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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Consumer electronics retailer Circuit City Stores Inc.  on Wednesday posted a quarterly loss that it called disappointing and withdrew its earnings forecast, citing a drop in advanced television sales and an uncertain economic environment.
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Stock index futures fell on Tuesday after Citigroup Inc posted a wider-than-expected loss and before key inflation data that may shape expectations for the Federal Reserve's next policy move.
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Computer Associates International Ltd. , a business software maker, on Wednesday posted a wider quarterly net loss, including charges for job cuts and a &#36;225 million payment to settle a long-running accounting probe.
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The Swiss bank reported its first quarterly loss in five years after hefty writedowns on subprime-related investments, but said it expects a group profit in the last quarter.
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Ciena Corp., a maker of fiber optic products and services, posted a wider third-quarter loss Thursday on restructuring and acquisition charges, and warned that fourth-quarter revenue would be flat with third-quarter results due to &quot;ongoing customer
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WASHINGTON (CBS.MW) -- CIT Group (CIT) achieved 25 percent growth in net earnings for the third quarter, reporting $183.9 million, or 86 cents per share, up from $147.
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Circuit City Stores Inc. (CC.N: Quote, Profile, Research) 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 narrower quarterly   loss, but forecast slower revenue growth, raising worries of a   slowdown in demand as telephone carriers merge.
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Mounting losses at U.S. arm Chrysler   forced DaimlerChrysler DCXGn.DE to cut its 2006 operating   profit forecast by around 1 billion euros ($1.27 billion) on   Friday, sending its shares skidding lower.
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Circuit City Stores Inc. (CC.N: Quote, Profile, Research) on Friday reported a narrower quarterly loss as it kept a tight rein on expenses and sales of digital
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NEW YORK (CBS.MW) -- Citigroup shares slid 95 cents, or 2 percent, to $46.00 in pre-market trade Monday after Merrill Lynch sliced its recommendation on the stock to &quot;neutral&quot; from &quot;buy.
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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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Bear Stearns Cos Inc  on Thursday reported its first quarterly loss in the company's history, capping a fiscal year when the fifth-largest U.S. investment bank took a beating on bad bets on risky subprime mortgages.
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Citigroup Inc , which last week  posted a record $9.83 billion quarterly loss, on Tuesday said  it has strengthened its balance sheet and replenished depleted  capital levels by raising about $30 billion in the last two  months.
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Citigroup Inc. today said it suffered losses of nearly $10 billion in the last three months of 2007 as problems with risky sub-prime loans continued to rattle the country's major financial companies.
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All three major U.S. stock indexes ended down more than 2 percent on Tuesday after a record quarterly loss at top U.S. bank Citigroup Inc.  and a surprise drop in December retail sales fueled recession fears.