Short Reports
Savings from combined operations and hot-selling Jeeps and Mercedes-Benz luxury cars helped push earnings at automaker DaimlerChrysler AG up 32 percent for the fourth quarter and 16 percent over last year.
The crowded executive suite at Citigroup Inc. is emptying out. John S. Reed said Monday he will retire in April as co-chairman and co-chief executive officer of the nation’s largest financial services company. His partner may not be far behind. Sanford I. Weill, 66, who will become the sole chairman and CEO, said he wants the board to find a successor within two years.