Company News - Breaking News and Information from CNNMoney

May 9: Wall Street will be looking for proof that Citi can follow through on plans to build its business without increasing risk. more

Citigroup to shed more than $400B

May 9: The banking icon expects to sell certain businesses over the next 2 to 3 years. CEO: 'It's all about getting fit.' more

News Corp. withdraws Newsday bid

4:43pm: Rupert Murdoch's News Corp. had offered to buy the Long Island newspaper for about $580 million. more

AIG chief under siege

May 9: Martin Sullivan's credibility takes another hit even as he boasts the insurer is building a 'fortress balance sheet.' more

FedEx cuts outlook, blames fuel

May 9: The shipping company says a 7% increase in fuel expenses since March will cost 25 to 30 cents per share. more

More Company News

• Clear Channel's murky outlook

• Regulators shutter Arkansas bank

• EA gets $1B financing for Take-Two bid

• Why Microsoft isn't buying Facebook

• Coming soon: Citigroup's grand plan

• Ford surprised by Kerkorian investment

• Rockefellers push alternative energy at Exxon

• Delphi losses widen as GM advances cash

• Toyota's so-called tumble

• Lehman's rain man

• Liberty Media may appeal IAC breakup ruling

• Clear Channel reports profit and revenue jump

• Rupert Murdoch loves print...

• Facebook adds 40 safeguards

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U.S. companies are racing to reduce their carbon footprints and adopt 'greener' business practices. Here's a look at environmental news and other sustainability issues that affect global business. more

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