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Citi Posts $2.5B 2Q Loss Amid Soaring Loan Defaults

Fri, 18 Jul 2008 11:29:30 GMT

Citigroup posted a $2.5 billion loss in the second quarter.

Mixed End to Solid Week on Wall Street

Matt Egan — Fri, 18 Jul 2008 10:12:46 GMT

The stock market closed on Friday with a mixed picture as subpar earnings sent the Nasdaq Composite sharply lower but the Dow built on what was its best week in three months.

Thursday's Earnings Deluge

Thu, 17 Jul 2008 12:11:14 GMT

Coca-Cola Enterprises, JPMorgan Chase and others report earnings today.

Encore: Dow Soars 207 on Oil, Earnings

Matt Egan — Thu, 17 Jul 2008 11:30:20 GMT

The Dow was about 150 points higher Thursday afternoon as the market enjoyed a string of better-than-expected earnings reports and the largest three-day drop for crude oil prices ever.

EBay 2Q Profit Soars, Beating Expectations

Wed, 16 Jul 2008 20:49:56 GMT

Online auctioneer eBay reported Wednesday that its earnings jumped by 22% in the second quarter of 2008.

Sky Not Falling: Dow Surges 276 Points

Matt Egan — Wed, 16 Jul 2008 12:10:51 GMT

Just a day after the Dow sank below 11,000 for the first time in two years, the blue chips soared more than 250 points on a big day for banks while celebrating another tumble in crude oil.

General Motors Announces Job Cuts, Suspends Dividend

Tue, 15 Jul 2008 12:45:17 GMT

General Motors send Tuesday that it would layoff workers, cut truck production, suspend its dividend, and borrow $2B in a bid to sharply cut costs.

FDIC Chair: Banking System 'Absolutely Safe"

Tue, 15 Jul 2008 12:18:19 GMT

After the government seized control of IndyMac, the FDIC chairwoman assured Americans the banking system is safe.

Dollar Dips to New Low Against the Euro

Tue, 15 Jul 2008 11:52:39 GMT

The U.S. dollar sunk to a new low against the Euro on Tuesday.

GM to Announce More Job Cuts Amid Falling U.S. Sales

Tue, 15 Jul 2008 11:48:20 GMT

General Motors is expected to announce further job cuts in a bid to cut costs as U.S. sales fall.