs come as the bank has moved to put more of an emphasis on technology and rely less on human tellers.

  • 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...

  • *Second day of Libor trial in London. LONDON, May 27- Tom Hayes, a former trader accused of conspiring to rig benchmark interest rates, abandoned an attempt to enlist his step brother into the alleged scam after deciding it was wrong to ask for his help, a London court heard on Wednesday. On the second day of the world's first jury trial of an individual charged with...

  • LONDON, May 27- Tom Hayes, a former trader accused of conspiring to rig benchmark interest rates, abandoned an attempt to coax his step brother into aiding his alleged scam after deciding it was wrong to ask for his help, a London court heard on Wednesday. On the second day of the world's first jury trial of an individual charged with benchmark rate-rigging offences,...

  • Goldman tops 2015 City of London bank bonus charts Wednesday, 27 May 2015 | 6:42 AM ET

    LONDON, May 27- Bankers at Goldman Sachs received the highest bonuses in London's banking industry this year but bonuses paid out by the top 10 banks were down overall compared to last year, a survey published on Wednesday showed. Goldman Sachs bankers received an average bonus of 194,000 pounds, some 14 percent more than their peers at second-placed Morgan...

  • LONDON, May 27- European banks Deutsche Bank, Barclays and UBS have seen their market share in foreign exchange trading slump in the past year, as U.S. banks led by Citigroup grabbed business, according to widely watched industry rankings. Citigroup kept its top spot as the leading foreign exchange trading bank with a market share of 16.1 percent, up from 16 percent...

  • COPENHAGEN, May 26- Bavarian Nordic is hot property after striking two big vaccine deals but the small Danish company is not for sale, despite a wave of consolidation in the healthcare industry, its chief told Reuters. Boosting the immune system is now a top priority for cancer drug companies such as Bristol-Myers, Merck, Roche and AstraZeneca, fuelling renewed...

  • *Former trader Hayes goes on trial in London. LONDON, May 26- Tom Hayes, a former trader on trial for allegedly conspiring to rig benchmark interest rates, has admitted to being motivated by greed and was fired by U.S. bank Citigroup in 2010, the prosecution told a London court on Tuesday. Hayes is the first person to be prosecuted over manipulation of the London...

  • DUBAI, May 26- Egypt has chosen banks to handle its return to the international bond market after a gap of five years, underlining a return of economic and political stability in the country after its Arab Spring uprising of 2011.. BNP Paribas, Citigroup, JP Morgan, Morgan Stanley and Natixis will arrange the investor meeetings for Egypt, which is rated B3/B-/B by...

  • WARSAW, May 26- The dollar rose 1 percent against a basket of currencies on Tuesday, extending gains since a round of improved inflation data last Friday and driving the euro below $1.09 for the first time in a month. In the first proper trade in London since a long holiday weekend, some pointed to growing nerves over Greece, as well as a fall back in German government...

  • COLUMN-LME zinc bulls get fooled again: Andy Home Tuesday, 26 May 2015 | 1:32 AM ET

    SINGAPORE, May 26- Appearances can be deceptive and never more so than when it comes to trading on the London Metal Exchange. Three-month metal was on a surge last month, powering up from a March low of $1,981.00 per tonne to an early May high of $2,404.50. Last week's delivery of 36,375 tonnes of zinc onto warrant at Johor in Malaysia blew away the tightness and sent...