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By Donal Griffin, Bloomberg |
April 15, 2013
Citigroup Inc., the third-biggest U.S. bank, rose in New York trading after first-quarter profit and revenue from fixed-income trading and investment banking exceeded analysts’ estimates.
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By Karl Baker, Bloomberg |
March 5, 2013
Qualcomm Inc. boosted its dividend by 40% and set up a $5 billion share buyback plan, rewarding investors after rising demand for smartphones that run on its technology spurred sales growth.
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By Donal Griffin, Bloomberg |
January 17, 2013
Citigroup Inc., the third-biggest U.S. bank by assets, reported a profit increase that was less than analysts estimated as litigation costs rose and benefits from releasing loan-loss reserves declined.
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By Claudia Carpenter and Inyoung Hwang, Bloomberg |
December 27, 2012
U.S. stocks retreated for a fourth day, while Treasuries gained, as Senate Majority Leader Harry Reid said nothing is happening in budget talks and the nation appears to be headed toward the fiscal cliff.
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By Hugh Son, Bloomberg |
October 17, 2012
Bank of America Corp. reported third-quarter results that were better than some analysts predicted as capital levels improved, and the shares edged higher in New York trading.
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By Donal Griffin, Bloomberg |
October 15, 2012
Citigroup Inc. advanced the most among the largest U.S. banks, reaching a six-month high after reporting a surprise third-quarter profit and a surge in bond-trading revenue that beat analysts’ estimates.
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October 2, 2012
Wall Street banks’ equities-trading units aren’t getting much relief from the strongest stock rally since 2009, as sinking volume and already thin margins threaten to make their annual performance the worst in six years.
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By Christine Harper and Hugh Son, Bloomberg |
September 4, 2012
Shareholders of Wall Street banks who agree with former Citigroup Inc. Chief Executive Officer Sanford “Sandy” Weill that the companies should be broken up face an obstacle: Bondholders.
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By Jordan Robertson, Bloomberg |
August 16, 2012
Cisco Systems Inc., the biggest maker of computer-networking equipment, reported quarterly profit and sales that topped analysts’ estimates as job cuts kept costs in check and price reductions attracted customers.
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By Brian Womack, Bloomberg |
August 16, 2012
Facebook Inc. is freeing up 271.1 million of its shares today, boosting by 60 percent the number that could be traded and adding to concerns that have weighed on the stock since the company’s initial public offering.
