Citigroup Inc.’s Michael Corbat, who took over as chief executive officer less than two months ago, will cut more than 11,000 jobs and pull back from some emerging markets to drive down costs as revenue dries up at global banks.
Jan. 30 -- Former eMusic CEO Adam Klein and Bloomberg Intelligence's Paul Sweeney discuss Jay Z's expansion into music streaming to take on Spotify and Apple’s Beats. They speak with Bloomberg's Alix Steel on "Street Smart."
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