Citigroup Posts $10 Billion Q4 Loss Amid Slumping Economy
Citigroup Inc reports a $10 billion loss in the last quarter of 2007 driven by ad bets on mortgages. The firm cuts 4,200 jobs and slashes its dividend as it seeks foreign investment, dragging the Dow and wiping nearly $10 billion from its market value. Shares fall to a five year low after a $19.1 billion writedown.
MENTIONED IN THIS ARTICLE
NEW Turk
Citigroup Inc
Citi
Nyse Naspaa
Gaines
Ruses
Sete Tein
Lenttenst
Prunsena
Soman
Seeatoos
Necoions
Sat
Ara Bae Saar Cr Royfns
Caen
Nas Se
Ae Prosar
Prusognabs
Shin
Siear
Conougn
Iso
Isa Sen
Ewe Sias Roze
Toe
O Wong
Sbczomnomie
Optien
Reston
Rae Sagat
Wate Sen
Yano
Dury _ sal
Arehanges
Sasasento
Ives
Ieee
Wim
Lspree Fist
Taooat
Lage Hare Amn
Fuccos
Brena Br Sa
Climbers Lost on Mount Hood Reach Safety After Storm
Justin Wates and Matthew Pitts of Portland were caught in whiteout on Mount Hood while aiming for Timberline Lodge. They spent a night in a snow cave from about 5,000 feet and called searchers by cell phone Tuesday morning after failing to reach the lodge from 10,000 feet.
MENTIONED IN THIS ARTICLE
Jimberline Lodge
Ore
Mount Hood
Justin Wates
Matthew Pitts
Portland
Timberline Lodge
Romney wins Michigan primary boosts waning campaign
Mitt Romney captured Michigan on a primary day that drew scant turnout amid a lackluster Democratic race. He defeated John McCain while Mike Huckabee trailed and Fred Thompson waited for South Carolina. Clinton won the Democratic contest in a largely symbolic vote with Obama and Edwards absent from the field.
MENTIONED IN THIS ARTICLE
Detroit
Mitt Romney
Michigan
South Carolina
Romney
Massachusetts
John McCain
Arizona
Mike Huckabee
Arkansas
Tennessee
Fred Thompson
Associated Press
Nevada
Florida
McCain
Hillary Rodham Clinton
Clinton
Barack Obama
John Edwards
MSNBC
Obama
Rae
Rice hails Iraq move toward national reconciliation
Secretary of State Condoleezza Rice praised Iraq's national reconciliation after parliament approved a law allowing former Baath party members to reclaim government jobs or pensions. She called the step a forward move and urged sustained effort during Bush's final year in office.
MENTIONED IN THIS ARTICLE
Baghdad
Condoleezza Rice
Iraq
Saddam Hussein
Baath Party
Bush
U.S
Hoshyar Zebar
Rice
Bush warns oil prices threaten U.S. economy in Mideast trip
President Bush on a eight day Mideast visit urged OPEC to raise output as oil prices rise, while Saudi Arabia signaled production remains normal. He and Condoleezza Rice pressed Arab states to push Israel toward a peace accord before his term ends, though Saudi officials questioned what more could be done.
MENTIONED IN THIS ARTICLE
Aiyadh
Saudi Arabia
Bush
U.S
OPEC
Condoleezza Rice
Israel
Rice
Explosion targets U S Embassy vehicle in Beirut
An explosion struck an armored U S Embassy SUV in northern Beirut ahead of a farewell reception. At least three Lebanese died and an American bystander plus a local embassy employee were injured as the blast damaged the vehicle and several other cars. State Department and Lebanese officials reported no Americans were in the car.
MENTIONED IN THIS ARTICLE
Lebanon
U.S
Beirut
State Department
Sean McCormack
Washington
D.C
Also Mentioned on This Page
Citigroup
Aypha
Justin Vates
Edwards
First Lady
Mass
Ann
Sao
Commarea
Tuesday’s Market In Review
Industrials
Dany Dow Jones
Tone
Sun Teak
Owen Faschar
Walatk
EaPaih
Doge Cox
Anand Tas
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