Citigroup swung to a huge loss in the first quarter, hurt in part by poor performance and write-downs at its alternative investments business.
The losses at Citi Alternative Investments were a relative drop in the $5.1 billion bucket of red ink: the group recorded “negative revenue†of $358 million “on sharply lower proprietary revenues†and $212 [...]
The FINANCIAL — Georgia. HeidelbergCement plans to construct a new cement plant in Saskhori (30 km from Tbilisi ) with a capacity of 2 million tonnes.
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The plant will supply the market in Georgia as well as neighboring markets in Azerbaijan and Kazakhstan. These countries are suffering from a [...]
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Financial result of Austrian Airlines Group for business year 2007
Summing up the results 2007, Austrian Chief Executive Officer Alfred Ötsch made the following statement: “For the Austrian Airlines Group, 2007 was a successful transitional year, a time when the company implemented a number of essential steps in its restructuring. [...]
NEW YORK (Fortune) — Blackstone’s meager quarterly earnings is just the latest example of the stunning reversal of fortune suffered by the private equity shops that once dominated Wall Street’s food chain.Blackstone’s earnings plunge of 89 percent is a direct result of the fact that the private equity universe’s lifeblood - cheap, abundant and occasionally [...]
Northwest Air, Plastech, Adelphia, Calpine, Dana: Bankruptcy
By Bill Rochelle
Feb. 8 (Bloomberg) — Northwest Airlines Corp.
yesterday filed a lawsuit in bankruptcy court against the
plaintiffs in a class action, saying theyre violating the so-
called automatic stay by continuing a suit begun [...]
The FINANCIAL — Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB)Â on February 7Â reported unaudited figures for the fourth quarter and full year 2007.
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For the year 2007, income before income taxes was EUR 8.7 billion, up 5% versus the year 2006, and revenues were EUR 30.7 billion, up 8%. Net [...]
