Citi’s profit rises 30%, beating estimates
Citigroup reports first-quarter net income rose 30% and beat Wall Street expectations on improved revenue in its capital markets unit .
Financial Stocks: Travelers shares rally; Citigroup drops
Shares of Travelers Cos. rally after the insurance company reports quarterly earnings that exceed Wall Street’s expectations.
Citigroup earnings fall short of Wall Street expectations
Under new leadership, bank's legal expenses rose and it released less money from its loan-loss reserves
Found more than 1 month ago on channel CBS
NewsWatch: Intel, IBM shares turn red after hours
Intel shares fall Tuesday evening, with a quarterly forecast from the world’s largest chip maker disappointing Wall Street, and shares of International Business Machines decline as the tech company’s quarterly sales misses expectations.
PODCAST: Nobel for matchmaking and Sprint Nextel for the taking
Monday, October 15, 2012 - 09:26 Scott Olson/Getty Images Brick and mortar retailers have an idea to compete online rivals like Amazon. They are going to match their prices during the holiday shopping season. This year's Nobel Memorial Prize in Economics goes to Americans Alvin Roth and Lloyd Shapley . The Nobel committee honored them today for their work in quote,"the theory of stable allocations and the practice of market design." Sounds obscure, but it actually turns out to be pretty practical. U.S. retail sales rose 1.1 percent last month . We were spending more on cars, gas and iPhones. Sales of the iPhone 5 helped to juice spending in the electronics category, which grew 4.5%. Citigroup shares are way up in early trading after the bank reported much smaller third-quarter profits but still beat Wall Street expectations. Pardoxically, perhaps, investors may be celebrating the reason for those smaller profits: Citi took a big fat write-down this quarter for selling off its share of ...