Posted by
admin on January 19, 2012 |
No comments
Citigroup Inc joined hands with JP Morgan Chase & Co in giving its lowest cost revenue since 2008’s economic slowdown happened. Another company Wells Fargo & Co revenue shares also dipped as the core lending businesses and companies also improved a lot. Citigroup announced that the fourth quarter revenue results fell by more than seven percent as compared to one year earlier. The total income reduced by eleven percent to 1.17 US billion dollars.
There is a growing concern that the European debt crisis has contributed to the worldwide economic slowdown and it is the reason why trading volume and bank investment deals have dropped considerably in the second half of the year. Citigroup fell almost 6.8 percent to the figure of $28.66 which is its worst showing in the KBW bank Index. The New York based company JP Morgan dropped 2.2 percent to 35.12 US dollars.
Tags: forex currency trading, how to trade currencies, how to trade in forex, trade forex, Trading Forex
Posted by
admin on January 16, 2012 |
No comments
Eastman Kodak Co is having advanced talks and discussions with the Citigroup Inc for providing the bankruptcy financing solutions as the photography company starts to file lawsuits according to the related people in this matter. The Kodak Company is now facing losses at the moment. Kodak can seek security from the creditors in some weeks and after that hold an auction for selling the patent portfolio. It has been said by the people who has claimed not to be identified because the talks are been kept private.
The financial advisors of the Kodak Company are lining up for a bidder which can either be the leader or the bidder required for the patent portfolio. Kodak‘s cash savings and the equities dropped to 862 million US dollars in the end of the third quarter from the 1.4 billion US dollars before a year earlier. The company can declare the next scheduled report of the fourth quarter in the later January.
Tags: forex currency trading, how to trade currencies, how to trade in forex, trade forex, Trading Forex
Posted by
admin on January 11, 2012 |
No comments
The Tokyo Electric Power Company TEPCO shares hit all time low by approximately twelve percent just after the news came on Nikkei newspaper that the Japanese government will look out for buying the common shares for taking the maximum control of the utilization. The stocks fell surprisingly by twelve percent which is the lowest fall in the price in a single day. It was at the one seventy yen mark at the beginning of the day in the Tokyo stock exchange.
Tepco touched all time low before the March 11 earthquake and when the Tsunami struck the vast Fukushima Dai-Ichi Nuclear power plant which caused the nuclear radiation to leak and as a result there were mass evacuations from there. The Government backed programs such as the nuclear damage Liability fund are there to inject the amount of one trillion yen into the Power Company so that it can stand again. Sources say that without this amount the company can go bankrupt in a couple of years.
Tags: forex currency trading, how to trade currencies, how to trade in forex, trade forex, Trading Forex
