Citigroup Inc named investment banking head Vikram Pandit as chief executive and acting CEO Win Bischoff as chairman on Tuesday, disappointing investors who wanted a big-name outsider to overhaul the bank.
A US economic downturn could give a boost to India's flagship outsourcing industry even though it is being hit by a rupee trading at near decade highs, says the head of leading Indian computer services provider Wipro.
A son of legendary oil investor T. Boone Pickens was sentenced to five years of probation on Monday and ordered to take part in a substance abuse program for orchestrating a fraud scheme that involved distributing fictitious stock tips to investors.
The drooping value of the US dollar means Canadian Christmas tree growers are seeing less green this season.
Lloyds TSB Group Plc, the United Kingdom's biggest provider of personal loans, said profit in 2007 will meet analysts' estimates after a writedown on investments.
TPG Inc, the buyout group run by David Bonderman and James Coulter, will spend $282 million for a stake in NIS Group Co, a money-losing Japanese lender to consumers and small businesses.
Saving the environment wasn't as much on his mind as cutting costs when Indian entrepreneur Tulsi Tanti first turned to wind energy 13 years ago.
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Raymond Zhou
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