By MATTHEW SALTMARSH AND ERIC DASH
Citigroup capped a devastating 2008 by announcing Friday that it would split into two entities and that it had posted an $8.29 billion loss for the fourth quarter.
By DAVID M. HERSZENHORN
The 52-42 Senate vote gave Barack Obama a $350 billion war chest, just as Democrats in the House unveiled an $825 billion fiscal recovery plan.
Bloomberg News
The government seized control of the lender in the wake of a scandal that forced the resignations of its chief executive officer and chairman.
By JACK HEALY
Consumer prices advanced at their slowest pace in 50 years in 2008 as the weakening economy suppressed demand for cars, clothing, electronics and a host of goods and services.
MARKETS
AP
A relieved Wall Street advanced Friday as investors focused on big banks' plans to fix their balance sheets and took in stride billion-dollar losses reported by Bank of America and Citigroup.
By CARTER DOUGHERTY
Jean-Claude Trichet expressed alarm at the speed at which the euro zone economy was slowing.
By MICHAEL J. DE LA MERCED AND ERIC DASH
The bank posted more than $2.8 billion in losses on a range of business, from trading and corporate lending to credit card and mortgage lending as it confronted the worst housing and job markets in decades.
Reuters
The announcements come as a spreading global recession dampens demand in mature markets and puts the brakes on sales in emerging markets.
By LESLIE WAYNE
The New York attorney general has issued subpoenas to determine whether J. Ezra Merkin defrauded universities and charities when he invested their money with Bernard Madoff.
By DIANA B. HENRIQUES
State regulators in Massachusetts have accused top executives of the fund of lying to shareholders about the safety of their investments - and then giving big shareholders first crack at avoiding losses.
By DAVID D. KIRKPATRICK
For the top fund-raisers for President-elect Barack Obama's inaugural committee, next week's itinerary is packed with a string of lavish private events.
SPOTLIGHT
By SONIA KOLESNIKOV-JESSOP
Jim Gianopulos has built his career in Hollywood by embracing opportunities - and by not being afraid to be exhilarated or embarrassed.
By STEPHEN CASTLE
After days of fruitless diplomacy, the European Commission threatened to review its entire relationship with Russia and Ukraine unless there is a breakthrough this weekend that leads to the restoration of gas supplies to Europe.
TALKING BUSINESS
By JOE NOCERA
Steve Jobs's decision to reveal more about his health may not belong entirely to him, not when so much of Apple's business relies on his personality as chief executive.
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Legitimate digital music sales grew strongly in 2008 but were still dwarfed by the scale of illegal downloads ...
South Korea's electronics giant Samsung is splitting into two groups to try and reinvigorate the company in th...
A twin-engine jet crashed into the Hudson River apparently hitting a flock of birds.
Toyota, the world's top carmaker, will cut North American production at several plants to try to slash invento...
Global chip sales fell precipitously in the fourth quarter, Intel Chief Financial Officer Stacy Smith told Reu...
Obama's pick to head the SEC, Mary Schapiro, was in the hot seat at her Senate confirmation hearing.
House Democrats are working on a bill that provides $825 billion in tax cuts and spending to revitalize the sa...
JP Morgan Chase announced a steep drop in quarterly profits in a sign banks are still suffering from loan-rela...
EU monitors confirm no gas is running from Russia to Europe via Ukraine as European Union pushes for a resolut...
News that Apple boss Steve Jobs is taking a six-month leave of absence due to health concerns has hit the comp...
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