NEW YORK - CITIGROUP swung to profit in 2009 with first quarter profit of US$1.6 billion (S$2.4 billion), coming back from massive losses in 2008 of 18.72 billion dollars, the troubled banking giant said on Friday.
Citi, which needed special help from the US government to weather the financial crisis, returned to the black in the January-March period following a US$5.1 billion loss in the same period last year.
TOKYO/FRANKFURT - VOLKWAGEN may have overtaken Toyota to become the world's top-selling carmaker in the first quarter.
Although overall VW deliveries to customers fell 11 per cent to around 1.39 million vehicles, the German carmaker dramatically increased its share of the global passenger car market by 130 basis points to 11.0 per cent.
CHICAGO - A STUDY using new imaging technology found 'silent' heart attacks may be far more common, and more deadly, than suspected, US researchers said on Friday.
Some studies estimate that these often painless heart attacks, also known as unrecognised myocardial infarctions, affect 200,000 people in the United States each year.
MUMBAI - THE lawyer for the alleged lone survivor among 10 gunmen who rampaged through Mumbai last November, killing 166 people, told a special court on Friday that his confession to the act was forced and he wanted to retract it.
Police say Mohammed Ajmal Kasab, who sat barefoot in the dock dressed in a full-sleeve T-shirt and navy blue track pants, was one of the gunmen who arrived in Mumbai by sea from Pakistan to carry out the attacks.
