EU slashes cell phone roaming costs

European Union lawmakers voted Wednesday to slash the cost of texting and surfing the Internet on cell phones abroad. As of July 1, the cost of a text message sent from one EU country to another will drop from around €0.28 ($0.36) to €0.11 ($0.14). According to a statement on the European Union’s Web site, the age of consumers expecting “bill shocks” for downloading a picture or a movie from a cell phone while roaming in the EU is over

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Citigroup’s Surprising Profit: Are Banks Really Out of the Woods?

Citigroup chief financial officer Ned Kelly was trying to explain an aspect of the bank’s better-than-expected first-quarter results on Friday morning when star analyst Meredith Whitney interrupted him. “Could you dumb that down for me?” she asked. It was the question of the week.

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