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Smith Barney not for sale, executive says

Along with the layoffs and cost cutting unveiled last week by Citigroup Inc. came rumors that the company’s Smith Barney brokerage unit was destined for a spinoff.

IRVINE, Calif. — Along with the layoffs and cost cutting unveiled last week by Citigroup Inc. came rumors that the company’s Smith Barney brokerage unit was destined for a spinoff.
But Robert Druskin, chief operating officer of New York-based Citigroup, told the Public Broadcasting Ser

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