Citigroup’s leaders say company needs to simplify itself

Citigroup’s leaders say company needs to simplify itself
The two men at the top of Citigroup Inc , the third-biggest U.S. bank and the most international, acknowledged on Tuesday that the company must do more to simplify itself.Asked at an annual meeting of shareholders whether Citigroup is ...

Yum Brands’ first-quarter restaurant sales in China up 9 percent

Yum Brands’ first-quarter restaurant sales in China up 9 percent
KFC parent Yum Brands Inc on Tuesday said first-quarter sales at established restaurants in China, its top market, rose 9 percent, roughly in line with expectations, as it recovers from an avian flu outbreak and a food safety ...

Goldman buys Westpeak in drive for ‘smart beta’ assets

Goldman buys Westpeak in drive for ‘smart beta’ assets
Goldman Sachs Group Inc's asset-management business has agreed to buy Westpeak Global Advisors, a firm that aims to beat market indexes by using factors other than company size to pick stock investments.The deal, disclosed on Tuesday, comes as ...

Exclusive: CIBC, buyout firms circle Russell Investments – sources

Exclusive: CIBC, buyout firms circle Russell Investments – sources
Canadian Imperial Bank of Commerce (CIBC), the fifth largest bank in Canada, and two private equity consortia are exploring offers for global asset manager Russell Investments, according to several people familiar with the matter.Private equity firms CVC Capital ...

AT&T revenue increases on promotional offering

AT&T revenue increases on promotional offering
AT&T Inc reported higher quarterly revenue on Tuesday, slightly above Wall Street's expectations, boosted by a promotional offering to bill customers for devices separately from their wireless plans.The No. 2 U.S. mobile provider earned $3.65 billion, or 70 ...

Starbucks to open La Boulange location in Los Angeles

Starbucks to open La Boulange location in Los Angeles
Starbucks Corp is planning to open a La Boulange location in Los Angeles, marking the first opening outside of San Francisco, the coffee chain said on Thursday.Starbucks has filed building permits for the La Boulange location and was ...