NEW YORK (AP) - Shares of Greek drybulk shipper DryShips Inc. may trade
actively on Tuesday, following news that first-quarter profit more than doubled.
DryShips said adjusted results topped Wall Street expectations.
Meanwhile, Standard & Poor's Ratings Services cut a rating on Fannie Mae,
which buys home loans from banks and lenders, assembles the loans into bonds,
and sells the bonds to investors. The lowered rating measures how strong the
mortgage financier would be without any government support.
Also, Citigroup Inc. said it will shutter two of its British personal loan
operations and may slash at least 650 jobs.
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