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Citigroup Inc. (NYSE:C) Again Seeks Fed Approval For Share Buyback
The renowned lender of the US, Citigroup Inc. (NYSE:C) is planning to buy back shares of nearly 1.2 billion US dollars in worth. To exercise the deal the lender has made a request before the US Federal Reserve after the previous request was rejected last year. Citigroup also doesn’t want to increase its dividend. Nearly…
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Report : J.C. Penney Company, Inc. (NYSE:JCP) Downsized 2,200 Employees Over Continued Retailer’s Woes, Citigroup Inc. (NYSE:C) Downgraded Retailers
According to a report from The Dallas Morning News, the Department store J.C. Penney Company, Inc. (NYSE:JCP) lays off about 2,200 employees in most of its stores and district offices on Wednesday. This move comes after previous cut off of 19,000 employees in past year, when the company began its transformation with Chief Executive Ron…