Citigroup Promotes John Havens to President and COO

Citigroup on Wednesday announced the promotion of John Havens, the head of its Institutional Clients Group, to president and chief operating officer. The move is designed to make the financial behemoth nimbler by cutting the nu…

Starbucks Rolls Out Smartphone Payment System

Starbucks (SBUX) today announced that customers in U.S. stores will be able to pay for purchases using their smartphones.

Customers will be able to make purchases by downloading the Starbucks Card Mobile App to their phone and scanning an on-screen b…

Ford to Overhaul Kansas City Plant and Preserve 3,750 Jobs

Ford will spend $400 million to upgrade its Kansas City, Mo., plant after production of the current Ford Escape compact SUV moves to another facility. It’s the fourth North American plant that Ford has overhauled or plans to as…