Citigroup’s earnings rise to $4.8b

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Citigroup’s earnings rose 74 per cent in the third quarter as more of its customers paid their bills on time, leading to lower losses from loans. An accounting gain also boosted income. It was the seventh straight quarter of income growth for Citi, America’s third-largest bank by assets. The New […]

Milan court throws out Berlusconi tax fraud case

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MILAN – A Milan court on Tuesday refused to indict Italian Premier Silvio Berlusconi in a tax fraud case involving his Mediaset media company. The court, however, indicted Berlusconi’s eldest son, Pier Silvio Berlusconi, Mediaset chairman Fedele Confalonieri and nine other defendants. Trial is set for Dec. 22….