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Citi predicts $2.7bn legal costs

2014-12-09 17:17:30| BBC News | Business | UK Edition

Michael Corbat, the chief executive of US bank Citigroup, says the firm will set aside $2.7bn (1.7bn) in the fourth-quarter due to rising legal costs.

Tags: legal costs predicts citi

Citi analysts: CSX a "must-own" as earnings growth accelerates

2014-12-05 20:36:09| Railroads - Topix.net

Saying the Jacksonville-based railroad company "is in the early stages" of earnings per share growth acceleration, the analysts raised its target price for the company from $34 a share to $41. Another reason for the boost is that the company has nowhere to go but up, the note said.

Tags: growth earnings analysts citi

Economic Development Group Calls for Citi Bike, Wetlands in South Bronx

2014-11-28 02:44:41| Industrial Machines - Topix.net

A barren stretch of The Bronx's Harlem River waterfront needs a walkway, Citi Bike and a bowling alley to thrive, according to a local economic development group. SoBRO , a nonprofit group dedicated to improving quality of life in the South Bronx, recently released a study that envisions bringing about 4,000 new units of housing and 3.3 million square feet of commercial and community development to a portion of the borough's waterfront stretching from the Third Avenue Bridge to East 149th Street.

Tags: group development south economic