Money Minute: Guinness, eBay, CitigroupShow Video Details ↓ Mark Hamrich: AP Money Minute. My goodness, Guinness plans to layoff more than half of its brewery workers, close 2 breweries and ship most beer production to a new high tech plant in the Dublin suburbs by 2013. The landmark Guinness brewery, one of Dublin's oldest businesses and a top tourist attraction there will remain open, but production will drop to about 500 million pints a year that will exclusively supply the Irish and British markets. Ebay is exploring whether to require customers to use its online payment service PayPal. The move has already enraged users and prompted anti-trust scrutiny in Australia where a PayPal only rule takes effect next month. It's unclear weather Ebay wants to do a similar policy in the US and elsewhere. However the online auction company often tries big changes in smaller markets before expanding worldwide and says it is open to that in this case. Citigroup says it aims to shed about $500 billion in assets and grow revenue by 9% over the next few years. It's trying to rebound from massive losses tied to the mortgage and credit markets. So called legacy assets include yet to be named non-core businesses as well as assets and Citigroup securities and consumer banking segments that includes mortgages and other real estate related holdings. I'm Mark Hamrich with AP Money Minute. |