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Macerich Co, the third-largest U.S. shopping mall owner, rejected a $14.39 billion unsolicited offer from larger rival Simon Property Group Inc, saying the proposal "substantially undervalues" the company.

Citigroup Inc said on Tuesday it plans to exit its custody business in Argentina as soon as possible, after a U.S. judge refused to lift an injunction that blocked the bank from processing interest payments on $2.3 billion of Argentina bonds.

Accused Boston Marathon bomber Dzhokhar Tsarnaev told a high school friend his older brother was "very strict" and might not like him because he was not Muslim, the friend testified on Tuesday.