Supermarket chain Safeway Inc posted quarterly profit that beat Wall Street expectations as it cut costs to help counteract declining food prices, sending its shares up nearly 8 percent on Thursday.
Citigroup Inc posted a quarterly per-share loss as it suffered $8 billion of credit losses, raising questions about when the bank can return to sustained profitability.
Goldman's Gold; Opel Deal Nearly Done; Housing Boost
Wall Street was set for a lower open on Thursday after quarterly results from Goldman Sachs Group and Citigroup Inc failed to live up to expectations some investors had for financial sector shares.
Goldman Sachs Group Inc quarterly earnings nearly quadrupled, topping expectations, but its shares fell on disappointment that so much of the profit came from trading gains that might not be sustainable.
Citigroup Inc posted a quarterly loss to shareholders as it suffered $8 billion of credit losses, raising further questions about the future of the bank that is one-third owned by the U.S. government.
Citigroup Inc (C.N) posted a quarterly loss to shareholders as it suffered $8 billion of credit losses, raising further questions about the future of the bank that is one-third owned by the U.S. government.
U.S. Treasuries prices trimmed losses as U.S. stock index futures turned lower after Goldman Sachs Group (GS.N) reported its third-quarter results.
Stock futures fell on Thursday after quarterly results from Goldman Sachs Group and Citigroup Inc failed to live up to expectations some investors had for financial sector shares.
Consolidation in the private banking industry picked up pace on Thursday, creating fresh players in the Asian and British wealth management sectors and reshaping how the rich manage their money around the world.
Bruce Wasserstein, the legendary Wall Street deal maker identified with an era of no-holds-barred takeover battles, has died at the age of 61. His death leaves major questions about the future direction and leadership of Lazard Ltd., the investment bank he headed.
Goldman Sachs Group Inc posted better-than-expected quarterly earnings, fueled by outsized bond trading profits.
Goldman Sachs Group Inc posted better-than-expected quarterly earnings, fueled by outsized bond trading profits.
European shares hit a fresh one-year high on Thursday, with analysts pointing to third-quarter earnings beating forecasts, though mobile phone giant Nokia (NOK1V.HE) bucked the trend. At 1041 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was up 0.5 percent at 1,021.65 points, having risen as far as 1,022.26, the highest since Oct. 7, 2008.
Britain's top share index was 0.1 percent lower by mid-session Thursday, weighed on by weaker commodity stocks as metal prices fell, ahead of results from U.S. banks Citigroup (C.N) and Goldman Sachs (GS.N)
U.S. stock index futures were flat on Thursday, a day after the Dow Jones industrial average .DJI topped the key 10,000 level and ahead of quarterly results from Goldman Sachs and Citigroup.
Stock futures were flat on Thursday, a day after the Dow Jones industrial average topped the key 10,000 level and ahead of quarterly results from Goldman Sachs and Citigroup.
U.S. stock index futures pointed to a slight increase in equities on Thursday after the Dow Jones Industrial average index pierced the 10,000 level in the previous session.
A lawyer for former Bear Stearns hedge fund manager Ralph Cioffi on Wednesday vigorously defended him against prosecution allegations he repeatedly lied to investors early in the financial crisis, describing as ridiculous one charge of insider trading.
(Corrects by adding dropped words him against in paragraph one)
Calpers, the biggest U.S. public pension fund, said on Wednesday it is probing fees paid by outside money managers to win its business, expanding a review of pay-to-play schemes at public retirement systems that has spread across the nation.
Lazard Ltd Chief Executive Bruce Wasserstein, a legendary dealmaker for more than 30 years, has died, ending an era at one of Wall Street's best-known investment banks.
