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Citi Cut CEO Pay by 10% to $13.1M in 2014

Fri, 02/20/2015 - 11:20am
Citigroup Inc cut Chief Executive Michael Corbat's pay by about 10 percent in 2014, a year in which the bank's profit nearly halved due to higher legal costs and a slump in bond trading.
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Beverages companies shares down at 10 a.m.

Fri, 02/20/2015 - 11:17am
Shares of some top beverages companies are down at 10 a.m.: Anheuser-Busch Inbev ADR fell $1.18 or 1.0 percent, to $121.56.
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Aerospace companies shares mixed at 10 a.m.

Fri, 02/20/2015 - 11:17am
Shares of some top aerospace companies are mixed at 10 a.m.: Boeing rose $2.20 or 1.4 percent, to $155.95.
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Report: Ann Taylor Parent Said to be in Talks with JPM on Possible Sale

Fri, 02/20/2015 - 11:05am
Ann Inc. (ANN) is working with JP Morgan Chase & Co. on a potential sale has contacted possible suitors including rival retailers in recent weeks, Bloomberg reported Friday, citing people with knowledge of the matter.
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U.S. Markit Flash PMI Rises To 54.3 In February

Fri, 02/20/2015 - 10:51am
The flash reading of the Markit manufacturing purchasing managers index edged higher in February to 54.3 from 53.9 in January, to mark the highest reading since November.
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800,000 HealthCare.gov customers given wrong tax info; government asks them to delay filing

Fri, 02/20/2015 - 10:44am
About 800,000 HealthCare.gov customers got the wrong tax information from the government, the Obama administration said Friday, and officials are asking those affected to delay filing their 2014 returns.
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Want a meal on 2 wheels? Utah bill could put brakes on bikes in Salt Lake City drive-thrus

Fri, 02/20/2015 - 10:44am
Cyclists who want to grab a quick taco or hamburger while cruising through Salt Lake City may soon find that Utah has restricted their two-wheeled meals.
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Menendez, Booker ask New Jersey to investigate possible insurance fraud after Superstorm Sandy

Fri, 02/20/2015 - 10:44am
New Jersey's U.S. senators want the state attorney general's office to investigate possible fraud by insurance companies following Superstorm Sandy.
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Doctors who want to use fitness data face liability, compensation and privacy challenges

Fri, 02/20/2015 - 10:39am
More hospitals and doctors are starting to use data from fitness trackers and health apps to help treat patients.
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U.S. Stocks Open Lower As Greece Talks Continue

Fri, 02/20/2015 - 10:32am
U.S. stocks opened weaker on Friday as investors remained cautious ahead of U.S. PMI data and the outcome of a key meeting between Greece and Eurogroup ministers.
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Target sees initiative on organic, natural products to hit $1B in sales this year

Fri, 02/20/2015 - 9:49am
Target Corp. is betting big on organic and sustainable products.
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World Health Organization OKs US-made quick test for Ebola that gives results in 15 minutes

Fri, 02/20/2015 - 9:48am
The World Health Organization has approved a quick test for Ebola that will dramatically cut the time it takes to determine with reasonable accuracy whether someone is infected with the deadly virus.
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US stock market edges lower in early trading

Fri, 02/20/2015 - 9:48am
The U.S. stock market is opening with small losses as financial and industrial companies fall the most.
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IMF, Germany, Greece, Eurogroup Head Talk Ahead of Meeting

Fri, 02/20/2015 - 9:39am
The German and Greek finance ministers were holding talks with the heads of the IMF and the Eurogroup, officials said, trying to facilitate a deal on a Greek bailout request before all euro zone finance ministers meet later on Friday.
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French, German leaders hold out sanctions threat for parties failing to honor Ukraine accord

Fri, 02/20/2015 - 9:31am
France and Germany have warned that sanctions could be leveled if the Minsk accords to stabilize Ukraine are not respected.
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Citigroup Consumer Banking Chief to Retire in June

Fri, 02/20/2015 - 9:31am
According to an internal member to employees, Citigroup's head of consumer banking will retire on June 1, and will assume the role of non-executive chairman of Banco Nacional de Mexico following his retirement.
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Pimco’s Chief Economist Steps Down

Fri, 02/20/2015 - 9:20am
The managing director and chief economist who took on the role at Pimco in May 2014 to work alongside legendary bond investor and friend Bill Gross, will step away from his position at the end of the month.
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Noodles & Co. drops in premarket as 4Q results miss Street, revised 2015 guidance disappoints

Fri, 02/20/2015 - 9:18am
Shares of Noodles & Co. tumbled in premarket trading Friday as the restaurant operator said that its 2015 adjusted profit will now likely come in at the low end of its previous range.
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Pimco's Chief Economist Steps Down After Less Than a Year With The Fund Manager

Fri, 02/20/2015 - 9:13am
Pimco said its chief economist, Paul McCulley, has stepped down after less than a year with the world largest bond fund.
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U.S. Stock Futures Lower as Focus Stays on Greece

Fri, 02/20/2015 - 8:54am
U.S. equity markets were lower in early trade on Friday as investors proceeded with caution ahead of what looks to be a last-chance meeting for Greece.
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