Citigroup to cut more than 11,000 jobs
AP Business Writer
NEW YORK (AP) - Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat. The cuts amount to about 4 percent of Citi's workforce of 262,000.
The bank did not spell out how many of the jobs will be in the United States. Most of them, about 6,200,
...7 cities split $25M in education funds from Gates
PHILADELPHIA (AP) - Seven cities will split $25 million in education funding from the Bill & Melinda Gates Foundation.
Philadelphia; Boston; Denver; New Orleans; New York; Hartford, Conn.; and Spring Branch, Texas, are recipients of the grants announced Wednesday.
The cities are among 16 that signed a collaboration compact designed to reduce
...Officials: Serbia's NATO ambassador leaps to death
Associated Press
BRUSSELS (AP) - Serbia's ambassador to NATO was chatting and joking with colleagues in a multistory parking garage at Brussels Airport when he suddenly strolled to a barrier, climbed over and flung himself to the ground below, a diplomat said.
By the time his shocked
...Analysis: Obama could risk going over 'cliff'
By JULIE PACE
Associated Press
WASHINGTON (AP) - It may be just a bluff or a bargaining ploy, but the White House is signaling that President Barack Obama is willing to let the country go over the "fiscal cliff," a hard-line negotiating strategy aimed at winning concessions from Republicans on taxes.
If Washington really does fail to avert the
...Drenched Northern California gets more rain
By By TERRY COLLINS
Associated Press
SAN FRANCISCO (AP) - A new storm system made its way Tuesday through already drenched Northern California, prompting renewed flood concerns in parts of the region.
Rain had been falling along the coast and inland areas, but the heaviest rain was expected early Wednesday. Coastal mountains could see as much as six
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