LOSS OF CONFIDENCE: The US financial conglomerate said it was `well capitalized,' but Merrill Lynch and Goldman Sachs analysts expected it to remain in the red this quarter
Sanford Weill built Citigroup into one of the world's largest banking companies. Now, Vikram Pandit is watching Weill's creation wither in the stock market.

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As it scrambles to avoid defeat in its battle with Microsoft, Yahoo may try to put a little more time on the clock.

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General Motors Corp (GM) and Daimler AG unveiled plans on Tuesday for lithium-ion hybrids as automakers push to overcome difficulties with a technology that promises to push hybrid autos to the next level of performance.

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Facebook Inc has raided Google Inc to hire a new chief operating officer, providing the popular online social network with more seasoned management and advertising savvy as it strives to make more money without alienating its audience.

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TOUGH MISSION: The government has set an inflation target of 4.8 percent, which the premier admitted would be difficult to meet in light of rising inflationary pressures
Chinese Premier Wen Jiabao (溫家寶) said yesterday that inflation was now the top concern for the nation's 1.3 billion people, as he pledged to take steps to slow the Asian giant's red-hot economic growth.

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■ FINANCE

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