Joanna Wnuk
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Anatomy of a coup
Walking into what he thought was a routine meeting with Citigroup's chairman, soon-to-be-former Citigroup CEO Vikram Pandit was blind-sided with three disturbing press releases, according to the New York Times. His options: Resign now, resign soon or have security escort him out of the building immediately.
The stunning exchange was the climax of a meticulously organized coup by the company's new chairman, Michael E. O'Neill.
Meanwhile, Citigroup has paid a fine and fired an analyst after being accused of leaking information about Facebook to TechCrunch in the run up to Facebook's IPO.
'I think the Chinese government people don't understand'
The Chinese are at a loss as to what's causing all the fuss about the CNOOC/Nexen deal.
Buffett's MidAmerican dives into Canadian power projects
Warren Buffett's MidAmerican Energy Holdings Co. agreed to fund half the cost of natural gas-fueled power plants built or bought by TransAlta Corp. in Canada, where the companies say almost $200-billion in new investment is needed during the next 20 years.