Citi posts $1.3 billion profit as losses and revenues fall
Citigroup Inc posted a $1.3 billion quarterly profit on Tuesday, as losses on bad loans fell, but the bank missed estimates on its earnings as it struggled with a slump in revenue.
Blockbuster asks bondholders for more money: report
Video rental chain Blockbuster Inc has asked bondholders for an additional $200 million to $250 million to help with its exit from bankruptcy protection, the Wall Street Journal said on Monday, citing people familiar with the matter.
Top Pre-Market Earnings on Jan. 18
The companies that reported earnings before the markets opened on Tuesday are: Citigroup, Forest Laboratories, Comerica, Delta Air Lines and TD Ameritrade.
Jobs' Health Casts Shadow Over Apple Earnings
Apple is set to report earnings today, and analysts are expecting revenue to jump to as much as $24 billion, a rise of 55 percent over the year-ago quarter. But the thought of the company without Steve Jopbs is casting a pall over the good news.
Clinton lauds Sudan vote, long count starts
The United States is awaiting official results of Sudan's referendum on whether to split the country into two, Secretary of State Hillary Clinton said on Monday.
Gold Stocks: Stick with Juniors and Avoid Large Caps
In covering the gold sector, I have noticed something lately. The large-caps really suck! Ok, that is harsh but it is the truth. The chart below shows the large-cap indices. What do you see? The Dow Jones Precious Metals Index hasn't gone anywhere for five years, while Gold has more than doubled.
India's Strides Arcolab gets FDA approval to sell Adenosine injection in US
Indian pharmaceutical company Strides Arcolab on Tuesday said it got the United States Food and Drug Administration (FDA) approval to sell an additional package size of Adenosine injection used for treating cardiac diseases.
Cambridge University most preferred by Britain’s top employers in 2011
A report from market research firm High Fliers identifies the most preferred universities among the UK's top recruiters
Tim Cook, the man Apple CEO Steve Jobs trusts
Apple's Chief Operating Officer Tim Cook is again at the helm, after CEO Steve Jobs announced that he is going on a medical leave.
China's Premier vows to tackle lending frenzy
Chinese Premier Wen Jiabao vowed on Tuesday to slam the brakes on a credit surge at the start of this year, following reports that the central bank has cut the 2011 lending target for banks by 10 percent.
Iamgold posts sequential rise in Q4 production
Mid-tier producer Iamgold Corp (IMG.TO) posted a 21 percent sequential rise in gold production in the fourth quarter and reaffirmed its 2011 production outlook. The Toronto-based company said on Monday it expects to produce 1.1-1.2 million ounces in 2011, at cash costs of $565-$595 an ounce.
African Barrick Gold misses 2010 output target
African Barrick Gold (ABGL.L) said fourth-quarter output rose from the preceding quarter as its new Buzwagi mine overcame production difficulties by mid-November, but missed its overall output target for the year.
Citi posts $1.3 billion profit as revenues fall
Citigroup Inc posted a $1.3 billion quarterly profit on Tuesday, as losses on bad loans fell, but the bank missed estimates on its earnings as it struggled with a slump in investment banking revenue.
Gold gains for second day, gold bar premiums in Asia hit new two-year high
Gold priced in US dollars rose for a second day on Tuesday. Reflecting the improved consumer appetite for gold in Asia, premiums for gold bars rose on Monday to hit another two-year high as jewelers from China rushed to buy ahead of the Lunar New Year, while purchases from the electronics sector helped stir up physical trading in Japan, dealers said.
S&P and Dow futures up but Apple weighs on Nasdaq
S&P and Dow index futures were higher on Tuesday as investors were upbeat about corporate earnings, but Nasdaq futures were weighed by Apple after the iPad maker said its chief executive was taking another medical leave.
Greece not seeking debt repayment extension: source
Greece is not in talks to stretch out repayment of its entire outstanding debt, a finance ministry official, who requested anonymity, said on Tuesday.
World stocks at high, euro jumps on ZEW
- World stocks hit a fresh 28-month high on Tuesday, while the euro climbed on new evidence of robust growth in Germany and signs that policymakers will eventually firm up plans to ease the euro zone's debt crisis.
New software to delete personal Facebook photos
A German company is poised to launch software allowing users to have photos uploaded to websites such as Facebook, MySpace and Flickr erased automatically after a certain time.
Olazabal named Europe's Ryder Cup captain
Spain's Jose Maria Olazabal was named the next captain of Europe's 2012 Ryder Cup team, on Tuesday.
Germany continues to enjoy strong investor confidence
Even as the rest of Europe remains on an edge about its economic recovery, Germany continues to post strong growth, as shown by the German investor confidence indicator on Tuesday.
Pirate attacks at 7-yr high last year, mostly led by Somali gangs
Pirate attacks on ships worldwide hit a seven year high in 2010 and a record number of crew were taken hostage, a maritime watchdog body said, despite increased patrolling of the seas.
Austrian emissions registry shut due to hacking
The Austrian emissions trading registry has been closed until further notice due to a hacker attack on January 10, it said on its website.
Nadal begins 'Rafa slam' quest with centre court mismatch
Rafa Nadal opened his Australian Open campaign with a nasty, brutish and quick demolition of Marcos Daniel on Tuesday that ended after 46 minutes when the Brazilian journeyman retired injured.
Jaipur literary festival to show India's global role
Asia's largest literary festival kicks off this weekend in a historic Indian city, a testament to the growing global influence of Indian literature and its appeal to both publishers and authors.
Suicide bomber kills 42 police recruits in Iraq
A suicide bomber wearing a vest filled with explosives attacked Iraqi police recruits on Tuesday in former dictator Saddam Hussein's hometown of Tikrit, killing at least 42 and wounding over 100, officials said.
Intel to invest $2.7 billion in Israel chip plant
U.S. chipmaker Intel will invest $2.7 billion over the next two years upgrading its chip plant in southern Israel to produce 22 nanometer technology.
Anand Sharma signals opposition to RBI rate hike
Trade Minister Anand Sharma said on Tuesday monetary policy may not be the right tool to fight high food inflation, in a strong political signal against a rate hike in next week's Reserve Bank policy review.
Firms to give 51.98 bln rupees in retail discounts - source
State-run upstream firms are expected to give a total discount of 51.98 billion rupees ($1.14 billion) to retailers on fuel sales in the Oct-Dec 2010 quarter, up from a year ago, an industry source said on Tuesday
Samsung, Asian tech firms set to step up challenge to Apple
Nimble Asian technology firms led by Samsung Electronics appear well placed to slow the runaway success of Apple, as news of its visionary CEO Steve Jobs taking medical leave battered Apple's shares.
Toyota Motors to develop electric motor sans rare earth
Toyota Motors Corp is developing new type of electric motor which does not require rare earth metals to cut its dependence on rare earth metals and lower costs.