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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...
Saturday night President Obama charmingly delivered a rather bleak message to the gay community on the eve of its latest march on Washington. In a speech to the world's largest gay political group, the Human Rights Campaign, Obama essentially said two things: I'm with you. But I can't do much...
...tell us for more than a decade now, a healthy, positive mental outlook requires strict abstinence from current events in all forms. Instead, you should patronize sites like HappyNews.com, where the top international stories of the week include "Jobless Man Finds Buried Treasure" and "Adorable 'Teacup Pigs' Are Latest Hit with Brits...
...know of Audrey Niffenegger is her achingly romantic novel The Time Traveler's Wife, then you're in for a surprise with her latest. Her Fearful Symmetry, Niffenegger's follow-up to her time-hopping best seller, is a Victorian ghost story set in the present that's more in tune with her creepy "visual novels" The Adventuress and The Three Incestuous Sisters. Starring a pair of waifish twins who inherit their mysterious (and dead, but maybe not-so-dead) aunt's London flat, the book is set in and around the city's famous Highgate Cemetery. Niffenegger talked...
...Libi condemned this superpower for perpetrating "injustice and oppression" against Muslims and "looting their wealth" - a script similar to others read out from secret hideouts over the course of post-9/11 American-led campaigns in Afghanistan and Iraq. But the country in the crosshairs of al-Qaeda's latest diatribe was not the U.S. or any of its allies in the West. It was China...