Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Stocks up following big Citi loss

Stocks are slightly up following Citi's reported $7.6 billion fourth-quarter loss from charges related to repaying its portion of the bailout.

In the first 15 minutes of trading, the Dow is up three-tenths of 1 percent.

The broader S&P 500 is up one-quarter of 1 percent and the tech-heavy Nasdaq is up nearly seven-tenths of 1 percent.

In other news this morning, Cadbury lost a four-month fight to remain independent and capitulated to Kraft's buyout overtures, agreeing to a $19.5 billion deal to create the world's largest chocolate maker.

-- Frank Ahrens
Follow me on Twitter at @theticker

By Frank Ahrens  |  January 19, 2010; 9:50 AM ET
Categories:  Corporations , The Ticker , Wall Street  | Tags: Dow Jones, nasdaq, s&p 500  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Corporations kicking in with Haiti relief
Next: Home builders' index falls in January

No comments have been posted to this entry.

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company