If you’re trolling for ideas amid the selloff, you might want to get the following four stocks on your radar.» Read More
NEW YORK, Aug 1- A Saudi investor who accused Citigroup Inc of "virtually wiping out" his family's fortune cannot pursue a $383 million arbitration case filed against the bank, a U.S. appeals court ruled.
Live Nation's partnership with Yahoo to stream one live concert every day is a rare win for music fans. The deal opens up a new revenue stream for Live Nation, which reported second quarter earnings Thursday that fell short on profit but beat Wall Street's revenue expectations.
Business News at 5 p.m.. The supervisor is Richard Jacobsen. —Updates: ITALY- FIAT-CHRYSLER, SALMONELLA OUTBREAK-TRIAL, YAHOO-LIVE NATION-CONCERTS, ALLERGEN-VALEANT LAWSUIT, FINANCIAL MARKETS, AUTO SALES.
Bank of America Corp. fell$. 35 or 2.3 percent, to $14.91. Citigroup Inc. fell$. 78 or 1.6 percent, to $48.13. Goldman Sachs fell $3.05 or 1.8 percent, to $169.82.
Bank of America Corp. rose$. 08 or. 5 percent, to $15.33. Citigroup Inc. fell$. 24 or. 5 percent, to $48.67. Goldman Sachs fell $1.12 or. 6 percent, to $171.75.
Citigroup said in a regulatory filing Friday that it received the information from the SEC this week. The SEC has filed a series of cases against Citigroup and other big Wall Street banks in recent years over their sales of securities backed by risky mortgages ahead of the 2008 financial crisis.
*Iliad bid $15 bln for 56.6 pct of T-Mobile US at $33/ share. PARIS/ FRANKFURT, Aug 1- Telecoms group Iliad has lined up BNP Paribas and HSBC to finance its bid for T-Mobile US, people familiar with the matter said, as it pursues a deal that could overturn expectations of industry consolidation in both the United States and France.
LONDON, Aug 1- Europe's investment banks are giving Wall Street a run for its money despite shrinking their trading arms more aggressively than U.S. rivals.
*Iliad lines up deal financing with BNP, HSBC- sources. *Iliad bid $15 bln for 56.6 percent of T-Mobile US at $33/ share. PARIS, Aug 1- French telecoms company Iliad has lined up financing for its $15 billion bid for 56.6 percent of T-Mobile US from BNP Paribas and HSBC, three people familiar with the matter said on Friday.
Bank of America Corp. fell$. 33 or 2.1 percent, to $15.25. Citigroup Inc. fell $1.08 or 2.2 percent, to $48.91. Goldman Sachs fell $2.89 or 1.6 percent, to $172.87.
NEW YORK, July 31- Banks gave Puerto Rico's electric power authority a two-week extension on $671 million in revolving loan facilities on Thursday as the troubled authority negotiates with creditors over its vital near-term cash needs. Of that, $146 million was due to Citigroup Inc on Thursday.
WASHINGTON— Companies overseeing millions of mortgage loans appear to be skirting new federal regulations and legal settlements intended to stop them profiteering at the expense of troubled homeowners.
LISBON/ LONDON, July 31- Portugal's hopes of drawing a line under the financial and governance troubles of Banco Espirito Santo were dashed on Thursday as investors took fright at massive losses and revelations of potential illegal activity at the country's largest listed bank.
LONDON, July 31- Gold fell to a six-week low on Thursday and was set for its second monthly drop since May as the dollar rose on optimism over the U.S. economy, which offset a message from the Federal Reserve that it is in no rush to raise interest rates.
*Coming up: U.S. Weekly jobless claims at 1230 GMT. LONDON, July 31- Gold held below $1,300 an ounce on Thursday and was set for its second monthly drop in three as optimism over the U.S. economy curbed demand, offsetting a message from the Federal Reserve it is in no rush to raise interest rates.
BERLIN, July 31- German fashion house Hugo Boss on Thursday reported second-quarter sales rose 5 percent, helped by its strategy of running more of its own stores. Best known for its men's suits, Hugo Boss is banking on investment in womenswear to drive future growth.
*Coming up: U.S. Weekly jobless claims at 1230 GMT. LONDON, July 31- Gold held below $1,300 an ounce on Thursday and was set for its second monthly drop in three as optimism over the U.S. economy curbed demand, offsetting a message from the Federal Reserve it is in no rush to raise interest rates. Spot gold was flat at $1,295.10 an ounce by 1021 GMT.
July 30- General Electric Co's credit card unit, Synchrony Financial, raised $2.88 billion in the biggest initial public offering so far this year, the company said on Wednesday.
Bank of America Corp. rose$. 24 or 1.6 percent, to $15.58. Citigroup Inc. rose$. 58 or 1.2 percent, to $50.00. Goldman Sachs rose$. 22 or. 1 percent, to $175.76.
July 30- The Federal Reserve carried on its merry tapering on Wednesday, and though the accompanying statement was probably rightly viewed as dovish it signals a potential sting down the road. For now, Fed policy looks set to continue to support risk assets, with a less certain and probably less strong impact on Main Street.