Citigroup Inc posted a fourth-quarter loss of $7.6 billion after taking charges linked to repaying government bailout funds.
Citigroup Inc, reported a loss of $0.33 per share for its fourth fiscal quarter on Tuesday, in line with analysts' expectations, according to data compiled by FactSet.
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.
Citigroup Inc posted a fourth-quarter loss of $7.6 billion after taking charges linked to repaying government funds.
Goldman Sachs is likely to unveil details of multi-million pound bonuses to staff next week, a person familiar with the matter said on Tuesday, after a delay as the row over payouts heats up.
Investment bank Goldman Sachs is likely to unveil the details of multi-million pound bonuses to staff next week, a person familiar with the matter said on Tuesday, after a delay as a row heats up over payouts.
U.S. stock index futures slipped on Tuesday as Kraft Foods Inc reached a deal to acquire Cadbury and earnings season picked up steam.
U.S. stock index futures slipped on Tuesday as Kraft Foods Inc reached a deal to acquire Cadbury and earnings season picked up steam.
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).
From 2000 to 2009, the S&P 500 averaged a loss 0.82% after the Martin Luther King Jr. Day holiday in the United States.
Profits from top U.S. technology companies like IBM and financial companies like Goldman Sachs Group Inc this week could help stocks gain as long as investors see room for more profit growth.
Credit Suisse will increase the headcount in its prime brokerage team in Asia by 15 percent to 20 percent in 2010 as it aims to win business from the increasing number of global hedge funds eager to set up base in the region, a senior official at the Swiss bank said.
China XD Electric Co , the nation's largest electricity transmission and distribution equipment maker, plans to raise as much as 10.27 billion yuan ($1.5 billion) in the country's first major initial public offering this year.
Citic Securities Co , China's biggest listed brokerage, said its wholly-owned fund unit China Asset Management Co had been punished by regulators for failing to comply with stake ownership rules.
The New York Federal Reserve Bank actively worked with bailed out insurer AIG to build a case against disclosing details of AIG's payments to banks just days after the insurer considered making them public, documents released late on Saturday showed.
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.
The top executive of Citadel Investment Group's investment banking unit has left the firm, a company spokeswoman confirmed on Saturday.
First-round bids for the debt-ridden MGM studio were due Friday afternoon, but most of the bids are expected to trickle in through the weekend, sources familiar with the matter said.
Despite better than expected JPMorgan earnings, the S&P 500 index dropped 12.43 points, or -1.08%, to trade at 1136.03 after weak economic data on the retail sector.
Stellar results from Intel Corp could signal brighter tech earnings results in coming weeks, but analysts warn stocks themselves may be stuck in a short-term correction.
JPMorgan Chase & Co reported deep losses on mortgage and credit card loans in the fourth quarter, damping hopes that consumer credit is on the mend.
General Motors Co disclosed on Friday that director Stephen Girsky is receiving compensation worth $900,000 per year plus expenses to act as a special adviser to Chairman and Chief Executive Ed Whitacre.