Monthly Archives:  July 2013

  • Citigroup Profit Beats Estimates as Stock Trading Gains

    Full Story | 15th July 2013
    Citigroup Inc., the third-biggest U.S. bank by assets, posted a 42 percent increase in second-quarter profit that beat analysts’ estimates as stock-trading revenue surged and losses on unwanted assets declined. Net income climbed to $4.18 .
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  • Telecom Italia Halts Talks With Hutchison on Merger

    Full Story | 5th July 2013
    Telecom Italia SpA ended talks with Hutchison Whampoa Ltd. over a potential merger of their Italian mobile-phone assets, a lost chance to consolidate in Europe’s overcrowded mobile-phone industry through a combination of Italy’s biggest and .