Macquarie Infrastructure Company (NYSE:MIC) announced that a performance
fee of $116.6 million is payable to its management company, Macquarie
Infrastructure Management (USA) Inc. (MIMUSA), for the third quarter of
Rediff.com’s overall performance in the past two quarters signaled the
emergence of an internet media business model in which fee-based revenue
is the key driver and online advertising is in a supporting role.
By Christina Rexrode
Citigroup Inc. will return $16 million to customers who were allegedly overcharged for advisory fees on certain investment accounts, according to an agreement to be announced Thursday with the state of New York.
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