News Source: Sydney Morning Herald
| about 1 month ago
Mike Mayo said on the conference call, which he hosted. "We have no idea how any analyst could have arrived at this estimate," Citigroup spokesman Stephen Cohen said...On a separate conference call hosted by Morgan Stanley, accounting expert Tony...
News Source: International Business Times
| about 1 month ago
The Dow industrials suffered its worst slide since July on Friday on concerns that the economic recovery won't be robust enough to sustain the seven-month stock rally, while financials sank on renewed worries about Citigroup's balance sheet.
News Source: Seattle Times
| about 1 month ago
Citigroup stock fell 28 cents, or 6.5 percent, to $4.03, in afternoon trading. Mike Mayo said he expects the bank to write down $10 billion in deferred tax assets. Deferred tax assets can emerge from operating losses, and can be used to offset future...
News Source: International Business Times
| about 1 month ago
U.S. stocks slid on Friday as investors worried the economy's recovery might not be sustainable and financials sank as an influential bank analyst projected a $10 billion write-down for Citigroup. Investors unloaded shares across the board.
News Source: Turks and Caicos Free Press
| about 1 month ago
Euronext ( NYX .N)( NYX.PA ), the parent of the New York Stock Exchange, said the delays followed "an inordinate influx" of orders received as Friday's session got under way. Later in the session, the company had to temporarily transfer quote...
News Source: Turks and Caicos Free Press
| about 1 month ago
Euronext ( NYX .N) ( NYX.PA ) beat earnings expectations, and the transatlantic exchange operator announced the sale of a big stake in its U.S. derivatives exchange. The parent company of the New York Stock Exchange said underlying costs dropped 10...