photo by Chris (archi3d)
Quote for the day:
"You can never say never."
- Gary Crittenden, Chief Financial Officer of Citigroup, April 18, 2008
In the news:
Citigroup sold $4.5 billion of common stock, 50% more than originally expected, at a 4% discount to raise capital. Just over a week ago Citigroup sold $6 billion of preferred stock and has now raised more than $40 billion of capital since late last year.
"The Commerce Department said growth in real gross domestic product in the first quarter was estimated at 0.6% for the second straight quarter, ahead of the 0.2% growth rate expected by economists surveyed by MarketWatch." "With inventory building adding 0.8 percentage points to growth, the headline GDP figure was stronger than the details of the report. Final sales of domestic product fell 0.2%, while final domestic sales dropped 0.4% -- the first decline since the recession of 1991."
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Quote for the day:
"You can never say never."
- Gary Crittenden, Chief Financial Officer of Citigroup, April 18, 2008
In the news:
Citigroup sold $4.5 billion of common stock, 50% more than originally expected, at a 4% discount to raise capital. Just over a week ago Citigroup sold $6 billion of preferred stock and has now raised more than $40 billion of capital since late last year.
"The Commerce Department said growth in real gross domestic product in the first quarter was estimated at 0.6% for the second straight quarter, ahead of the 0.2% growth rate expected by economists surveyed by MarketWatch." "With inventory building adding 0.8 percentage points to growth, the headline GDP figure was stronger than the details of the report. Final sales of domestic product fell 0.2%, while final domestic sales dropped 0.4% -- the first decline since the recession of 1991."
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