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LONDON, July 18 (Reuters) - Stocks trimmed earlier losses and the dollar rose while European government bond futures hit session lows on Friday after Citigroup (C) reported better-than-expected results for the second quarter.
Citi reported a second-quarter loss per share of $0.49, higher than forecasts of around $0.61-67. It took credit costs of $7.2 billion [...]

Reports Q2 (Jun) loss of $0.49 per share from continuing operations, $0.17 better than the First Call consensus of ($0.66); revenues fell 29.2% year/year to $18.65 bln vs the $17.55 bln consensus. Co said that results in the core franchise were offset by write-downs and credit costs. Results include $7.2 billion in pre-tax write-downs in [...]

NEW YORK (MarketWatch) - Citigroup, the nation’s largest bank by assets, said on
Friday that it lost money for the third consecutive quarter after writing down
$7.2 billion of investments. The company said it lost $2.5 billion, or 54 cents a
share, compared to a profit of $6.23 billion, or $1.24 a share. On a continuing
operations basis, the [...]

Citigroup Receives 1st Round Of Bids For Primerica -Reuters
Last Update: 6/6/2008 12:32:38 PM
DOW JONES NEWSWIRES
Citigroup Inc. (C) has received its first round of bids for its Primerica unit,
Reuters reported Friday, citing sources. The unit has drawn interest from life
insurance and private equity companies. The value of the unit is about $7 billion
and a deal could [...]

S&P affirmed its ‘AA-/A-1+’ credit rating on Citigroup Inc. and its ratings on Citigroup’s units. Standard & Poor’s also said that it removed all these ratings from CreditWatch, where they were placed on April 15, 2008, with negative implications. The outlook on all these companies is negative. “Despite the challenges facing Citigroup over the next [...]