NEW YORK (Reuters) - Citigroup Inc said on Friday it plans to shed $400 billion (205 billion pounds) of assets within three years and boost revenue by up to 10 percent annually, in a bid to restore profitability after huge losses tied to flagging mortgage and credit markets. More »
BRUSSELS (Reuters) - Microsoft said on Friday it was appealing against a record 899 million euro (713 million pounds) fine imposed by the European Commission for using high prices to discourage software competition. More »
DETROIT (Reuters) - Billionaire investor Kirk Kerkorian on Friday launched a planned tender offer to add to a stake in Ford he called an "attractive investment," and not one he acquired to influence the automaker. More »
LONDON (Reuters) - Insurer Swiss Life is considering a bid for Lombard, the high-end insurance unit of Friends Provident , and is already conducting due diligence, sources familiar with the matter said on Friday. More »
NEW YORK (Reuters) - American International Group sees weak market conditions in the U.S. residential market affecting its operating results at two mortgage units into 2009, its chief executive said on Friday. More »
NEW YORK (Reuters) - American International Group on Friday told investors that the structured credit market for residential mortgage securities, including subprime, does not appear to have rebounded. More »
LONDON (Reuters) - Spanish utility Iberdrola has not made an offer for nuclear operator British Energy by a deadline on Friday but has not ruled out a future offer, an industry source said. More »
BRUSSELS (Reuters) - The European Commission is confident a record 899 million euro (713 million pounds) fine it imposed on Microsoft is legally sound, a spokesman for the EU executive said on Friday. More »
LONDON (Reuters) - French utility EDF has submitted a takeover proposal for UK nuclear generator British Energy , sources familiar with the matter said on Friday. More »
LONDON (Reuters) - Property investor Robert Tchenguiz said on Friday he had an economic interest through contracts for differences (CFDs) in 5.5 million shares in Whitbread. More »
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