Citigroup CEO Pandit steps down

Vikram Pandit has stepped down as CEO of Citigroup, saying it was time for someone else to take the helm of the banking giant. Source: AFP VIKRAM Pandit has abruptly stepped down as CEO of Citigroup, surprising Wall Street, after steering the...

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Rio Tinto to cut Euro costs, jobs by 30%

GLOBAL mining giant Rio Tinto is planning to cut costs and jobs in Europe by 30 per cent by the end of 2013, a union official says after meeting with company executives. "They told us that we have to reach a reduction of costs on the order of...

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Apple sets date for 'iPad mini launch'

APPLE is sending out invitations to reporters for an event next Tuesday, where it's expected to announce the release of a smaller iPad. The invitation to the venue in San Jose, California, doesn't hint at what's will be revealed, but media and...

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Beyonce to star in Super Bowl show

ALL the single ladies will be watching the upcoming Super Bowl along with football lovers. That's because Beyonce is the halftime show performer. A source familiar with Super Bowl XLVII said the Grammy-winning diva will take the stage at the...

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AMWU boss to tour Hunter factory

THE Australian Manufacturing Workers Union (AMWU) will visit a factory in the NSW Hunter Valley on Wednesday as part of a national tour aimed at boosting jobs in the embattled sector. AMWU National Secretary Paul Bastian said with 125,000 jobs...

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Jeweller offers rifles with rings

HAVE you spent your life hunting for the perfect wife? Maybe you have met the one but are feeling gun shy? An Iowa jeweler is offering free rifles for husbands-to-be who spend at least $US1999 ($1953) on an engagement ring at his store near...

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Half of all wetlands destroyed since 1900

AN alarming 50 per cent of the world's wetlands have been destroyed in the last 100 years, threatening human welfare at a time of increasing water scarcity, a new report says. Wetlands serve as a source of drinking water and provide protection...

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