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Citi deal boosts its stake in Chile No. 2 bank

Citigroup has increased its stake in a Chilean financial firm that controls the country's No. 2 bank, Banco de Chile, in an operation worth $513 million, the firm's parent company said on Friday.

Microsoft profit bolstered by Windows 7 sales

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Microsoft Corp posted a 60 percent increase in quarterly profit, helped by strong sales of its new Windows 7 operating system, and said it expected business technology spending to recover this year.
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Stocks set for lower open on bank unease

U.S. stocks were poised for a lower open on Wednesday on reports of bank lending restrictions in China and as quarterly results from three big U.S. banks raised uneasiness about the state of the sector.
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Stock futures drop on bank earnings jitters

U.S. stock index futures fell on Wednesday on reports of bank lending restrictions in China and as quarterly results from a host of U.S. banks increased uneasiness about the state of financial companies.
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Stock futures slide on unease over bank earnings

U.S. stock index futures fell on Wednesday on reports of bank lending restrictions in China as earnings reports from a host of U.S. banks increased uneasiness about the state of financial companies.
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Analysts expect BofA loss amid credit, TARP

Bank of America Corp likely will post another loss when it reports fourth-quarter earnings on Wednesday, as banks continue to grapple with their problems loans and a weak economy.
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Citigroup Q4 loss narrows

Citigroup Inc posted a $7.6 billion quarterly loss on costs related to TARP repayment and still high loan losses, but the bank's shares edged higher as some investors saw glimmers of hope.
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Stocks set for weaker open after Citi results

U.S. stocks were poised for a slightly weaker open on Tuesday after quarterly results from Citigroup Inc led to concern about the quality of financial sector earnings as reporting season ramps up.
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Stock futures mixed; all eyes on Citigroup

Stock index futures pointed to a mixed open on Wall Street on Tuesday as U.S. markets reopen after a long holiday weekend, with futures for the S&P 500 down 0.04 percent, Dow Jones futures down 0.07 percent and Nasdaq 100 futures up 0.2 percent at 1030 GMT (5:30 a.m. EST).
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Saudi shareholder says supporting Citi's CEO

Prince Alwaleed bin Talal, a prominent Saudi investor in Citigroup , on Sunday re-affirmed his support for the bank's chief executive, Vikram Pandit, who he has said faces a make-or-break year.
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JPMorgan investment bankers to see record payday

JPMorgan Chase & Co on Friday announced a record $9.3 billion payday for its investment-banking employees, setting the stage for competitors like Goldman Sachs Group Inc to also make eye-popping payouts.
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JPMorgan loan losses overshadow higher profit

JPMorgan Chase & Co reported deep losses on mortgage and credit card loans in the fourth quarter, dashing hopes that consumer credit is on the mend and sending the bank's shares down 2.1 percent.
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JPMorgan profit soars on investment banking

JPMorgan Chase & Co reported better-than-expected fourth-quarter profit on Friday, but losses on mortgages and commercial loans continued to rise and its shares fell nearly 2 percent in premarket trading.
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Treasury needs plan for selling TARP assets: watchdog

The Treasury Department will own billions of dollars worth of financial assets when a taxpayer-financed bailout program is over and has not set clear principles for disposing them, a government watchdog agency said on Thursday.
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U.S. banks to report weak earnings, better outlook

Fourth-quarter U.S. bank results will show anemic lending and still-rising credit losses, but investors are focused more on 2010 outlooks for signs that the fledgling recovery might take hold this year, analysts said.

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