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Fourth Quarter Earnings

Big Hurt In Store For Retail

New York Post | James Covert | Posted 05.25.2011 | Business

After the worst holiday season in five years, Wall Street is bracing for a slew of ugly profit reports from retailers and downbeat forecasts for 2008....

Time Warner Takes $24.2 Billion Writedown

AP | RYAN NAKASHIMA | Posted 05.25.2011 | Business

LOS ANGELES — Media and entertainment giant Time Warner Inc. reported a fourth-quarter loss, hurt by a previously expected $24.2 billion writedo...

Citigroup Gets $12.5 Billion Infusion

AP | Madlen Read | Posted 05.25.2011 | Business

Citigroup Inc. secured $12.5 billion in much-needed cash and slashed its dividend as a huge drop in the value of its mortgage holdings sent it to its ...

IBM: Weak Dollar Pushed Profits Up

AP | Posted 05.25.2011 | Business

Computer server and software maker IBM said Monday its fourth-quarter earnings from continuing operations rose 24 percent from a year ago, beating Wal...

Subprime Loans Sink JP Morgan's Fourth Quarter

AP | Madlen Read | Posted 05.25.2011 | Business

JPMorgan Chase & Co. said Wednesday its fourth-quarter profit fell 34 percent after its exposure to subprime mortgages -- though much smaller than at ...

Reports: Citigroup May Write Down Up To $24 Billion, Lay Off 20,000 Workers

CNBC | Charlie Gasparino | Posted 05.25.2011 | Business

Citigroup could write down as much as $24 billion due to subprime and credit-related losses, CNBC has learned. In addition, the company could lay off ...