Citigroup settles suit

Citigroup settles suit

Citigroup says it will pay $US730 million ($703.5 million) to settle a class-action suit by bondholders related to the 2008 financial crisis. The suit alleged Citigroup misled buyers of its bonds over its exposure to subprime mortgages and other high-risk securities ahead.

AstraZeneca cuts 1600 jobs

British pharmaceutical company AstraZeneca says it will axe 1600 jobs worldwide in a major restructuring of the group over the next three years.

Lego targets Asian market

The Danish toymaker Lego says it will build a Chinese factory that employs 2000 people to serve the rapidly growing Asian market.

Join the Conversation...

There are comments posted so far.

If you'd like to join this conversation, please login or sign up here

Related Articles