Filed under: Company News , Earnings Citigroup ( C ) surprised Wall Street today, reporting a lower than expected loss of 18 cents per share and higher than expected net income of $1.6 billion, further fueling sentiment that a recovery in the banking sector may be underway. Citi reported revenues of...

Filed under: Company News , Economy , Earnings Filene’s Basement, the Boston-based discount chain that claims to be the very place where bargains are born , is on its deathbed. Vendors, who have been stiffed for months, have threatened to push the 25-store chain into bankruptcy, according to the...

Filed under: Company News , Earnings Proving that a rising tide can lift even the most leaky of boats, Citigroup Inc. ( C ) became the latest Wall Street firm to post better-than-expected profits. The New York-based bank posted a loss to common shareholders of $966 million because of the payment of...

Filed under: Company News , Technology , Earnings Google ( GOOG ) beat analysts’ profit estimates after cutting jobs and costs, but the online ad giant saw its first quarter-to-quarter drop in sales since going public in 2004. “We’re still basically in uncharted territory,” Eric...

Filed under: Company News , Technology , Columns It’s a story that is playing out quite similarly to the failed Yahoo and Microsoft talks last year. It’s a story of a company with lots of money to invest (IBM, Microsoft), wanting to buy a company (Sun, Yahoo) that has seen its growth stall...

Filed under: Company News , Earnings The wave of optimism that swept over the financial services sector on Monday’s news of Wells Fargo’s larger than anticipated profit could crash when Citigroup ( C ) announces its first quarter earnings on Friday. The latest consensus estimates by Thomson...

Filed under: Company News , Technology , Earnings Technology investors will be focused today on the main event of this tech earnings season: Google earnings. If impressive, they could spark a tech rally. If unimpressive, recent tech gains will be quickly washed away. “They will exceed expectations,”...

Filed under: Company News , Earnings JPMorgan Chase ( JPM ), the largest U.S. bank by assets, reports its first-quarter earnings early tomorrow morning. Analysts are expecting profit of 32 cents a share , compared with a loss of 28 cents a share last quarter and a 68-cents-a-share profit a year ago....

Filed under: Company News , Earnings Intel ( INTC ), the world’s largest chipmaker, beat consensus analyst estimates for both profit and sales in the first quarter. The company said sales for the current quarter will match what analysts are expecting. “The most important event for the stock...

Filed under: Company News , Technology , Earnings Intel Corp. ( INTC ) is scheduled to report earnings after the close of U.S. markets today. Its results may signal whether demand is returning to the technology industry. Although the world’s largest semiconductor chip maker is expected to report...