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Business |
Citigroup aims to shed $400 billion of assets

NEW YORK (Reuters) - Citigroup Inc , the largest U.S. bank, said on Friday it plans to shed $400 billion of assets within three years and boost revenue by up to 10 percent annually in a bid to restore profitability after huge losses tied to flagging mortgage and credit markets.
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Commentary |
Commentary: The Judy's
 Music commentator David Okamoto looks back on the short-lived, but influential career of the rock band, The Judy's.
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Other News links |
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Fannie, Freddie ease mortgage rates
Mortgage rates in some markets came down today, with banks offering certain jumbo loans at a little above 6% -- a lot cheaper than last week. Banks are loosening up on lending again because Fannie Mae and Freddie Mac have a new strategy. Jill Barshay reports.

Laptop prices expected to rise too
While it seems the price of everything is rising, electronics -- computers in particular -- are getting more powerful and cheaper at the same time. But Lisa Napoli reports that's about to end.

India halts trading to slow food prices
India's government has decided it's had enough with rising food prices. It has suspended futures trading for some key commodites there, including soybean oil, chickpeas and potatoes. Sam Eaton reports.

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