1.
Drones over U.S. may pose security risks
NEW Y, N.Y., Sept. 16 (UPI) -- Chairman of Citigroup Richard Parsons said he will become a senior adviser to Providence Equity Partners, a prominent U.S. private equity firm.
Providence owns Metro Goldwyn Mayer, Hulu and Univision, The New York Times reported Wednesday.
Parsons had intended to take the position earlier this year, but put off the move as Citigroup was struggling to regain its footing in the wake of the financial crisis, the Times said.
Parsons, former chief executive officer at Time Warner, informed the Citigroup board Tuesday that he would maintain his chairman job at Citigroup and take on the new role at Providence on a part-time basis.
He is expected to recuse himself from deals that involve both Citigroup and Providence. In the past, Citigroup has lent money in deals involving the equity firm, the newspaper said.
|
|
|
| Additional Business News Stories | |
WASHINGTON, Feb. 10 (UPI) --
The Nuclear Regulatory Commission approved the construction of two new nuclear reactors, the first to be built in the United States since 1978.
|
ISLAMABAD, Pakistan, Feb. 10 (UPI) --
The last three of 18 new and upgraded F-16 fighter jets from the United States arrived in Pakistan, a report by the Indo-Asian News Service said.
|
Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
|
Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
|
| Stories | Photos | People | Comments |
View Caption
