Citigroup CEO Charles Prince is toast and is expected to quit at an emergency board meeting scheduled for Sunday, according to the Wall Street Journal (subscription required). And the word on the street is that Citi will report another big write-off and more losses. In more bad news for Citi, the Securities and Exchange Commission, which […]
India’s richest man and Reliance Industries Chairman Mukesh Ambani has gifted his wife Neeta a luxury jet for her birthday. The birthday gift – a snazzy Airbus 319 valued at $60 million (Rs 242 crore) -Â is fitted with the works including entertainment cabins, a sky bar and fancy showers. Several commercial airlines including Spirit Airlines, […]
The head of the Liberation Tigers of Tamil Eelam’s (LTTE)Â Political Division S.P. Tamilselvan was killed in a Sri Lankan Air Force aerial bombardment on Friday at 6.00 AM local time, according to a LTTE web site. A note on the LTTE web site said:Â With deep sorrow we announce to the people of Tamil Eelam, […]