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SANFORD WEILL TAPPED Charles Prince to succeed him as Citigroup's chief executive Jan. 1. By selecting one of his oldest confidants and by announcing he would stay on as chairman until 2006, Weill signaled he will likely continue to play a major role at the firm.
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IBM posted net of $1.7 billion, up sharply from a year-earlier period battered by charges. Revenue rose 10%, the result of acquisitions and currency gains.
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Freddie Mac's accounting woes were more extensive than many people realized, a federal regulator is expected to testify today.
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A House committee launched a probe of hospital billing practices that often require uninsured patients to pay higher rates.
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J.P. Morgan beat Wall Street...
SANFORD WEILL TAPPED Charles Prince to succeed him as Citigroup's chief executive Jan. 1. By selecting one of his oldest confidants and by announcing he would stay on as chairman until 2006, Weill signaled he will likely continue to play a major role at the firm.
---
IBM posted net of $1.7 billion, up sharply from a year-earlier period battered by charges. Revenue rose 10%, the result of acquisitions and currency gains.
---
Freddie Mac's accounting woes were more extensive than many people realized, a federal regulator is expected to testify today.
---
A House committee launched a probe of hospital billing practices that often require uninsured patients to pay higher rates.
---
J.P. Morgan beat Wall Street...
Posted by: Alexander Bartfield
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