Citi names
Citigroup named Peter Orszag chairman of its financial strategy and solutions group. The former White House budget director, hired by Citi in 2010, will take the role in addition to his duties as vice chairman of corporate and investment banking.
Beer cheer
Anheuser-Busch InBev and Justice Department talks are leaning toward a settlement that would give the brewer approval to buy Corona maker Grupo Modelo, for $20.1 billion.
Google tunes
Google plans to start a subscription music-streaming service to challenge Spotify Ltd., said people familiar with the situation.
Bad road
Tesla CEO Elon Musk told Bloomberg TV that a negative review of his company’s battery-powered Model S sedan in the New York Times led to “probably a few hundred” cancellations of orders for the car.
GM pay
General Motors is proposing to pay CEO Dan Akerson $11.1 million this year, according to a document obtained by Bloomberg. GM is planning $82 million in compensation for its top 25 executives.