UK daily Financial Times, quoting people close to the development, said, "Citigroup is to revamp its board with the departure of long-standing members Kenneth Derr and Franklin Thomas following criticism of its ability to supervise the troubled company's executives and strategy".
The New York Times report citing a person who saw Jobs at the Apple campus said that 'Jobs was actually at work on Apple's sprawling corporate campus on Monday.' 'However, company representatives did not say whether he had returned permanently,' it added.
The judge overseeing GM's Chapter 11 case has set Friday as the deadline for objections to its restructuring plan. The report noted that GM and its advisers are confident that none of the roughly 500 objections submitted so far would derail the timetable, under which the court is due to consider the sale of most of its assets to a new entity on June 30.
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