Citigroup shares drop on mounting woes
Citigroup shares drop on mounting woes
NEW YORK (Reuters) – Citigroup Inc’s problems deepened on Monday as it was unable to assure investors that a potential $11 billion write-down for subprime mortgages won’t grow, and its nearly pristine credit ratings were downgraded.
Source: feeds.reuters.com
Bayer beats estimates
LEVERKUSEN, Germany (Reuters) – Bayer reported a higher-than-expected rise in quarterly operating profit thanks to strong sales of drugs and farm products but said it would streamline its plastics unit, which faces mounting competition.
Source: feeds.reuters.com
About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
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