S&P Picks and Pans: Citigroup, Google, Merrill Lynch, IBM - BusinessWeek
Citi posts second quarter operating loss of $0.49, vs. EPS of $1.25, $0.11 narrower than our loss estimate. Results are after $7.2 billion in pre-tax securities write-downs and a $4.5 billion increase in credit costs. Notably, securities write-downs ...
Citigroup plunges into red on further write-downs - Daily Telegraph
Citigroup plunged $2.5bn into the red in the second quarter of the year, after charging a further $14.2bn of write-downs and other provisions, and revealed it is looking to shed $440bn-$500bn of unwanted assets over the next three years. Citigroup ...
Merrill Posts Another Loss; Write-Downs Keep Coming - Wall Street Journal
The past continues to haunt Merrill Lynch & Co. Chairman and Chief Executive John Thain. The brokerage firm's second-quarter loss of $4.65 billion, or $4.95 a share, was one of the worst in Merrill's history and more than twice as steep as the loss ...
Citigroup $2.5 billion loss soothes investors - San Diego Union-Tribune
NEW YORK – Citigroup Inc posted a smaller-than-expected quarterly loss, despite $11.7 billion of write-downs and credit losses tied to deteriorating capital markets and a slumping economy. Though the second-quarter loss totaled $2.5 billion, the ...
Citigroup losses better than expected - International Herald Tribune
NEW YORK : Citigroup posted a smaller-than-expected quarterly loss, despite $11.7 billion (5.85 billion pounds) of write-downs and credit losses tied to deteriorating capital markets and a slumping economy. Though the second-quarter loss totalled $2 ...
