Citigroup Inc


  • Cell phone tower operator T4U files for Brazil IPO Monday, 18 Aug 2014 | 4:13 PM ET

    SAO PAULO, Aug 18- T4U Holding Brasil SA, the country's No. 5 mobile phone tower operator, plans to sell shares in an initial public offering as soaring demand for high-speed Internet spurs the construction of thousands of towers in Latin America's largest country.

  • *Expects deal to add 18- 21 cents/ share to 2015 earnings. Aug 18- Sensors and electrical controls maker Sensata Technologies Holding NV said it would buy Schrader International to meet growing demand for sensors to monitor car-tire pressure.

  • Early Glance: Banks companies Monday, 18 Aug 2014 | 10:29 AM ET

    Bank of America Corp. rose$. 12 or. 8 percent, to $15.34. JPMorgan Chase rose$. 44 or. 8 percent, to $57.19. US Bank rose$. 44 or 1.1 percent, to $41.71.

  • LONDON, Aug 18- Europe's corporate earnings recovery has increased dividend payouts by the most in five years, data showed on Monday, and low interest rates and a further rise in profits should keep payouts flowing.

  • Aug 18- Sensors and electrical controls maker Sensata Technologies Holding NV said it would buy Schrader group of companies for an enterprise value of $1 billion to benefit from a growing market for tire pressure monitoring sensors.

  • Aug 18- Ingersoll-Rand Plc, a maker of heating and air conditioning systems, said it would buy Cameron International Corp's centrifugal compression unit for $850 million. Ingersoll-Rand said it planned to fund the acquisition through a combination of cash on hand and debt.

  • SHANGHAI, Aug 18- German luxury car Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, the official Xinhua news agency reported, citing regulators.

  • Wall Street banks plan for UK exit from EU Monday, 18 Aug 2014 | 12:05 AM ET

    Wall Street banks are drawing up preliminary plans to move some London-based activities to Ireland to address concerns that the UK is drifting apart.

  • SINGAPORE, Aug 18- Calling the top in financial markets is never easy. "I would not at all subscribe to the idea that markets are expensive and now's the time to get out," said Julie Dickson, a portfolio manager at Ashmore Investment Management in London, a fund with $75 billion in assets worldwide.

  • Fed blow to banks over ‘living wills’ Sunday, 17 Aug 2014 | 1:57 PM ET
    The Federal Reserve building.

    Global banks can no longer assume continuing access to the Fed's discount lending window, people familiar with the process have warned.

  • LONDON, Aug 17- The Bank of England is hoping it can gently wean Britain's economy off record-low borrowing costs, but its plan for "gradual and limited" rises in interest rates might prove harder to pull off than investors expect.

  • Final Glance: Banks companies Friday, 15 Aug 2014 | 6:16 PM ET

    Bank of America Corp. fell$. 10 or. 7 percent, to $15.22. Citigroup Inc. fell$. 41 or. 8 percent, to $48.72. Goldman Sachs fell$. 83 or. 5 percent, to $171.90.

  • Aug 15- A unit of Morgan Stanley must pay $4.5 million to Citigroup Inc's Banamex unit which alleged the firm had allowed funds in a family's trust account to be used to repay third-party loans without its authorization, according to a ruling on Friday. "We are disappointed in the arbitration panel's award," a Morgan Stanley spokeswoman said in a statement.

  • District Judge Thomas Griesa that Argentina cannot pay the bondholders until it also pays holdout investors who refused to restructure their debt in the wake of Argentina's 2001-2002 default.

  • Midday Glance: Banks companies Friday, 15 Aug 2014 | 1:15 PM ET

    Bank of America Corp. fell$. 16 or 1.0 percent, to $15.16. Citigroup Inc. fell$. 64 or 1.3 percent, to $48.49. Goldman Sachs fell$. 73 or. 4 percent, to $172.00.

  • Early Glance: Banks companies Friday, 15 Aug 2014 | 11:21 AM ET

    Bank of America Corp. rose$. 04 or. 2 percent, to $15.36. Citigroup Inc. rose$. 28 or. 6 percent, to $49.41. Goldman Sachs rose $1.64 or. 9 percent, to $174.37.

  • TORONTO, Aug 15- More than eight months after an extreme winter began snarling North American rail traffic, a Reuters analysis of industry data shows delays lingering, raising the risk of a second winter of chaos on the rails.

  • NEW YORK, Aug 15- Large global banks are facing increased pressure from U.S. regulators to clamp down on casino money-laundering as the government pushes the industry to police not only its own transactions but customers' as well.

  • Aug 14- Puerto Rico's electric power authority PREPA struck a deal with bondholders on Thursday to develop a restructuring plan to revive the debt-stricken utility as it got an extension of vital lines of credit it uses to buy oil. :Puerto Rico's highway, water and electricity authorities hold about $20 billion in bonds.

  • Loan payment delayed for Puerto Rico power company Thursday, 14 Aug 2014 | 6:45 PM ET

    SAN JUAN, Puerto Rico— Puerto Rico's financially struggling public power company won a big reprieve Thursday, announcing that creditors agreed to postpone payment of $671 million worth of bank loans until next year.