News Corp., the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island paper Newsday, a News Corp. spokeswoman said Saturday.
Citigroup Inc.'s new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review - but only after shrinking the company by about one-fifth first.
Federal regulators says they've closed ANB Financial National Association banks after discovering "unsafe and unsound" business practices there.
A government-backed mortgage bailout is needed, and it must be done right away.