Explaining Southern California's economy

Pandit steps down as Citigroup CEO after navigating bank through 'Too big to fail' crisis

Congressional Oversight Panel Holds Hearing TARP Assistance To Citigroup

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Citigroup CEO Vikram Pandit testifies during a hearing before the Congress. He just stepped down, ending a story that stretches back to the financial crisis.

Vikram Pandit steps down as CEO of Citigroup: "...a surprise to Wall Street that comes a day after the country's third-largest bank announced stronger-than-expected earnings." (LAT)

Son of Solyndra? A123 files for bankruptcy: "The bankruptcy filing may fuel further political debate over government financing of alternative-energy and transportation businesses." (Bloomberg)

Yahoo CEO and former Googler Marissa Mayer makes the incredibly tricky decision to...hire an Henrique de Castro, an executive from Google, as COO: "'This is a pivotal point in Yahoo!'s history, and I believe strongly in the opportunity ahead. I can't wait to join Marissa and the team and get started.'" (VatorNews

Oh please, oh please, oh please... The Tata Nano Americano: "So the owner of some of the world's most opulent vehicles wants to bring to the U.S. a car with fewer amenities and horsepower than your average lawn mower." (LAT)

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