NEW YORK - WALL Street stocks edged lower on Friday as investors digested better-than-expected profit reports and awaited data on manufacturing, and sales in the ailing auto sector.
WASHINGTON - THE Washington Post Co reported a quarterly net loss on Friday as print advertising revenue plunged more than 30 per cent at its flagship newspaper and online revenue also fell.
SYDNEY - THE chief executive of Australia's largest investment bank, Macquarie Group, has taken a 99 per cent pay cut after its annual profit plunged by more than half, the bank revealed on Friday.
The move came as the bank, once dubbed the 'millionaire's factory', posted a massive 52 per cent drop in profit to A$871 million (S$941.8 million), Macquarie's first profit drop in 17 years.
TOKYO - SUMITOMO Mitsui Financial Group said on Friday that it had agreed to buy Citigroup's Japanese brokerage arm as part of a 545 billion yen (S$8.15 billion) deal with the troubled Wall Street giant.
