Caesars Entertainment Places Bet on New CEO - Report

Caesars Entertainment Places Bet on New CEO - Report

Casino operator Caesars Entertainment is preparing to name a new CEO, according to a report.

Citigroup Profit Beats Estimates Thanks to Cut in Corporate Tax Rate

Citigroup Profit Beats Estimates Thanks to Cut in Corporate Tax Rate

Citigroup posts better-than-expected results for the first quarter as a cut in the U.S. bank's effective corporate tax rate helps to offset a fall in stock-trading revenue.

Citigroup CEO Has No Immediate Plans to Replace Retiring Deputy Forese

Citigroup CEO Has No Immediate Plans to Replace Retiring Deputy Forese

Citigroup CEO Michael Corbat says he has no immediate plans to name a new president to replace Jamie Forese, who is retiring.

Citigroup Prepares for Earnings Report Amid Slowdown in Global Growth

Citigroup Prepares for Earnings Report Amid Slowdown in Global Growth

Citigroup, the giant U.S. bank, is expected to report first-quarter earnings roughly equivalent to those from a year earlier, even after rival JPMorgan Chase posted a 5% increase. Citigroup CEO Michael Corbat, who this week announced major changes in his senior leadership team, is expected to provide commentary on how the bank is faring amid a slowdown in global economic growth.

Blackstone Group Doubles Women on Board to Two

Blackstone Group Doubles Women on Board to Two

As a growing body of research shows that gender diversity on a company's board of directors usually improves long-term shareholder returns, Stephen Schwarzman's Blackstone Group has added former U.S. Senator Kelly Ayotte of New Hampshire as a director. The appointment would double the number of female directors to two out of 11 total board members, or 18%.

Marriott and Expedia Ink New Multi-Year 'Distribution Relationship' Contract

Marriott and Expedia Ink New Multi-Year 'Distribution Relationship' Contract

The deal marks their first agreement since Marriott bought Starwood for $13 billion in 2016. The existing Expedia-Marriott contract expired last November, but the two parties extended the arrangement during what was reported as tense negotiations.

Citigroup CEO to Staff: One Day Maybe You Too Can Make $24 Million a Year

Citigroup CEO to Staff: One Day Maybe You Too Can Make $24 Million a Year

U.S. Representative Nydia Velazquez, a New York Democrat, asks Citigroup CEO Michael Corbat at a hearing in Washington what it was like to get paid more than 400 times his employees' median pay. Corbat's response was that he hoped employees might see opportunities to get promoted.

Goldman Sachs CEO Uses Congress Hearing as Infomercial for Online Bank

Goldman Sachs CEO Uses Congress Hearing as Infomercial for Online Bank

Goldman Sachs is paying top-of-the-market interest rates on regular savings accounts via its online bank. So CEO David Solomon used his testimony at a U.S. House of Representatives hearing to tout the offering -- with the CEOs of low-paying JPMorgan Chase and Bank of America sitting close by.

U.S. Inflation Sped Up in March Though Only Because of Gas Prices

U.S. Inflation Sped Up in March Though Only Because of Gas Prices

The U.S. Labor Department says the consumer price index rose 1.9% over the past 12 months, faster than the 1.5% pace of the prior month and economists' estimates for a 1.8% increase. But excluding volatile energy and food prices, the index rose just 0.1% during the month, less than economists estimated.

Bitcoin-Trading Companies Race for New York's Approval as SEC Balks

Bitcoin-Trading Companies Race for New York's Approval as SEC Balks

Bitcoin-trading companies aren't waiting for a rebound in prices for the cryptocurrency to set up shop. They're applying at a rapid pace for regulatory approval from New York State officials - with a new license just announced for London-based Bitstamp.