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Citigroup Inc

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  • Stocks Recover, Led by Battered Financials Tuesday, 24 Jun 2008 | 2:27 PM ET

    Stocks moved higher as a fallback in oil prices and a recovery in financial shares helped reverse an earlier decline.

  • Stock Market: Is It Over Sold? Tuesday, 24 Jun 2008 | 12:31 PM ET

    Strategas Research analysts today say the market looks oversold and could be setting up for a short-term rally. In a note today, the firm looked at the record level of short interest and other factors. Last week, the percent of short interest on the NYSE was at 4.2 percent, an all time high.

  • Stock Prices Recover From Morning Selloff Tuesday, 24 Jun 2008 | 9:52 AM ET

    Stocks moved higher as a fallback in oil prices and a recovery in financial shares helped reverse an earlier decline.

  • Futures Off Lows on Housing Report Tuesday, 24 Jun 2008 | 9:07 AM ET

    U.S. stock index futures pointed to a lower open for Wall Street Tuesday -- the first day of the two-day Federal Reserve interest-rate meeting -- after package-delivery company UPS said after the bell Monday its profit would miss market expectations.

  • Hanging On By A Thread Monday, 23 Jun 2008 | 5:54 PM ET

    The Dow ended little changed on Monday as renewed concerns about the outlook for financial shares offset gains in energy stocks. What's the "Word on the Street?"

  • Low Volume, Lots of Damage Monday, 23 Jun 2008 | 5:23 PM ET

    It was a low volatility, low volume day, but regardless: there was a lot of damage done.

  • Stocks End Mixed as Financials Suffer Monday, 23 Jun 2008 | 4:19 PM ET

    Stocks wavered as oil's relentless ascent boosted energy stocks but a sharp drop in financials and autos curbed gains.

  • More Wall Street Firms to Be Bought Up: Analyst Monday, 23 Jun 2008 | 3:53 PM ET

    More Wall Street firms, facing the specter of tougher regulation and slumping capital markets, will follow the path of Bear Stearns and be forced into the arms of deposit-rich commercial banks, veteran banking analyst Charles Peabody told Reuters.

  • Job Losses Likely to Grow, Fueling Economic Gloom Monday, 23 Jun 2008 | 3:30 PM ET

    Unemployment, which has been relatively benign during the economic downturn, is expected to become a bigger problem.

  • Stocks Waver as Autos, Financials Curb Gains Monday, 23 Jun 2008 | 3:01 PM ET

    Stocks wavered as oil's relentless ascent boosted energy stocks but a sharp drop in financials and autos curbed gains.

  • Financials Skid; Oil Boosts Energy Stocks Monday, 23 Jun 2008 | 1:31 PM ET

    The market's dollar-fueled  rally fizzled as oil resumed its ascent and weakness in financials seeped into the broader market.

  • Citigroup Halfway Done With Staff-Cutting Plan Monday, 23 Jun 2008 | 11:02 AM ET
    Citigroup Center

    Citigroup is about half-way through cutting 10 percent of the 65,000 employees in its investment banking unit, a person familiar with the job cuts said Monday.

  • Dollar-Fueled Rally Fizzles; Banks Slide Monday, 23 Jun 2008 | 10:27 AM ET

    The market's dollar-fueled  rally fizzled as oil resumed its ascent and weakness in financials seeped into the broader market.

  • Oil Whipsaws, S&P Flat as Quarter End Looms Monday, 23 Jun 2008 | 9:38 AM ET

    Oil was trading up early in the morning, despite the Saudis agreeing to raise oil production 200,000 barrels a day -- however, after the dollar had been strengthening, oil began moving down. Gold also weakened, down 2.7 percent.

  • Citigroup To Cut 10% of Investment Bank Unit: Reports Sunday, 22 Jun 2008 | 10:02 PM ET
    The Citibank logo is shown on a branch office Wednesday, April 11, 2007 in New York. Citigroup Inc., which includes Citibank, announced Wednesday that it will eliminate about 17,000 jobs as part of a companywide restructuring to reduce costs and improve profits. (AP Photo/Mark Lennihan)

    Citigroup is set to slash about 6,500 jobs in its investment banking division, the Wall Street Journal said on its website on Sunday.

  • Stop Trading!: What's Killing the Banks? Friday, 20 Jun 2008 | 3:23 PM ET

    One of this sector's last lines of defense in the market is falling through.

  • Bank Worries Ripple Through the Market Friday, 20 Jun 2008 | 12:02 PM ET

    Stocks fell sharply Friday, with volatility expected to remain high due to the expiration of options, oil prices continuing their climb and bank worries slamming the financial sector.

  • Financials Lead Sell-Off Amid Bank Worries Friday, 20 Jun 2008 | 10:48 AM ET

    Stocks fell sharply Friday, with volatility expected to remain high due to the expiration of options, oil prices continuing their climb and bank worries slamming the financial sector.

  • Market Insider: Friday Look Ahead Thursday, 19 Jun 2008 | 9:35 PM ET

    A blast of negativity surrounds the financials this morning and is dragging stocks lower on what promises to be a volatile day.

  • Sell Block: Goldman's Bank Hit List Thursday, 19 Jun 2008 | 7:02 PM ET

    These names are going down, so steer clear.