News

Citigroup: Shares Fall After No. 3 Bank Flunks 'Stress Test'

Shares of Citigroup (NYSE: C) fell more than 4 percent Wednesday after the Federal Reserve said the No. 3 U.S. bank flunked a “stress test” of its financial viability.

Will Premier Wen's Closing Remarks at NPC Affect China’s Property and Exchange Rate Policies

The comments from Premier Wen Jiabao at the close of the National People’s Congress on Wednesday have sparked interest in the outlook for China’s property and exchange rate policies and in the prospects for political reform according to Capital Economics.

Tori Spelling & Dean McDermott Downsize in Malibu

When Tori Spelling and husband Dean McDermott sold their house in Encinolast year, I just kind of assumed it was because they wanted a bigger place for their growing family (baby Hattie was born in October). Instead, they downsized to a smaller, more modest 2,300 square-foot house in Malibu.