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SAN FRANCISCO and NEW YORK, Oct. 18 /PRNewswire/ — As the economy
weakened during the third quarter, venture capitalists continued to rein in
investments in U.S.-based companies, according to the Quarterly U.S.
Venture Capital Report from Dow Jones VentureSource
(http://www.venturecapital.dowjones.com). The third quarter of 2008 saw $7.37
billion in venture capital invested into 583 deals, 7% less than the $7.94
billion [...]

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 [...]