Citigroup said Monday that its net income dropped in the second quarter after it took a $3.8 billion charge to settle claims over its risky subprime mortgage business.

The charge pushed down its net income to $181 million from $4.18 billion a year earlier.

On a per-share basis, net income was 3 cents, compared with $1.34 in the second-quarter a year earlier.

Excluding the charges and an accounting loss, the bank's second-quarter profit rose 1 percent to $3.93 billion, or $1.24 a share. That beat the $1.06 a share predicted by analysts polled by FactSet.

Revenue was $19.4 billion, excluding the accounting loss, compared with $20 billion a year earlier.

NASHVILLE, Tenn. — Volkswagen plans to build a new seven-passenger SUV at its factory in Chattanooga, Tennessee, adding about 2,000 factory jobs as it tries to reverse U.S. sales that have fallen for the past two years.The German automaker announced Monday that it will invest $600 million to expand the factory and set up a new research center that will employ about 200 engineers.

LOS ANGELES — Two picnic baskets packed with 67 live giant African snails were seized by federal authorities at Los Angeles International Airport, authorities said Monday.The snails, which weighed a total of more than 35 pounds and reportedly were intended for human consumption, was apparently the largest seizure at LAX of the mollusks, which are sometimes fried and served as a snack.The snails arrived from Lagos, Nigeria, and were headed to San Dimas, Calif., she said.