NEW YORK (Reuters) - Citigroup Inc shares rose in premarket trading Thursday on a report that longtime shareholder Saudi Prince Alwaleed bin Talal plans to increase his stake in the bank to 5 percent from less than 4 percent.
NEW YORK (Reuters) - Stock index futures cut losses on Thursday after PepsiCo , a food and beverage company, reaffirmed its 2008 profit and CNBC television reported that Saudi Prince Alwaleed bin Talal planned to boost his stake in Citigroup to 5 percent, a day after the bank's shares plummeted.
NEW YORK (Reuters) - The money-losing finance company GMAC said on Thursday it has filed to become a bank holding company, joining the growing list of lenders making such a move in a bid to secure U.S. Treasury funds.
LONDON (Reuters) - World economic misery spread on Thursday with forecasts of a global recession running well into 2009, Japan's exports to Asia falling for the first time in six years and job losses mounting.
NEW YORK (Reuters) - PepsiCo Inc reiterated its full-year 2008 earnings outlook on Thursday and said it would discuss innovation plans for 2009 for its North American beverage unit later in the day.
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