The Obama administration thinks it can avoid nationalizing U.S. banks that are currently under scrutiny to see how well they would fare if the recession were worse than expected, the White House said on Sunday.
A torrent of earnings threatens to swamp Wall Street's impressive rally next week, as results so far have shown the corporate outlook remains murky and investors worry that better-than-expected results from banks still don't prove the sector is stable.
Stocks rose on Friday, with the Dow scoring its biggest six-week gain since July 1938, helped by a reassuring report on the mood of consumers and stabilization in General Electric and Citigroup's quarterly results.
Stocks rose on Friday, capping the S&P 500's longest weekly winning streak since 2007, helped by a reassuring report on the mood of consumers and stabilization in General Electric and Citigroup's quarterly results.
Citigroup reported better-than-expected results as an accounting benefit for distressed companies, cost-cutting and improved trading results helped offset red ink from consumer lending and credit cards.
Stocks rose on Friday, capping the S&P 500's longest weekly winning streak since 2007, helped by a reassuring report on the mood of consumers and stabilization in General Electric and Citigroup's quarterly results.
Stocks rose on Friday, capping the longest weekly winning streak since 2007, helped by a reassuring report on the mood of consumers and stabilization in General Electric and Citigroup's quarterly results.
Stocks rose on Friday, with sentiment boosted by fresh signs of economic stability and investors bet more strong results are in the offing after reassuring reports from General Electric and Citigroup .
Stocks rose on Friday, putting the benchmark S&P 500 on course for a sixth straight weekly gain, as an upbeat consumer survey added to hopes of economic stabilization and investors bet on strong results ahead following reports of General Electric and Citigroup.
Stocks rose on Friday as an upbeat consumer survey fueled hopes that the U.S. economic slump may be moderating and investors bet on strong results ahead following reassuring reports from General Electric and Citigroup .
Citigroup Inc reported a smaller-than-expected first-quarter loss for shareholders as cost-cutting and improved results in investment banking and trading helped to offset red ink from consumer lending and credit cards.
Citigroup Inc reported a smaller-than-expected first-quarter loss for shareholders as cost-cutting and improved investment banking and trading results helped offset red ink from consumer banking and credit cards.
Stocks fell on Friday as investors paused to reassess the sustainability of the recent spate of upbeat profits and whether or not the banks have turned a corner, following mixed results from Citigroup .
After nearly two years in the financial wilderness, what was once America’s largest bank is making a profit again, reporting its “best overall quarter” since the financial crisis began, with a net income of $1.6 billion for the first three months of 2009, Chief executive Vikram Pandit said in a company report released Friday.
Stocks fell on Friday as investors paused to reassess the sustainability of the recent spate of upbeat profits and whether or not the banks have turned a corner, following mixed results from Citigroup .
Citigroup Inc said cost-cutting and improved results from investment banking and trading led to a substantially smaller first-quarter loss, despite a big increase in credit costs from consumer banking and credit cards.
S&P 500 and Dow stock index futures pointed to a higher open as Citigroup and General Electric posted better-than-expected quarterly results, providing further evidence that the severe U.S. economic downturn could be abating.
Stock index futures were flat after shares of Citigroup and General Electric posted better-than-expected quarterly results, providing further evidence that the severe U.S, economic downturn could be abating.
Citigroup Inc posted a first-quarter loss on Friday, reflecting a large amount of credit losses and the accounting for preferred stock.
U.S. stock index futures were flat to lower after shares of Citigroup and General Electric edged higher following quarterly results from both Dow components.
Asian stocks rose on Friday after results from JPMorgan and Google kept shares on track for a sixth week of gains, while the euro fell to a one-month low on uncertainty over what non-standard policy action the European Central Bank will enact.
Citigroup was sued on Thursday by Braintree Laboratories Inc over its sale of auction rates securities. The suit claims that bank sold $33.2 million of the ARS as money market instruments
