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...just the latest sale for Citi, which has been paring back its businesses for well over a year. Earlier this year, the bank sold its Salomon Smith Barney brokerage unit to Morgan Stanley. Also gone are Citi's Diners Club credit-card business, its Japanese brokerage operations, a technology-services unit and some of its overseas divisions...
...that didn't make its intentions clear enough, earlier this year Citigroup publicly identified a number of businesses that it would like to get rid of. Among those that are still left are its insurance division Primerica and a home-loan business, CitiMortgage. At the time, Citi said it would like to hold on to much of its retail and corporate bank. A Citi spokesperson says that continues to be the bank's plan. In July, CEO Vikram Pandit told financial-news outlet Bloomberg that the bank is "moving extremely fast" on asset sales. He said the bank had already...
...invented the netbook category with its ASUS Eee-PC, and it is working on a product called the Eee-reader that it hopes to have on the market in time for Christmas. South Korea's two powerhouse consumer-electronics companies, Samsung and LG Electronics, are wading in too. Samsung earlier this year introduced a reader called the Papyrus in South Korea; reports circulating in the technology blogosphere say LG is developing a prototype with a large, 11.5-in.(diagonal) flexible screen. Meanwhile, Japan's Fujitsu has released the world's first dedicated e-reader with a color screen, although...
...Earlier this year, Time magazine named Christakis one of the 100 most influential people in the world. Connected’s co-author, James Fowler ’92, an associate professor of political science at the University of California, San Diego, provided the first evidence of the positive “Colbert bump” in polls for politicians appearing on the Colbert Report...
Obama patted himself on the back for his party's passage earlier in the week of a a hate-crimes bill that, for the first time, includes gay and transgender people. And he used the opportunity to tell gay critics who have expected so much of him to express what he expects of them. The hate-crimes bill, he said, had become law only because those who believed in it had thoroughly educated the public about why it was important. "Countless activists and organizers never gave up," he said. "You held vigils. You spoke out year after year, Congress after...