ADVFN - Advanced Financial Network.
HOME» NYSE » C » C Stock Price » C Stock News

Citigroup Share News

 Citigroup Stock Price
C Stock Price
 Citigroup Stock Chart
C Stock Chart
 Citigroup Stock News
C Stock News
 Citigroup Company Information
C Company Information
 Citigroup Stock Trades
C Stock Trades

Challenger: Fewer Planned U.S. Job Cuts in July

By Kristin Jones Planned layoffs fell for the second straight month in July, but the good news may be short-lived, according to data from consulting firm Challenger, Gray & Christmas Inc. U.S.-based employers said in July that they planned to cut 36,855 jobs, down 45% from a year ago, and down 2% from June. This is only the third time in 2012 that employers have announced fewer job cuts than the same month in 2011. The job-cut tally for the year reached 319,946, up roughly 2.5% from the same period a year ago. Financial firms led the downsizing in July, saying that they planned to cut 6,156 jobs. Morgan Stanley (MS) and Citigroup Inc. (C) alone have shed more than 5,500 workers since the beginning of the year, the firm said. Fallout from the European crisis--as well as U.S. banks' bad bets--could continue to take a toll on the sector, said the consulting firm's Chief Executive John A. Challenger. The transportation industry and retailers also unveiled layoffs. "While the decline in job cuts over the past few months is good news, it is not unusual to see these types of slowdowns during the summer months," said Mr. Challenger. Employers may be holding off before the election, and the fourth quarter traditionally is heavy on job cuts, he added: "So this may simply be the lull before the storm." Write to Kristin Jones at kristin.jones@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Citigroup (C)
DateTimeHeadline
07/17/201413:20:15FINRA Securities Arbitration System to Be Examined
07/17/201413:00:39Advocates, Industry Executives to Examine FINRA Securities Arbitration...
07/17/201411:46:53ZF Said Able to Raise TRW Bid to as Much as $13 Billion -Bloomberg
07/17/201401:49:16UBS Sees Ford F-150 Gaining Market Share
07/15/201416:33:45India Shares Close Higher on Global Cues, Positive Economic Data
07/14/201420:06:32Citigroup Reaches $7 Billion Pact to Resolve Mortgage Probe...
07/14/201418:35:14MARKET SNAPSHOT: U.S. Stocks: Dow Closes Above 17,000
07/14/201418:34:20BOND REPORT: Treasurys Slide As Risk Assets Take Spotlight
07/14/201418:32:57BOND REPORT: Treasurys Fall As Investors Pile Into Risk
07/14/201418:30:00MARKET SNAPSHOT: U.S. Stocks Rise On Earnings, M&A News
07/14/201418:28:06Citi in $7 Billion Pact to Resolve Mortgage Probe -- 4th Update
07/14/201418:25:52Citi in $7 Billion Pact to Resolve Mortgage Probe -- 3rd Update
07/14/201418:24:15MARKET SNAPSHOT: U.S. Stocks: Dow Tops 17,000, Eyes Record Close
07/14/201418:23:21U.S. Hot Stocks: Hot Stocks to Watch
07/14/201418:20:11MARKET SNAPSHOT: U.S. Stocks: Futures Climb; Citigroup Results...
07/14/201414:32:46Citi in $7 Billion Pact to Resolve Mortgage Probe -- 2nd Update
07/14/201414:00:44Citi in $7 Billion Pact to Resolve Mortgage Probe -- Update
07/14/201413:41:32Citigroup to Pay $7 Billion to Resolve Mortgage Probe
07/14/201412:21:11Holder to Cite Citigroup's 'Egregious' Misconduct in Mortgage...
07/13/201406:18:25MARKET SNAPSHOT: Tech, Bank Earnings To Test Economic Recovery

Citigroup and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad