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White-coated bakers are chopping nuts, dipping pastry into liquid chocolate and hanging freshly baked panettone Christmas cake upside down to preserve its domed shape.

Citigroup Inc will record $2.7 billion in additional legal costs and another $800 million of repositioning charges in the fourth quarter, Chief Executive Officer Mike Corbat said on Tuesday.

More than 150 protesters were arrested in California overnight after shutting down a major freeway in another outbreak of nationwide demonstrations against police use of deadly force on minorities.