Citigroup Profit Rises 13 Percent
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Citigroup Inc.  on Thursday said third-quarter profit rose 13 percent, topping most Wall Street forecasts, as growth in consumer businesses offset declining stock and bond market revenue.
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TOKYO -- Citigroup Inc., the largest bank in the United States, said Tuesday it raised its takeover offer for scandal-tainted Nikko Cordial Corp. by 26 percent in a deal worth up to $13.35 billion after the Japanese brokerage's largest shareholders rejected the initial price as too low.
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Texas Instruments, the largest maker of chips for mobile phones, said its fourth-quarter profit rose 13 percent and that sales reversed a yearlong decline.
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Austrian insurer Uniqa  posted  a 53-percent rise in its second-quarter pretax profit on  Thursday, lifted by soaring earnings in its domestic market and  particularly in its life insurance business.
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Citigroup Inc. C.N on Thursday said  fourth-quarter profit rose 12 percent to a record as its  consumer and investment banking businesses grew, but said 2005  profit is likely to be near the low end of Wall Street  estimates.
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H.P.âs first-quarter net income grew 38 percent to $2.1 billion, as revenue climbed 13 percent to $28.5 billion, beating the muted expectations of Wall Street analysts.
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Lehman Brothers Holdings Inc., the fifth-biggest US securities firm, said quarterly profit rose 22 percent, exceeding analysts&#39; estimates, and earnings in 2005 may be higher than this year&#39;s record.
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Raytheon Co. reported yesterday it swung to a profit in the third quarter and that revenue surged 13 percent, benefiting from rising military spending and more orders for its business jets.
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Best Buy Co. Inc., the nation's largest consumer electronics retailer, said Tuesday that second-quarter earnings rose 22 percent on a 13 percent increase in revenue.
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Citigroup Inc., the world's largest  financial services company, on Thursday said fourth-quarter  profit rose 12 percent, helped by growth in its consumer and  investment banking businesses.
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Citigroup Inc. C.N, the world's  largest financial services company, on Thursday said  fourth-quarter profit rose 12 percent, helped by growth in its  consumer and investment banking businesses.
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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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Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research) , the world&#39;s biggest retailer, posted a 13 percent rise in quarterly profit on Tuesday and raised its outlook
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Citigroup Inc.  shares on Friday rose as much as 4 percent, the stock's biggest gain in nearly eight months, amid speculation the No. 1 U.S. bank may divest some businesses.
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French bank BNP Paribas SA posted a 13.5 percent increase in net profit in the third quarter on Thursday, saying lower provisions for bad loans and tight cost controls had more than offset slower growth and choppy equity markets in Europe.
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United Utilities, the water and electricity distributor, raised first-half pre-tax profit by 13 per cent to Â£188m following growth across all its operations.
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Lehman Brothers Holdings Inc.   on Tuesday said quarterly profit rose 27 percent, beating  expectations, on surging revenue from bond underwriting and  stock trading.