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Geithner possiblity boosts stocks Friday

NEW YORK,  Nov. 21 -- U.S. markets surged Friday on reports New York Federal Reserve President Timothy Geithner would likely be chosen as the next treasury secretary.

New York Times Co. slashes dividend by 74 percent

New York Times CoThe New York Times Co.

Comtech PST Corp. wins order worth $ 1 million

Comtech PST Corp.Comtech PST Corp., a subsidiary of Comtech Telecommunications has secured a $1 million order from a domestic prime contractor to supply high power switches.

Acxiom Corporation Buys Quinetix LLC

Acxiom CorporationAcxiom(R) Corporation, a global leader in interactive marketing services, has acquired Quinetix, LLC, a Rochester, N. Y.-based provider of analytics and predictive modeling for large and medium-size businesses in retail banking and other industries.

Citigroup to show exit door to 50,000 employees

CitigroupThe banking giant, Citigroup on Monday unveiled its plans to cut about 50,000 jobs, representing 20% of its global workforce, in an effort to cut costs and stem huge losses sparked by bad investment and lending decisions.