... majority stake in its Smith Barney brokerage unit to Morgan Stanley. Citi also will reshape its board of directors, Richard Parsons, the bank's chairman, said in a statement Friday. The board, which currently has 15 members, will have a majority ...

... 12.7 percent, to $27.07. Financial stocks mostly rose Friday following reports that Citigroup Inc. Chairman Richard Parsons said the bank doesn't need additional government support. Citigroup has received three rounds of emergency funding ...

... Warner and America Online as well as a pivotal moment in the unfolding of the Internet age," Time Warner President Richard Parsons said. The deal is subject to certain conditions, including regulatory approvals and the approval of AOL and Time ...

... Time Warner to separate its ownership of media distribution and production properties. Time Warner Inc. president Richard Parsons called this request "almost laughable." And FCC Chairman William Kennard seemed wary of Disney using the merger ...

... chairmen are former Democratic New York Sen. Daniel Patrick Moynihan, who supports private investment accounts, and Richard Parsons, AOL Time Warner's co-chief operating officer, a Republican. The commission is to present its findings in the ...

... next year from the world's largest media company. Levin, 62, will be replaced by co-chief operating officer Richard Parsons. While the timing surprised some colleagues and industry analysts, his departure did not appear to be forced or ...

... The incoming CEO of AOL Time Warner, the CEO of American Express and Merrill Lynch all share one thing in common. Richard Parsons, Kenneth Chenault and Stanley O'Neal are all black. Every day, President Bush receives counsel and guidance on ...

... Exchange Commission is looking into a series of transactions that may have improperly boosted revenue. Chief executive Richard Parsons said in a conference call with investors that the SEC was conducting a "fact-finding" inquiry into several transactions ...

... company successfully emerged from bankruptcy proceedings in May 2003. Lewis joins Stanley O'Neal of Merrill Lynch, Richard Parsons of Time Warner, Ken Chenault of American Express and Franklin Raines of Fannie Mae as the only African-American ...