New York - Citigroup extended its financial losses for a fourth quarter, registering a loss of 2.8 billion dollars for the period between July and September.
The bank attributed part of its loss to nearly 10 billion dollars in writedowns from loans gone bad and securities that have lost value.
New York - Merrill Lynch reported its fifth straight quarter of losses Thursday as it registered a 5.2-billion-dollar loss for the third quarter of 2008.
Merrill Lynch, which is facing a takeover by the Bank of America, attributed its losses to continued writedowns on bad loans.
The losses reported Thursday compare with third-quarter 2007 losses of 2.2 billion dollars.
Altogether, the bank has suffered losses of 25 billion dollars during the ongoing financial crisis, making it one of the biggest victims worldwide.
New York - New York state's attorney general has threatened legal action against financially troubled insurer AIG unless it takes steps to "review, rescind and recover all past unreasonable expend
New York, Oct. 16 : Republican nominee John McCain needed the headlines and his third debate with Democratic rival Barack Obama saw him more energetic, focused and, at times, emotional.
But his performance on Wednesday is unlikely to change the underlying trajectory of the 2008 presidential race.
With Barack Obama by all accounts holding a solid lead and less than three weeks to go, McCain came out aggressive from the very beginning.
SenWashington, Oct 16 : To resolve an old problem of the lack of cell phone coverage on her remote 15-acre ranch near Sedona (Arizona), as soon as John McCain launched his presidential bid, Cindy McCain offered land for a permanent cell tower.
Over the past year, she offered land for a permanent cell tower, and Verizon Wireless embarked on an expensive public process to meet her needs, hiring contractors and seeking county land-use permits, the Washington Post reported.
Washington, Oct 16 : Managers would now be able to quickly find out which of their employee has previously worked on a project and whom to assign new responsibilities, thanks to a new computer program, developed by researcher Krisztian Balog.
The new computer program will make it quicker and easier to look for a specific person in an organisation’s network.
The new technique would also make it easier to find the right person on the Internet on the whole.
While it is easier to search for documents, it gets difficult when it comes to searching for people.
New York - Citigroup extended its financial losses for a fourth quarter, registering a loss of 2.8 billion dollars for the period between July and September.
New York - Merrill Lynch reported its fifth straight quarter of losses Thursday as it registered a 5.2-billion-dollar loss for the third quarter of 2008.
New York, Oct. 16 : Republican nominee John McCain needed the headlines and his third debate with Democratic rival Barack Obama saw him more energetic, focused and, at times, emotional.
SenWashington, Oct 16 : To resolve an old problem of the lack of cell phone coverage on her remote 15-acre ranch near Sedona (Arizona), as soon as John McCain launched his presidential bid, Cindy McCain offered land for a permanent cell tower.
