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Showing posts with the label DealB%K Afternoon Edition Top Stories

DealB%K Afternoon Edition Top Stories: Citigroup Earnings Rise 74% to $3.8 Billion

TOP STORY Citigroup Earnings Rise 74% to $3.8 Billion Three years after needing a federal bailout to survive, Citigroup reported its seventh-straight quarterly profit with a 74 percent rise in the third quarter despite dismal results of its investment bank. DEALBOOK » Wells Fargo Earnings Rise 21%, to $4.1 Billion Wells Fargo, the nation's largest consumer lender, said its third-quarter earnings rose 21 percent, even as a drop in revenue indicated a disappointing sign for the bank. DEALBOOK » DEALBOOK HIGHLIGHTS Deal Professor: Grupo Mexico Is Hit With $1.26 Billion Judgment The Delaware Chancery Court ruled against Grupo Mexico in the sale of Minera Mexico to Southern Peru Copper. DEALBOOK » Management Looks to Take China's Shanda Private Shares of the Chinese gaming and Internet giant Shanda Interactive soared early Monday after the company announced a management-led buyout that would take the Nasdaq-listed comp