Log in to your IBTimes Account

close
ID
Password

Earnings roundup: Citigroup, Xerox



By AP
18 April 2008 @ 10:57 am EST

Among the earnings stories for Friday, April 18, from AP Financial News:

Related Topic

Get stories by e-mail on this topic.

E-mail:
Quotes
C 15.15 -2.26
XRX 8.65 -0.76
WIT 7.62 -1.3
STU 89.6399993896484 -3.9
USTR 43.3300018310547 -0.66
BPOP 7.15999984741211 -0.22

SYMBOL LOOKUP

Top stories:

NEW YORK (AP) Citigroup Inc. lost $5.1 billion during the first quarter and will eliminate about 9,000 more jobs, as poor bets on mortgages and leveraged loans lopped billions of dollars from its investment portfolio.

HARTFORD, Conn. (AP) Xerox Corp. said Friday a litigation charge left it with a loss of $244 million in the first quarter, but its results excluding the one-time item matched Wall Street expectations.

Other stories:

NEW DELHI (AP) Wipro Ltd., India's third-largest software company, said Friday that its profit rose 2 percent from a year ago, amid growth in revenues from India, the Mideast and Asia Pacific.

STAMFORD, Conn. (AP) Student Loan Corp. said Friday its first-quarter earnings fell 66 percent due to reduced loan volume and rising loan-loss provisions.

DEERFIELD, Ill. (AP) United Stationers Inc. said Friday first-quarter earnings matched or fell below year-ago results due to lower sales of office supplies, office furniture and technology products.

NEW YORK (AP) Popular Inc., the parent of Banco Popular, said Friday its first-quarter earnings fell 13 percent due to rising loan-loss reserves.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register



advertisement
More Industries
Days after it got a federal bailout, American International Group Inc. spent $440,000 on a posh California retreat for its executives, complete with spa ...
Bank shares tumbled Tuesday on fears that worse-than-expected third-quarter results by industry bellwether Bank of America Corp. may indicate how others ...
Alcoa Inc., the world's third-largest aluminum producer, on Tuesday reported a 52-percent drop in third quarter profit and said it would conserve cash by...

Advertisement
Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives