In His First Big Move, Citigroup CEO Cuts 11,000 Jobs
By: Ailsa Chang //
December 5, 2012
Citigroup has announced it's eliminating 11,000 jobs — about four percent of its work force. It's the first major step of new CEO Michael Corbat, who's under pressure to trim fat from the unwieldy bank.
Despite its name, the "pot pig" experiment isn't an attempt to develop a new meaty treat for stoners. Instead, a Seattle butcher is feeding marijuana seeds, stems and root bulbs to swine as a cheeky money-saving measure.
There is word of another controversial leak investigation by the Department of Justice. The target is Fox News reporter James Rosen, who was monitored by the department after breaking a story about North Korea's nuclear weapons program in 2009.
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