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Citi profits jump as legal costs fall
2016-01-15 15:41:04| BBC News | Business | UK Edition
US bank Citigroup reports a jump in fourth quarter profits, helped by a big fall in legal costs.
South African Airways gets government help after Citi ends credit facility
2016-01-12 13:21:05| Airlines - Topix.net
South Africa's National Treasury is working with South African Airways to ensure the company has enough liquidity to continue operating after Citigroup Inc. cancelled a short-term credit facility. SAA will issue a statement on Tuesday that explains the impact of the cancellation, said Tlali Tlali, a spokesman for the Johannesburg-based carrier.
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DuPont, Air Products downgraded at Citi; Celanese, Eastman upped to Buy
2016-01-05 18:46:55| Chemicals - Topix.net
DuPont is downgraded to Neutral from Buy at Citigroup following its ~30% rally into year-end since bottoming out in September as new CEO Ed Breen took over and expectations were high, but the firm says ag is weak and DuPont has several company-specific challenges . Citi also downgrades Air Products & Chemicals to Neutral from Buy, believing APD's initial restructuring and cost cuts and the materials technologies spinoff are all factored in.
Citi Sees 'Defendable Lead' In O'Reilly, Upgrades To Buy
2015-12-17 15:58:15| Auto Parts - Topix.net
Shares of O'Reilly Automotive Inc have appreciated 33.76 percent year-to-date, reaching a high of $275.95 on October 29. Citi's Kate McShane has upgraded the rating on the company from Neutral to Buy, while raising the price target from $275 to $295. McShane expects the stock's strong run to continue, with persisting macro drivers and the company having built a robust supply chain network to meet DIFM and DIY demand.
Dow CEO rewards former Citi banker Klein with $130 bln deal prize
2015-12-12 05:04:39| Chemicals - Topix.net
Dow Chemical CEO Andrew Liveris participates in a business leaders panel discussion as part of the U.S.-Africa Business Forum in Washington, in this August 5, 2014 file photo. Michael Klein, the former Citigroup Inc investment banking chief, landed a leading role advising Dow Chemical Co on its $130 billion merger with DuPont as a result of the relationship he carefully developed with Dow CEO Andrew Liveris.
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