Career News 24/7: Before the Bell: Citi profit misses Street as fixed-income revenue falls

Thursday, January 16, 2014

Before the Bell: Citi profit misses Street as fixed-income revenue falls

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01/16/2014

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Citi profit misses Street as fixed-income revenue falls

(Reuters) - Citigroup Inc posted a lower-than-expected quarterly profit as the bank's fixed-income revenue declined in a "challenging trading environment."

Goldman Sachs profit hit by lower bond trading revenue

(Reuters) - Goldman Sachs Group Inc reported a 21 percent drop in quarterly profit as revenue from fixed-income trading fell in what Chief Executive Lloyd C. Blankfein described as "a somewhat challenging environment."

Jobless claims fall for second consecutive week

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell for a second week last week, suggesting a sharp slowdown in job growth in December was likely to be temporary.

Consumer prices post largest gain in six months

WASHINGTON (Reuters) - U.S. consumer prices recorded their largest increase in six months in December as gasoline prices rebounded, but there was little to suggest a broader pick-up in prices with underlying inflation muted.

BlackRock posts higher-than-expected profit

(Reuters) - BlackRock Inc , the world's largest money manager, on Thursday reported a higher-than-expected quarterly profit, benefiting from strong markets and a flow of new money into its exchange-traded funds.

J&J to sell diagnostics unit to Carlyle for $4.15 billion

(Reuters) - Johnson & Johnson said on Thursday it will sell its ortho clinical diagnostics unit to private equity firm Carlyle Group for $4.15 billion, a year after announcing it was considering spinning off or selling the slow-growing business.

Best Buy says holiday sales fall; shares tumble

NEW YORK (Reuters) - Best Buy Co Inc reported a drop in total revenue and sales at its established U.S. stores in the all-important holiday season, sending shares tumbling more than 30 percent in early trading.

Stock futures dip after record high, ahead of data

NEW YORK (Reuters) - Stock index futures dipped on Thursday after closing at a record high in the prior session, ahead of data on the labor market and inflation along with another round of earnings reports.

UnitedHealth says quarterly profit rose, sees 2014 growth

(Reuters) - UnitedHealth Group Inc, the largest U.S. health insurer, on Thursday reported a higher fourth-quarter profit and the addition of 170,000 members, and said 2014 earnings would improve as well.

Exclusive: Charter, Comcast in renewed talks on Time Warner Cable bid

NEW YORK (Reuters) - Charter Communications Inc reached out to Comcast Corp this week about teaming up to buy Time Warner Cable Inc, after the larger rival rejected its $37.3 billion takeover bid, according to people familiar with the matter.