Latest Citigroup Inc News

Microsoft and Starbucks rise; Wabash National slips

Oct. 12, 2018 4:53 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday: Citigroup Inc., up $1.46 to $69.84 The bank's third-quarter profit was higher than analysts had expected. Starbucks Inc., up $1.59 to $56.45 The coffee chain announced an accelerated repurchase of $5 billion in stock. Tesla Inc., up...

Citigroup profit rises to $4.6 billion, beats Street views

Oct. 12, 2018 11:43 AM EDT

NEW YORK (AP) — Citigroup said Friday that its third-quarter profits rose 12 percent from a year earlier, as the banking conglomerate was able to cut expenses and benefited from lower taxes. That was more than enough to make up for a small drop in revenue. The New York-based bank earned $4.62 billion in...

Markets Right Now: Solid economic reports send stocks higher

Oct. 3, 2018 4:08 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing slightly higher following some solid reports on hiring and the services sector. Bond prices plunged Wednesday, sending the yield on the 10-year Treasury note to its highest level in more than seven...

Micron slumps while Altria and Chevron climb

Sep. 12, 2018 4:28 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday: Altria Group Inc., up $3.96 to $63.43 Cigarette makers rose sharply after the Food and Drug Administration said it is looking at steps to combat "an epidemic" of e-cigarette use by teenagers. Gilead Sciences Inc., up $1.74 to...

UK's Treasury chief says Brexit deal 'doable' by November

Sep. 11, 2018 12:21 PM EDT

LONDON (AP) — Britain's Treasury chief said Tuesday that striking a divorce deal with the European Union over the next two months is "doable," while the boss of Jaguar Land Rover warned that tens of thousands of jobs could be lost if the country crashes out of the EU with no agreement. With Brexit a little...

A look at companies embroiled in recent political debates

Sep. 4, 2018 6:37 PM EDT

NEW YORK (AP) — Nike's "Just Do It" campaign featuring Colin Kaepernick is a rare example of a brand jumping into a divisive issue uninvited. Still, like it or not, American companies are increasingly being pulled into the country's political and cultural wars. Here's a look at other companies that...