Financial services
Citigroup, MasterCard Worldwide, Cingular Wireless, and Nokia have announced a consumer technology trial of Near Field Communication (NFC)-enabled mobile phones with MasterCard PayPass contactless payment capability in New York City. The trial aims to evaluate the speed and convenience of "tap and go" payments made through mobile
Financial services
Citi and The Home Depot, the world's largest home improvement retailer, have expanded their strategic relationship by integrating The Home Depot Rewards MasterCard into Citigroup's ThankYou Network rewards program. This enhancement provides cardmembers with more points-earning and rewards options, as well as faster and easier redemption.
Financial services
The YWCA Metro St. Louis will host its 26th Leader Lunch on Thursday, recognizing the contributions of women in the workplace and community. KMOV-TV anchor Vickie Newton will serve as master of ceremonies, and the YWCA Leaders of Distinction for 2006 will be honored. These women include Melanie DiLeo, Adrian
Financial services
The debt market has produced a highly attractive deal for Ford Motor Co., securing a total of $15 billion in debt through a bulletproof collateral package. The package, led by JPMorgan, has been met with a positive response from investors, who are willing to overlook recent bankruptcy announcements in the
Financial services
Eurotunnel SA, operator of the rail link between France and Britain, has received binding offers from Citigroup Inc. and a group consisting of Goldman Sachs Group Inc. and Deutsche Bank AG to finance its proposed restructuring. This development comes as the company seeks to exit bankruptcy protection, with creditors voting
Financial services
Eurotunnel, the operator of the rail link between France and Britain, is seeking to emerge from bankruptcy protection after receiving financing offers from leading investment banks. The company's proposed financial restructuring plan aims to reduce its nearly $12 billion debt by more than half, with some debt-holders to
Financial services
A federal court has stepped in to mediate a potential settlement between Parmalat, the Italian dairy company at the center of a massive accounting scandal, and several major banks and auditors accused of contributing to the company's downfall. Judge Lewis A. Kaplan has halted all pretrial proceedings until
Financial services
Investcorp, the investment group behind the luxury retailers Gucci, Tiffany, and Saks Fifth Avenue, will begin an international investor roadshow to sell approximately £211m (or $400m) of shares in its London Stock Exchange listing. This move comes after the group, with over $10bn in funds under management, revealed its intention
Financial services
U.S. stocks advanced on Monday, driven by technology companies like Intel and Dell, as a decline in oil prices fueled optimism about consumer spending and corporate profits. The Standard & Poor's 500-stock index reached a new high, while the Dow Jones industrial average and Nasdaq also made
Financial services
Citigroup Inc. has solidified its position as a leading contender to acquire Guangdong Development Bank, with International Business Machines Corp. (IBM) joining the New York financial services company in its bid. The consortium, led by Citigroup, has submitted a $3-billion bid for 85% of the bank, which is owned by
Financial services
Expedia.com, the world's leading online travel company, and Citigroup, the world's leading financial services company, have announced a strategic relationship to significantly expand the ThankYou Network, a free rewards program that lets members earn points from a growing network of places and pool these points
Financial services
The Privatisation Commission (PC) held a meeting on Thursday, chaired by Zahid Hamid, Federal Minister for Privatisation & Investment, to review the progress on the divestment of a significant stake in Oil & Gas Development Company Limited (OGDCL) and the upcoming sales of several state-owned enterprises. The meeting focused on
