CIT Group Posts Quarterly Loss, Cuts Outlook
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CIT Group Inc. , a consumer and commercial finance company, posted a second-quarter loss on Wednesday and cut its earnings forecast for the rest of the year as it exits home lending.
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Reporting a staggering fourth-quarter loss of $9.83 billion, Citigroup also issued a sobering forecast that the housing market and economy have not yet bottomed out.
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Citigroup Inc. C.N on Friday said it  is cutting jobs in its corporate and investment bank to save  money, and a person familiar with the decision said more than  1,000 positions may be lost.
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Circuit City Stores Inc.  reported an unexpected quarterly loss on Tuesday as the retailer cut prices on hot electronics like flat-panel televisions and computers to lure customers into its stores during the holiday shopping season.
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Circuit City Stores Inc.   reported an unexpected quarterly loss on Tuesday as the  consumer electronics retailer could not sell enough flat-panel  televisions to offset falling prices.
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Electronics retailer Circuit City  Stores Inc  posted a quarterly loss on Thursday as sales  fell and the company cut jobs in an effort to turn business  around.
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US banking giant Citigroup reports a $9.83bn (Â£5bn) net loss, blaming its exposure to bad mortgage debt.
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Chip maker Advanced Micro Devices Inc.  on Tuesday reported a quarterly loss from a year-earlier profit following a reduced forecast it gave last week.
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Citigroup Inc. (CN: Quote, Profile, Research) shares fell in pre-market trading on Monday after Merrill Lynch &amp; Co. analyst Guy Moszkowski cut his rating for the company to &quot;neutral&quot; from &quot;buy,&quot; citing recent ethics problems.
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Circuit City Stores Inc.  reported an unexpected quarterly loss on Tuesday as the consumer electronics retailer could not sell enough flat-panel televisions to offset falling prices.
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Circuit City Stores posted a narrower quarterly loss from continuing operations on Friday but said the outlook was cautious for the current quarter, which includes the key holiday season.
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Telecommunications equipment maker  Ciena Corp. CIEN.O on Thursday reported a wider loss for the  fiscal third quarter due to slack demand and forecast sales in  the current quarter would be little changed from the third  quarter.
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Knight Trading Group Inc., an equities trading company serving institutional and broker-dealer clients, said Wednesday that it will report a third-quarter operating loss of 1 cent to 4 cents per share due to poor performance in its
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Take-Two Interactive Software said Tuesday that it cut its quarterly net loss in half, but gave an outlook that fell short of Wall Streetâs expectations.
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Consumer electronics retailer Circuit City Stores Inc.  on Wednesday posted a worse-than-expected quarterly loss and withdrew its earnings forecast, citing a drop in television sales and an uncertain economic environment.
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U.S. regional supermarket chain Great  Atlantic & Pacific Tea Co. GAP.N on Friday reported a   wider-than-expected quarterly loss as it pushed ahead with a  reorganization and called its near-term outlook "conservative."
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CIT Group Inc , the consumer and commercial finance company, said on Tuesday it has closed its mortgage lending operations, resulting in the loss of 550 jobs across 25 offices.