Word: unitized
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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...
...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...
...Joined the army in 1990, serving as head of the fuel-supplies unit before taking control of the government...
...Right now, our strengths are that we’re pretty balanced as a team, we’re solid in every unit,” Murphy said. “And right now, effort. We’re doing a great job with effort...
...simply the flashiest play from a defensive unit that only allowed Lehigh across midfield five times during the game...