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Business Focus: ONE ON ONE: Citibank employs wholesale banking
In 1993, Citibank Egypt was granted a license to operate in local currency, and quickly developed its corporate and investment banking business locally.
In the late 90s, Citibank launched its consumer banking business in Egypt by introducing unsecured credit card to the market. Khairat, a 10-year Citi veteran, joined the consumer bank upon its creation in 1998, starting off in credit operations.
Khairat initially focused on personal loans before becoming a product manager in 2000 to concentrate Citi's growing auto loans business. Today, running the retail bank, Khairat works with consumer banking at all levels and runs Citi's marketing program.
Central to the Citibank brand, he said repeatedly, is its leadership in the industry. As a pioneer of foreign consumer banks in the country, Khairat discussed how other banks took a wait-and-see attitude on Citi's Egyptian venture. more
Oso Biopharmaceuticals Announces Acquisition of Albuquerque Injectables Business from Catalent
Oso Biopharmaceuticals Manufacturing, LLC ("Oso Biopharmaceuticals") and Catalent Pharma Solutions today jointly announced the completion of the purchase of Catalent's Albuquerque, New Mexico sterile injectables manufacturing business. Terms of the transaction, which became effective May 17, were not disclosed.
The Albuquerque business provides cGMP glass vial filling and lyophilization services for injectable drugs and biologics that are either approved for commercial marketing or in clinical development. Oso Biopharmaceuticals will retain all employees associated with the business and continue to serve all existing customers in North America and Europe.
Dr. Stuart Rose, Chief Executive Officer and President of Oso Biopharmaceuticals, said, "We are delighted to have been successful in acquiring Catalent's sterile injectables business based in Albuquerque. more
Dassault has new business jet coming in 2010
Dassault said Monday a more efficient version of its Falcon business jet will be ready for delivery starting in mid-2010.
The 900LX will use winglets to help extend its range to 4,800 nautical miles, Dassault Falcon, a subsidiary of France's Dassault Aviation, said in a statement at the opening of Europe's main corporate aircraft show in Geneva.
The new, three-engine plane will be able to fly from New York to Moscow, or from Paris to Beijing without adding fuel, the company said. It be about 25 feet by 66 feet and can fit eight passengers and two crew.
The plane will replace the existing 900EX on the production line.
"Our customers have been telling us that efficiency is becoming a bigger part of the decision-making process when acquiring a business jet," said John Rosanvallon, who heads the division. more
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Study: Distracted driving laws don't stop crashes 6:23 - Town Hall
com's fourth-quarter earnings report, and several raised their price targets for the stock. Shares of the Internet retailer rose $3.98, or 3.2 percent, at $130.01 in premarket trading Friday ... provider of technology and services for companies that ...
Read moreStocks fall as technology concern overshadows GDP growth - San Diego Daily Transcript
Investors ignored positive economic news Friday and continued the recent round of selling that took stocks lower for the month of January. The Dow Jones industrial average, down more than 150 points during the session -- ended with a loss of 53.13 ...
Read moreU.S. Stocks Decline as Concern Over Technology Earnings Offsets GDP ... - Bloomberg
Jan. 29 (Bloomberg) -- U.S. stocks retreated after disappointing results at technology companies offset a government report showing the economy grew last quarter at the fastest pace in six years. Microsoft Corp. helped lead technology shares to the ...
Read moreU.S. Stocks Fall as Technology Concern Overshadows GDP Growth - Bloomberg
Jan. 29 (Bloomberg) -- U.S. stocks fell, dragging the Standard & Poor’s 500 Index to a three-month low, as disappointing results at technology companies offset government data showing the economy grew at the fastest pace in six years. Microsoft ...
Read more4th quarter's fast economic pace likely to wane - FederalNewsRadio.com
I'm not totally convinced we're out of the woods yet," Schumann said, referring to the economy. AP Economics Writer Martin Crutsinger in Washington, AP Technology Writer Michael Liedtke in San Francisco and AP Business Writer Dan Sewell in Cincinnati ...
Read moreAbington Bancorp, Inc. Announces Results for the Fourth Quarter of ... - MSN Money
Abington Bancorp, Inc. (the "Company") (NASDAQ: ABBC), the parent holding company for Abington Bank (the "Bank"), reported a net loss of $2.0 million for the quarter ended December 31, 2009, compared to a net loss of $3.9 million for the quarter ...
Read moreNew board chair John Hunt says he wants to see chamber continue on ... - Star-Banner
Q: You're taking the helm this year as president of the Ocala/Marion County Chamber of Commerce's board of directors. What will be your top priorities for 2010? The board of directors of the chamber established four goals in the strategic plan ...
Read moreState gets $823 million for high-speed rail - Milwaukee Journal Sentinel
Within a few years, we'll be able to board a train to Milwaukee and work on our computers, make phone calls or read documents while we enjoy the scenery," said Madison ... Plus, he'll be motivated to play against the Cardinals and Cubs, two teams he ...
Read moreBusiness Highlights - Yahoo Finance
WASHINGTON (AP) -- The notion that consumers will help lead the economic rebound received a stark rebuttal Friday: The spending power of American families is being squeezed. Workers saw their inflation-adjusted weekly wages fall 1.6 percent last year ...
Read moreJ. E. Dyer - Commentary Magazine
Trying to play this game without “skin” in it is likely to backfire on us and on our partner in Yemen, the Saleh government. In the coming months, that already-weak government will face a cadre of American advisers urging it to do things that ...
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