Bailed out by uncle sam during the 2008 financial crisis. Its battled questions about dubious foreclosure practices, fended off allegations of lax Money Laundering protections and faced a number of probes into its banking practices. Just last week, the Federal Reserve rejected citis plan to raise its shareholder dividend and jack up its stock buy back complain on concerns about how much capital the bank has on hand. Now the banks troubles just got worse. The fbi has reportedly launched a criminal investigation into the banks role in a 400 million fraud involving its mexican banking unit. Investors have taken notice, sending shares down another 1 today. Michelle carusocabrera has more now on the latest news about citigroup and how much more the banking behemoth can take. Reporter the Company Revealed in late february a 400 million fraud involving an Oil Services Company in mexico. Even before todays news of a criminal investigation, analysts questioned whether mexico was one of the reas
Bailed out by uncle sam during the 2008 financial crisis. Its battled questions about dubious foreclosure practices, fended off allegations of lax Money Laundering protections and faced a number of probes into its banking practices. Just last week, the Federal Reserve rejected citis plan to raise its shareholder dividend and jack up its stock buy back complain on concerns about how much capital the bank has on hand. Now the banks troubles just got worse. The fbi has reportedly launched a criminal investigation into the banks role in a 400 million fraud involving its mexican banking unit. Investors have taken notice, sending shares down another 1 today. Michelle carusocabrera has more now on the latest news about citigroup and how much more the banking behemoth can take. Reporter the Company Revealed in late february a 400 million fraud involving an Oil Services Company in mexico. Even before todays news of a criminal investigation, analysts questioned whether mexico was one of the reas
Former Shell Oil President John Hofmeister is here to weigh in on that. Oils also a hot topic at the university of dayton. The school is going green after divesting all of its fossil fuel investments. Youre going to hear exclusively from the schools president about why he is doing this and his plan to have other University Follow daytons lead as well. Yeah, bill, potentially a lot of money at stake here. Theyre doing it for ethical reasons, but theyre also under pressure, like other universities like stanford, that have done this, from students. All right, want to see whats happening with the market right now . Heres what were doing today. As you can see, kind of a meandering session. Selloff on the open this morning following what happened in asia and europe overnight and this morning. Nasdaq is up just a tiny fraction right now. Its the only of the major three averages thats actually in the green at the moment, while the s p is down a point and a half at this moment at 1,961. Lets ta
9 billion to settle. And aceos is back online. The fashion retailer gets back to business after a warehouse fire over the weekend, but the firm says its fully insured. Shares pair losses. Well, a warm welcome again to Worldwide Exchange this morning, a bright, early monday morning. We do have some further pmi data out this morning, too. We had france and germany already this morning. Now weve got the composite pmi coming. It was estimated at 52. 8. Its coming in right now at 53. 5. Thats for june. So, compared to the estimates pretty much in line with forecast, but the pmi manufacturing estimate at 52. 1, manufacturing coming in at 52. 2, so slightly better on the manufacturing. On the services, too, its come in at 53. 2, bang in line with estimates, of course. And we did have france and germany out this morning. Germany pretty much in line as far as the manufacturing is concerned, weaker on the services, and that dragged the composite down. France weak across the board, both services
The frames will cost the glass 1800. More than a standard pair of googles hightech glasses. The roar of a harleydavidson engine will be more like a hum. The First Electric harleydavidson dubbed project livewire. The company will be taking a few dozen of these on a tour of the u. S. The harley will create something new. To our lead story, oracle strikes a deal to buy micros systems. Is the Software Giant under pressure to produce sales growth . Oracle paid 5. 3 billion for the marylandbased company. Micros is an interesting company. It sells pointofsale systems to hotels, restaurants, and retailers. Oracle had acquisition talks with these guys for six years. The deal fell through six years ago. This one is a big deal for oracle. Its biggest purchase since 2010 since it purchased sun microsystems. How will this go . We will try to figure it out. Joining me now is brian white and a representative of bloomberg industries. Brian, this is an interesting deal for oracle because it is not just