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Jonathan Stempel

US cigarette makers choke on new labelling rules

Four big cigarette makers have sued the US Food and Drug Administration, seeking to void as unconstitutional new graphic labels.

Toshiba faces $100-million gender bias lawsuit

A senior human resources manager at Toshiba Corp accused a US unit of the Japanese technology company of "systemic" gender bias against women.

Goldman Sachs charged with fraud

Goldman Sachs Group has been charged with fraud by the US Securities and Exchange Commission over its marketing of a subprime mortgage product.

Madoff trustee to review swindled victims’ claims

The trustee overseeing the liquidation of Bernard Madoff's firm will ask a court to decide how much the imprisoned swindler's victims should recover.

US banks move quickly for capital

Several large US banks undertook big capital-raising efforts on Tuesday, hoping to satisfy regulators who want bigger cushions against a recession.

Buffett offers bleak outlook for US newspapers

Warren Buffett is fond of newspapers but the investor warned shareholders of his Berkshire Hathaway that the reeling industry may never recover.

Citigroup CEO says bank profitable, shares soar

Citigroup was profitable in the first two months of 2009 and is confident about its capital strength, chief executive Vikram Pandit said.

Citigroup gets new rescue

The US government will boost its stake in Citigroup to as much as 36%, bolstering the bank's capital base in the latest effort to save the bank.

Bank of America gets big govt bailout

Bank of America was rescued by the US government on Friday through a -billion bailout.

AIG rescued by US Federal Reserve

Capping an extraordinary day in financial markets, US authorities pieced together an emergency -billion rescue of insurance company AIG.

Lehman sets asset sales plan, posts $4bn loss

Lehman Brothers, desperate for capital and fighting for its survival, unveiled a plan to shed weak assets and sell a stake in its funds business.

Citigroup CEO Prince to resign

Citigroup chief executive Charles Prince plans to resign this weekend, the Wall Street Journal said on Friday, as the widening subprime mortgage crisis brings to an end the reign of Sanford Weill's troubled successor. The largest United States bank by assets plans to hold an emergency board meeting on Sunday, at which Prince will step down.

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