Business Update: Citigroup splits

The announcement accompanied a near $8.3 billion quarterly loss, extending a 15-month string of losses to more than $92 billion. Meanwhile, A deep downturn in demand for chips used in electronic devices will extend into the first quarter, Intel Chief Financial Officer Stacy Smith said after the company's in-line results. Conway Gittens reports from New York.

Reuters | January 16, 2009

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