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.