Video - Report: Gov't could take a bigger chunk of Citi

The Wall Street Journal, citing people familiar with the situation, said late Sunday that Citigroup Inc. is negotiating with authorities to increase the U.S. government's stake in the teetering lender to as much as 40 percent.

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Video - Business Update: Citigroup splits

Humbled financial powerhouse Citigroup decided to split into two companies putting an end to the financial supermarket model it created. The announcement accompanied a near $8.3 billion quarterly loss, extending a 15-month string of losses to more than $92 billion. Meanwhile, A deep downturn in demand for chips used in electronic devices will extend into the first quarter, Intel Chief Financial Officer Stacy Smith said after the company's in-line results. Conway Gittens reports from New York.

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