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...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...
Indian farmers had been praying for rain after the weakest monsoon season in 40 years had left their crops stricken by drought. But when the rains finally came, forceful and incessant at six times their normal levels, they left behind the worst floods southern India had seen in more than a century...
...student, and the skeptical Micah, a day trader, feel the first emotional tremors. The movie keeps us in its grip because we never leave the couple's haunted property and because all we see is what the camera has recorded when held by Micah or Katie, or when left on at night to monitor their bedroom. That claustrophobia creates a bond between the couple and the audience; they can't escape, and neither can we. (See 10 lessons from the summer box office...
...heart of Pakistan's military establishment came under attack on Saturday as Taliban gunmen disguised as soldiers attempted to break into the army's heavily fortified headquarters in the garrison town of Rawalpindi. The initial fierce firefight left six military personnel and four attackers dead, but a tense standoff continued for 18 hours as five other militants took more than 20 soldiers and civilians hostage within the compound. Early Sunday morning, a military spokesman said, Pakistani commandos raided the building and freed 22 of the hostages, though three of them died in the operation; four of their captors were also...
...responsibility for the bombing of the Islamabad office of the World Food Program (WFP), which killed five people. The militant group is also believed to be behind a devastating suicide bombing in a Peshawar marketplace on Friday that killed 49 people. With Saturday's attack, the government has been left with "no other option" but to hit back, Interior Minister Rehman Malik told a local news channel. "We will have to proceed. All roads are leading to South Waziristan." (See pictures of the Taliban in the Buner district of Pakistan...