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Concerts on Yahoo make best of industry struggles

Aug 02, 2014 at 05:02 | Source: Economic Times

LOS ANGELES: Sometimes the struggles of an industry can bring music to your ears. And your screens. Live Nation's partnership with Yahoo to stream one live concert every day is a rare win for music fans. The series, which began with the Dave Matthews...

L&T Earnings Raise 'Multiple Red Flags': Citi

Jul 30, 2014 at 12:00 | Source: NDTV Profit

Citigroup downgrades Larsen & Toubro Ltd to "neutral" from "buy", citing "rich" valuations and says Q1 "raises multiple red flags," including lower-than-expected standalo...

Bank of America reports 43% drop in quarterly profits

Jul 16, 2014 at 22:32 | Source: BBC

Bank of America has reported a 43% drop in its second-quarter profits after a fall in mortgage revenue and a rise in legal costs. The bank, the US's second largest, said net income of $2.3bn (£1.34bn) was down from $3.4bn (£1.99bn) a year earl...

Relief for California borrowers seen in $7 billion Citigroup settlement [San <b>...</b>

Jul 15, 2014 at 16:00 | Source: Business Week

July 15-- Citigroup admitted Monday it bundled and sold toxic mortgages to investors -- including two public California pension funds -- and agreed to a $7 billion settlement with the U.S. Department of Justice and five states. The settlement will ...

NY to get $182M from Citigroup&#39;s $7B settlement

Jul 15, 2014 at 14:01 | Source: Wall Street Journal

ALBANY, N.Y. — New York is poised to receive $92 million in cash and at least $90 million in consumer relief as part of a $7 billion national settlement with Citigroup for its handling of risky subprime mortgages that contributed to the national ...

Asian Shares Gain, Count on Federal Reserves Support

Jul 15, 2014 at 14:00 | Source: NDTV Profit

Tokyo: Asian shares rose on Tuesday after Citigroup&#39;s earnings and a fresh round of merger and acquisition activity in the US healthcare industry lifted global share prices. Yet, with elevated stock prices on Wall Street and elsewhere relying...

Citigroup&#39;s $7B Settlement: Who Actually Benefits?

Jul 15, 2014 at 10:00 | Source: Business Week

July 15 (Bloomberg) –- The federal government&#39;s settlement with Citigroup is not just about punishing bad behavior. Part of the bank&#39;s multibillion-dollar payment will also be used to help victims of the mortgage crisis, as Bloomber...

Citigroup to Pay $7 Billion in Mortgage Probe

Jul 15, 2014 at 08:00 | Source: Wall Street Journal

On Monday, the bank agreed to pay $7 billion, including a $4 billion civil penalty to the Justice Department, $500 million to the Federal Deposit Insurance Corp. and several states, and $2.5 billion earmarked for &quot;consumer relief,&quot; ...

Asian Shares Firm, Count on Fed&#39;s Support

Jul 15, 2014 at 08:00 | Source: NDTV Profit

Tokyo: Asian shares were firm on Tuesday after Citigroup&#39;s earnings and a fresh round of merger and acquisition activity in the US healthcare industry lifted global share prices. Yet, with elevated stock prices on Wall Street and elsewhere re...

Global Stocks Recover on Citigroup&#39;s Earnings

Jul 15, 2014 at 08:00 | Source: NDTV Profit

New York: The dollar traded near break-even and global equity markets rose on Monday, lifted by Citigroup&#39;s earnings and as investors put aside concerns about euro zone banks and took heart in a fresh round of merger and acquisition activity....

The Citigroup ATM

Jul 15, 2014 at 06:01 | Source: Wall Street Journal

The Department of Justice isn&#39;t known for a sense of humor. But on Monday it announced a civil settlement with Citigroup C +3.02% Citigroup Inc. U.S.: NYSE $48.42 +1.42 +3.02% July 14, 2014 4:00 pm Volume (Delayed 15m) : 35.70M AFTER HOURS&am...

Citi Originations Increase, But Earnings Plunge [Mortgage Daily :: ]

Jul 15, 2014 at 06:00 | Source: Business Week

July 14-- Citigroup Inc . pushed quarterly home lending activity higher but saw earnings plummet thanks to a huge settlement over its mortgage securities activities. North American mortgage originations during the second quarter were $6.2 billion, th...

US Stocks End Higher on Citigroup Earnings

Jul 15, 2014 at 04:01 | Source: Wall Street Journal

The Dow Jones Industrial Average climbed 111.61 points, or 0.7%, to 17055.42. The blue-chip index forged a record in intraday trading though fell short of closing at a record high. The S&amp;P 500 index tacked on 9.53 points, or 0.5%, to 1977.10....

Citigroup Equity-Trading Revenue Hurt by Ukraine Hedging

Jul 15, 2014 at 00:00 | Source: Bloomberg

Citigroup Inc. (C)&#39;s equity-trading revenue was cut by about $100 million in the second quarter because of the cost of protecting against potential market turmoil the bank expected to result from the unrest in Ukraine. Equity-market revenue t...

Illinois chunk of Citigroup settlement is $84M

Jul 15, 2014 at 00:00 | Source: Business Week

CHICAGO (AP) — Illinois&#39; share of a roughly $7 billion federal settlement with Citigroup over risky subprime mortgages is about $84 million. The agreement announced Monday comes weeks after talks between federal officials and Citigroup brok...

Wall Street Climbs on Merger and Acquisitions, Citi Earnings

Jul 15, 2014 at 00:00 | Source: NDTV Profit

New York: US stocks rose on Monday, sparked by the latest flurry of merger activity and earnings from Citigroup, putting the S&amp;P 500 on pace to climb for a second straight session. London-listed drug maker Shire Plc said it was ready to recom...

Citigroup Climbs on Better-Than-Expected Trading

Jul 14, 2014 at 22:00 | Source: Bloomberg

Citigroup Inc. led financial stocks higher after better-than-expected trading revenue and lower credit costs helped second-quarter profit beat analysts&#39; estimates and the company resolved a mortgage-related probe. Citigroup climbed 3.7 percen...

Citigroup to Settle Mortgage-Bond Probe for $7B

Jul 14, 2014 at 22:00 | Source: Bloomberg

July 14 (Bloomberg) -- Citigroup agreed to pay $7 billion in fines and consumer relief to resolve government claims that it misled investors about the quality of mortgage-backed bonds sold before the 2008 financial crisis. (Source: Bloomberg). Please...

Citigroup Climbs on Better-Than-Expected Trading

Jul 14, 2014 at 22:00 | Source: Business Week

Citigroup Inc. (C:US) led financial stocks higher after better-than-expected trading revenue and lower credit costs helped second-quarter profit beat analysts&#39; estimates and the company resolved a mortgage-related probe. Citigroup climbed 3.7...

Citigroup Settlement Gives the Government a Financial-Crisis Win

Jul 14, 2014 at 22:00 | Source: Business Week

Following in the fine tradition of big banks shrugging off multibillion-dollar settlements of accusations of wrongdoing, Citigroup announced better-than-expected earnings the same morning it agreed to pay $7 billion to resolve claims of mortgage frau...

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