Banks Bounce Back as Citi and Bank of America Hurt Markets
New York stocks edged higher after a choppy session driven by Citi and Bank of America losses. Investors welcomed government capital support and loan guarantees while weighing ongoing banking woes against potential recoveries for consumer and industrial shares.
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New York
Wall Street
Citigroup Inc
Bank of America Corp
Alan Gayle
Ridge Worth Investments
Citi
Bank of America
Merrill Lynch & Co
Citigroup
Circuit City to close 567 U.S. stores in bankruptcy sale failure
Circuit City Stores Inc will liquidate 567 U.S. locations after failing to secure a sale or refinancing. Judge Kevin Huennekens approved the liquidation plan as 30,000 jobs are cut. Buyers eyed 350 to 180 stores but financing and vendor support fell short.
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Circuit City Stores Inc
KB Toys
Mervyns LLC
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Latin America
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BP PLC
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Terra
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