Citigroup announces corporate streamlining

NEW YORK -- Citigroup Inc., the nation's largest financial institution, on Friday announced that it was streamlining its corporate structure so the New York-based bank can be managed more efficiently. The bank said it was merging its two main bank holding units into the parent company, consolidating capital markets operations and making other moves that appear aimed at simplifying its structure and increasing accountability.

HealthSouth exec's trial focuses on secret tapes

BIRMINGHAM, Ala. -- Former HealthSouth CEO Richard Scrushy told his finance chief to "go down fighting" right before an FBI raid that resulted in fraud charges against a string of executives from the rehabilitation giant, according to evidence Friday at Scrushy's trial.Unknown to Scrushy when he made the comment, then-CFO Bill Owens already had quit fighting: He was cooperating with prosecutors and wearing a hidden recorder that captured Scrushy's words. In all, prosecutors played six secretly made recordings that they say prove Scrushy was the director of a scheme to overstate HealthSouth earnings by some $2.7 billion.

Walt Disney Co. still wishes for star CEO

MINNEAPOLIS -- The search isn't over for a new Walt Disney Co. chief executive to replace Michael Eisner, chairman George Mitchell pledged on Friday. But whenever Mitchell wasn't talking, there were just two people on the stage at Disney's annual meeting -- Eisner, and the apparent front-runner to replace him, president Robert Iger. Mitchell said the search should be finished by June.