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September 5, 2008 9:20:48 AM CDT

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Stories related to: quarterly reports

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6 Stories

  • April 2008

    • Deutsche Bank Posts $220M Loss—First in 5 Years

      Financial Times (UK)  |  Apr 29, 08 6:41 AM CDT

      Deutsche Bank Posts $220M Loss—First in 5 Years

      (Newser) - Deutsche Bank posted its first quarterly loss in 5 years today, reflecting the impact of the credit crisis on its investment banking activities. Germany's largest bank reported a net loss of $220 million and admitted that the short-term outlook for the firm remained highly uncertain. Deutsche also took $4.2 billion in writedowns, writes the Financial Times . More »

      Tags

      Germany  • credit crisis  • Deutsche Bank  • first quarter earnings  • quarterly reports

    • Credit Suisse Posts $2.1B Loss

      Financial Times (UK)  |  Apr 24, 08 4:39 AM CDT

      Credit Suisse Posts $2.1B Loss

      (Newser) - Credit Suisse has announced it lost a mammoth $2.1 billion in the first quarter, reports the Financial Times. The Swiss banking group, which until recently appeared to have escaped the worst of the credit crunch, continued to post strong earnings from its private banking sector—but that wasn't enough to outweigh writedowns of $5.2 billion. More »

      Tags

      credit crisis  • writedowns  • first quarter earnings  • Credit Suisse  • quarterly reports

    • Citigroup Posts $5B Loss, Will Cut 9,000K Jobs

      Wall Street Journal  |  Apr 18, 08 7:56 AM CDT

      Citigroup Posts $5B Loss, Will Cut 9,000K Jobs

      (Newser) - Citigroup reported a first-quarter loss of $5.1 billion today, posting another $14 billion in writedowns as a result of the credit crunch and loan defaults, the Wall Street Journal reports. The loss of $1.02 a share exceeded analysts' estimates and marks the second straight quarterly loss for the nation's biggest bank. It plans 9,000 layoffs next quarter. More »

      Tags

      Citigroup  • credit market  • banking  • quarterly reports

  • March 2008

    • Syria Remains Key for Foreign Fighters in Iraq: US

      Associated Press  |  Mar 12, 08 3:08 PM CDT

      Syria Remains Key for Foreign Fighters in Iraq: US

      (Newser) - Syria is a key jumping-off point for foreign militants in Iraq, with 90% entering through the Syrian border, the Pentagon reported yesterday. “It is not clear that Syria has made a strategic decision to deal with foreign terrorists using Syria as a transit point,” the report notes. Meanwhile, Iran's support of Shiite insurgents also remains troublesome, the AP reports. More »

      Tags

      Iraq  • Iraq war  • Iran  • terrorist  • Syria  • Tehran  • militant  • Shiite militia  • Sunni leaders  • quarterly reports  • Damascus

  • December 2007

    • Bear Stearns Posts First Loss

      Bloomberg  |  Dec 20, 07 9:19 AM CST

      Bear Stearns Posts First Loss

      (Newser) - Analysts expected Bear Stearns to post its first-ever loss today, they just expected it to be smaller. After $1.9 billion in subprime writedowns, the company posted a $6.91 loss per share, dwarfing the $1.82 analysts predicted. Executives gave up their bonuses, as revenue from debt sales and trading were wiped out, Bloomberg reports. “They’ve got a myriad of problems,” one analyst said. More »

      Tags

      subprime mortgages  • Bear Stearns  • earnings reports  • writedowns  • quarterly reports

  • October 2007

    • Stocks Dip on Bad Oil News

      Bloomberg  |  Oct 8, 07 3:40 PM CDT

      Stocks Dip on Bad Oil News

      (Newser) - Stocks fell today as oil producers and miners faced fears a slow economy would hamper demand. Crude dropped as low as $78.98 as Columbus Day brought the slowest trading session of the year; the Dow closed at 14,043.73, down 22.28. Exxon and Occidental both saw declines, and copper led tin, lead, aluminum, and nickel into negative territory, Bloomberg reports. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • crude oil  • miners  • Alcoa  • Exxon  • quarterly reports

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