Investors Cheer Citi Jobs Cuts, Push Stock Higher

Dec. 5 (Bloomberg) -- Bloomberg's Dominic Chu reports that investors are reacting positively to Citigroup's announcement of 11,000 job cuts while taking a $1 billion fourth-quarter charge and looks at the company's warning to investors on SAC Capital. He speaks on Bloomberg television's "Money Moves."
Nigeria Set For Buhari’s Historic Inauguration
34:08 - Former military leader Muhammadu Buhari is to be sworn in as president of Nigeria, replacing Goodluck Jonathan who lost an election in March. Bloomberg’s Gavin Serkin summarises his top priorities to Caroline Hyde and Manus Cranny on “Countdown.”
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