Citigroup to pay $100M to settle rate manipulation charges

Citigroup agreed to pay $100 million to settle charges that its bankers manipulated an important interest rate used to price everything from credit cards to mortgages. It is the latest major bank to settle charges related to the manipulation of the London Interbank Offered Rate, better known as Libor. Citi will pay $100 million to the New York State Attorney General’s office and 41 other states involved with the investigation.

AT&T said to be changing Time Warner’s name to WarnerMedia

Time Warner will get a new name under new owner AT&T: WarnerMedia. The business, which includes HBO, Turner Broadcasting and the Warner Bros. studio, was christened with the moniker in an internal memo on Friday, according to a person familiar with the matter. AT&T took over Time Warner on Thursday after a drawn-out antitrust battle. The deal, originally announced in 2016, will let the telecom giant offer new packages of wireless data and entertainment content. WarnerMedia will be based in New York and Los Angeles.

GM said to explore listing shares of self-driving unit

General Motors is having early discussions internally and with banks about strategic options for its self-driving car unit Cruise Automation, according to people familiar with the matter. The largest U.S. automaker is researching possibilities including a public offering of shares, listing a separate tracking stock to reflect its value, or spinning off the unit, the people said. GM won’t make a decision until Cruise is further along in development and may not take any action for a couple of years, if at all.