By Christina Rexrode and Andrew Grossman
Citigroup Inc. will pay $7 billion to settle the U.S. government's accusations that it misled investors about the quality of mortgage securities it sold in the run-up to the financial crisis.
By Andrew Grossman and Daniel Fitzpatrick
The Justice Department and Citigroup Inc. are close to a deal for the bank to pay about $7 billion to settle allegations it sold shoddy mortgages in the run-up to the financial crisis, according to people familiar with the matter.
NEW YORK (MarketWatch) -- General Mills Inc. (GIS) said Wednesday its fiscal fourth-quarter profit rose to $404.6 million, or 65 cents a share, from $366.3 million, or 55 cents a share, a year earlier.
By Dana Cimilluca and Dana Mattioli
Medical-device maker Medtronic Inc. is in advanced talks to combine with rival Covidien PLC in a deal valued at more than $40 billion, according to people familiar with the matter.
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