British pharmaceuticals giant GlaxoSmithKline was hit with a multi-million pound lawsuit today after allegedly misleading doctors about the safety of an anti-depressant drug for children.

THE board of the National Pension Reserve Fund will meet later this month to discuss the possibility of sacking two of its fund managers.

Citigroup chairman and chief executive Sanford Weill today denied a newspaper report saying that state prosecutors informed Citigroup that the interests of Weill and Citigroup have diverged and that Weill could face legal action.

The Dow Jones was higher midsession while the Nasdaq was down along with confidence in technology stocks ahead of most earnings reports, dealers said.