Treasury Department Selling Off Citigroup Shares

The U.S. Treasury Department is offering up its remaining Citigroup shares, a move that marks the end of one of the federal government’s largest bank bailouts. But the Treasury says it will hold out for an “acceptable price” fo…

U.S. Economy Grows Slightly More Than Expected

The U.S. economy grew at a better-than-expected 2.5% rate in the third quarter, the U.S. Commerce Department announced Tuesday, in its second estimate for the quarter. Higher exports, investment, and increased consumer spending quickened the pace of co…

Carlos Slim Buys Stake in BlackRock

Carlos Slim, the world’s richest man, bought a stake in BlackRock Inc. (BLK), the world’s largest asset manager.

Mexican billionaire Slim bought a stake worth less than 2% of the asset manager, Bloomberg News reported. Slim spokesman Arturo Elias did…