GO
Loading...

Citigroup Inc

More

  • Bank of America quarterly profit drops 43 percent Wednesday, 16 Jul 2014 | 9:30 AM ET

    Mortgage revenue fell and litigation costs increased for Bank of America in the second quarter.

  • UPDATE 2-Murdoch's Fox hunting Time Warner Wednesday, 16 Jul 2014 | 8:35 AM ET

    *Murdoch determined to pursue Time Warner- NYT. July 16- Rupert Murdoch's 21st Century Fox said it made a bid to buy media conglomerate Time Warner Inc but was rebuffed. Time Warner's stock jumped 22.5 percent to $87 premarket as the New York Times reported that Murdoch was determined to buy Time Warner and was unlikely to walk away despite the rejection.

  • Time Warner rejects $80B offer from 21st Century Fox Wednesday, 16 Jul 2014 | 7:45 AM ET
    The Time Warner Center in New York City.

    Twenty-First Century Fox made an $80 billion takeover bid in recent weeks for Time Warner but was rebuffed, sources said. The New York Times reports.

  • July 16- Bank of America Corp, the second-largest U.S. bank by assets, reported a 43 percent drop in second-quarter profit as mortgage revenue fell and litigation costs soared. Bank of America's shares, which have barely moved this year, fell slightly to $15.68 in premarket trading on Wednesday.

  • Bank of America takes $4 billion litigation hit Wednesday, 16 Jul 2014 | 7:25 AM ET

    NEW YORK— Bank of America said Wednesday that its second-quarter earnings were hit by higher litigation expenses. Bank of America also said that it had reached a $650 million settlement Tuesday with American International Group Inc. to resolve all outstanding residential mortgage-backed securities litigation between the two companies.

  • Big banks crush earnings expectations. But how? Wednesday, 16 Jul 2014 | 6:00 AM ET
    JP Morgan Chase World Headquarters on Park Avenue in New York.

    For the first time in recent memory, Main Street borrowing and spending has been a bigger driver of earnings than Wall Street's trading.

  • MILAN- July 16- Italy's GTECH will buy U.S. slot machine maker International Game Technology for $6.4 billion including debt, shifting the lottery operator's centre of gravity away from its struggling domestic market.

  • European shares buoyed after miners receive China boost Wednesday, 16 Jul 2014 | 4:04 AM ET

    Dutch blue chip toolmaker ASML, down 1 percent, and Swedish telecoms firm Tele2, down 1.1 percent, both reported better-than-expected quarterly earnings but had a cautious tone for their full-year outlook statements. Analysts at Espirito Santo said that "uncertainty remains high" for Tele2.

  • European shares rise as miners buoyed by China growth Wednesday, 16 Jul 2014 | 3:13 AM ET

    EDINBURGH, July 16- European shares gained in early deals on Wednesday, buoyed by strength in miners after Chinese growth slightly beat expectations, hinting at resilient demand in the world's largest metals consumer.

  • July 16- Italian lottery operator GTECH SpA said it will buy Las Vegas- based slot machine maker International Game Technology for $4.7 billion in cash and stock to increase its scale and offerings in the global gaming market. The company has received binding commitments of $10.7 billion from Credit Suisse, Barclays and Citigroup to finance the deal.

  • NEW YORK, July 15- JPMorgan Chase& Co, the second-largest U.S. mortgage lender, is backing away from making home loans to less creditworthy borrowers after losing faith in its ability to recover much money from foreclosing on homes, even with government guarantees.

  • Stocks mixed, with Nasdaq hit by valuation worry Tuesday, 15 Jul 2014 | 4:46 PM ET
    Trader on the floor of the New York Stock Exchange.

    Stocks fell Tuesday after Federal Reserve Chair Janet Yellen said the central bank could hike rates sooner than expected.

  • Bonds flat on steady policy message from Yellen Tuesday, 15 Jul 2014 | 3:38 PM ET
    A trader signals an offer in a Treasury note options pit at the CME Group in Chicago.

    Treasurys whipsawed after congressional testimony from Fed Chair Janet Yellen indicated concern over 'substantially stretched' asset prices.

  • NEW YORK, July 15- JPMorgan Chase& Co, the second-largest U.S. mortgage lender, is backing away from making home loans to less creditworthy borrowers after losing faith in its ability to recover much money from foreclosing on homes, even with government guarantees.

  • Alpha addict: The amazing career of Leon Cooperman Tuesday, 15 Jul 2014 | 12:49 PM ET
    Leon G. Cooperman, chairman and chief executive officer of Omega Advisors Inc. in 2007.

    His days start at 5:15 a.m. and end at 11 p.m. But the long hours more than pay off for Leon Cooperman, the billionaire founder of Omega Advisors.

  • Europe shares close lower; Fed's Yellen in focus Tuesday, 15 Jul 2014 | 11:41 AM ET

    European shares ended the day lower, with comments from U.S. Federal Reserve Chair Janet Yellen hitting sentiment.

  • Goldman's profit soars amid Wall Street win streak Tuesday, 15 Jul 2014 | 11:38 AM ET

    Goldman Sachs delivered quarterly earnings and revenue that beat analysts' expectations on Tuesday.

  • Goldman posted net income for shareholders of $1.95 billion, or $4.10 per share, in the three months ended June 30, up from $1.86 billion or $3.70 per share in the same period a year earlier. Rival banks Citigroup Inc and JPMorgan Chase& Co said a pickup in trading volume in June helped offset slowness in April and May.

  • JPMorgan sees profit drop, still beats Wall Street Tuesday, 15 Jul 2014 | 10:32 AM ET
    The headquarters of JP Morgan Chase on Park Avenue December 12, 2013 in New York.

    JPMorgan reported an 8 percent drop in profit amid pullback in trading of bonds and currencies, but topped Wall Street estimates.

  • More mixed data does little to clear murky economy Tuesday, 15 Jul 2014 | 10:00 AM ET
    Trader on the floor of the New York Stock Exchange.

    Markets were treated to a plateful of U.S. economic data on Tuesday. As usual, the offerings were mixed as some were benign and others sour.