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BUSINESS BRIEFS.(TO THE POINT)
FINANCE
Citigroup top underwriter in Q3
Citigroup underwrote $91.71 bil in U.S. stock, equity and related issuance, holding a 9.9% market share, Thomson Fin'l said. In Q3 '04, Citi was No. 1 with an 11.7% share. JPMorgan was No. 2 in Q3, up from No. 4 last year. Lehman Bros., Merrill Lynch and Morgan Stanley rounded out the top five.
Citigroup takes Brasil Telecom
Citigroup and a group of Brazilian state-run pension funds, BT's majority owners, won a months-long battle for the telecom vs. Brazilian financier Daniel Dantas. He ran Citi's Brazilian private-equity investments until he was fired in March.
IN BRIEF
Aetna hiked its buyback plan by up to $750 mil, equal to 3% of the health insurer's shares out.
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