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Mount Vernon mayor pleads guilty to taking campaign funds; will resign...

Mayor Richard Thomas pleaded guilty to third-degree attempted grand larceny and second-degree offering a false instrument for filing. Both are misdemeanors.

Citi CEO abruptly resigns

Citigroup Inc. CEO Vikram S. Pandit abruptly resigned today, with the board of directors announcing he will be replaced by Michael Corbat, who previously served as chief executive of the bank’s Europe, Middle East and Africa divisions.