quarterly reports

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Credit Suisse Posts $2.1B Loss
Credit Suisse Posts
$2.1B Loss 
EARNINGS REPORT
Apr 24, 2008 4:39 AM CDT

Credit Suisse Posts $2.1B Loss

$5.2B in writedowns shake Swiss banking group

(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...

Citigroup Posts $5B Loss, Will Cut 9,000K Jobs
Citigroup Posts $5B Loss,
Will Cut 9,000K Jobs
updated
Apr 18, 2008 7:56 AM CDT

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

News is worse than expected for nation's largest bank

(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...

Syria Remains Key for Foreign Fighters in Iraq: US

90% of Iraq's foreign fighters come across neighbor's borders, new report contends

(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,...

Bear Stearns Posts First Loss
Bear Stearns Posts First Loss
Dec 20, 2007 9:19 AM CST

Bear Stearns Posts First Loss

Subprime writedowns hobble 'bond shop,' loss almost four times what analysts expected

(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...

Stocks Dip on Bad Oil News
Stocks Dip on Bad Oil News
Oct 8, 2007 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,...

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