Citigroup to shrink troubled U.S. mortgage business

March 7, 2008

Citigroup will radically shrink its troubled mortgage business in a bid to save 2 million U.S. dollars a year, the American financial giant announced Thursday.The New York-based bank plans to integrate its mortgage businesses, including Citi Home Equity and Citi ...

Archibald Prize

March 7, 2008

Sydney artist Del Kathryn Barton has won the Archibald Prize with a portrait she says celebrates the love she has for her two children. The 35-year-old artist won the $50,000 first prize in Australia's most famous art award for a self ...

Suicide-risk drug

March 7, 2008

A drugs manufacturer has been criticised, but not prosecuted, over claims that it withheld information about the increased risk of suicide for children taking Seroxat, the bestselling antidepressant drug. Ministers have promised to tighten laws that require pharmaceutical companies to ...

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