UPS, DuPont, TI - Latest To Trim Outlook After Q2 Earnings Reports

Global economic uncertainty and the dreaded fiscal cliff have taken a toll on American consumer demand, affecting second-quarter revenues and urging companies to dim their forecasts. DuPont and Co, Texas Instruments, Inc. and United Parcel Service, Inc. are the latest to do so.

Former Citigroup CEO: It's Time to Break Up The Big Banks

Former Citigroup chief executive Sanford I. Weill, one of the most important players in the deregulatory push of the 1990s that repealed the Glass-Steagall Act and allowed the formation of too big to fail banks, said on CNBC Wednesday morning that the nation's financial supermarkets should be split up by government mandate.

Facebook IPO Jinx Falls: Palo Alto, Kayak Soar

Two months after the trading fiasco in the initial public offering of Facebook (Nasdaq: FB), the No. 1 social networking site, tech IPOs are soaring again. Palo Alto Networks (Nasdaq: PANW) and Kayak Software (Nasdaq: KYAK) shares soared in their IPOs.

US Regultors Probing Into The Escalating Libor Scandal

Taking inspiration from global regulatory investigations into the interest rate manipulation, the U.S. is now building strong evidence of criminal wrongdoings against big banks and individuals ensnared in the heart of the scam.


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The Rebirth Of General Growth Properties

General Growth Properties (NYSE: GGP), the second-largest public U.S. mall landlord, is living up to its name once again. After exiting bankruptcy in 2010, the Chicago-based company's shares hit a new all-time high of $18.49 on Friday.
Citibank to lose billions

Citibank India Reports 35% Surge In FY12 Net Profit

The Indian division of the U.S.-based Citibank Tuesday reported a 35 percent rise in its net profit in 2011-2012 fiscal year, driven by robust growth in their corporate and retail banking and mortgage businesses, the bank said in a statement.

British, US Banks Fall Hard On News of Barclays Fraud

Investors in Barclays PLC (NYSE: BCS) (London: BARC) lost over £4 billion Thursday as the British bank lost one-sixth of its market capitalization a day after international regulators announced the bank would have to pay hundreds of millions as a fine for an audacious price-fixing fraud some of its traders were found to have engaged in.