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Tag Archives: U.S.

Shrunken Citigroup Illustrates a Trend in Big U.S. Banks

Citigroup became the nation’s first megabank some two decades ago by expanding into new businesses while pushing to knock down barriers that limited its size. A much different Citigroup was evident on Friday as it reported its quarterly results. Business lines like subprime lending, which used to define the company, ...

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Guatemala Stuns the U.S. in a Qualifier

GUATEMALA CITY — The United States traveled here to face a fragile opponent, intent on using its two games against Guatemala in a five-day span to quickly clinch a berth in the next round of World Cup qualifying. Instead, it left with many more questions after a disjointed, disconcerting 2-0 ...

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DealBook: Unpacking a Chinese Company’s U.S. Hotel Buying Spree

Andrew Ross Sorkin DEALBOOK When the Japanese began buying trophy properties like Rockefeller Center in the late 1980s, there was an intense reaction. David Letterman began his show one evening with the announcer saying, “From New York, a subsidiary of Mitsubishi, it’s ‘Late Night with David Letterman.’ ” A New ...

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Culture Gap Impedes U.S. Business Efforts for Trade With Cuba

MEXICO CITY — They have gone to Cuba with plans to build houses. To assemble tractors. To buy apps from young programmers. Even to import charcoal made from the sicklebush that grows in vast stretches across the island. But 15 months after American prospectors began swarming Havana, filling hotels and ...

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Head of VW’s U.S. Unit Is Out, and Dealers Are Alarmed

The head of Volkswagen’s American operations, a central figure in the carmaker’s effort to repair relations with dealers and customers after an emissions scandal, unexpectedly stepped down on Wednesday. The sudden departure of the executive, Michael Horn, adds to the strategic uncertainty for Volkswagen, particularly in the United States, where ...

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