Word: solding
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...latest indication that Citi is for sale came on Oct. 9. The bank sold its Phibro commodities-trading unit to energy and chemical giant Occidental Petroleum. Oxy Pete will pay $250 million for the unit, which specializes in oil and gas trading. Phibro is not a huge business for Citigroup. But it was one of the few businesses that continued to make money for the giant bank during the credit crisis. Phibro and Citi's global payment-processing business have long been seen as two areas in which the bank outperforms its competitors. Now one of Citi's profit jewels...
Amazon, the online retailing giant, did more than any other company to turn the sale of digital books into a real business with the 2007 launch of the Kindle electronic reader. The company has sold an estimated 1.7 million units of the handheld device in the U.S., and it's getting ready to ship millions more. On Oct. 6, Amazon announced that it would soon begin selling Kindles - complete with a key feature that allows users to wirelessly download e-books from Amazon - in more than 100 countries...
...mass market for e-books. Total industry revenue from digital-book downloads has risen 149% this year, according to the Association of American Publishers, while e-reader sales are expected to reach 3 million by Dec. 31, according to Forrester Research. Almost a million of the devices could be sold during the upcoming holiday season alone. In 2010, sales are projected to double, to 6 million...
...with stars, Steven Spielberg took a copy of PA home to watch it; when he finished his screening, he found his bathroom door inexplicably locked. (He thought the DVD was haunted.) Two weeks ago, Paramount started playing Peli's film at midnight in 16 college towns. Many showings were sold out. Sorry, come back next week, if you dare. No tickets created a hot ticket - the movie grossed $1.2 million in its early, limited engagements - and Paramount stoked the fever by urging fans to go online and "demand" a wider release. More than a million such requests came in, allowing...
...could have anything you wanted, anything at all, simply by using your mental powers to "attract" it. The poor listened to upbeat preachers like Joel Osteen and took out subprime mortgages. The rich paid for seminars led by motivational speakers like Tony Robbins and repackaged those mortgages into securities sold around the world. (Read "Yes, I Suck: Self-Help Through Negative Thinking...