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Citigroup shares plunge another 20% to multi-year lows

(RTTNews) - Shares of Citigroup Inc. (C) continued to decline on Friday following their plunge below $5 during Thursday's trading, as hedge funds were forced to unload their holdings to meet the mandatory requirements of not holding shares trading below $5 a share. The share price declined more than 25% to as low as $3.05 per share, although it regained some ground going into the close, ending the session down 20% at $3.77. More than a billion shares changed hands during the trading session on Friday, nearly seven-fold increase from the normal average trading volume of shares.

Sony Reports 72 Pct Plunge in Quarterly Profit

Sony reported a 72 percent plunge in quarterly profit on Wednesday as a surging yen wiped out perks from flat-panel TV and PlayStation 3 sales, as well as box office revenue from the movie "Hancock."

Sony reports 72 per cent plunge in quarterly profit

TOKYO -- Sony reported a 72 per cent plunge in quarterly profit on Wednesday as a surging yen wiped out perks from flat-panel TV and PlayStation 3 sales, as well as box office revenue from the movie "Hancock."

Citigroup tries to halt plunge in share price

NEW YORK: For months, the largest U.S. banks have struggled to regain investors' trust. In the center of the vortex is Citigroup, whose precipitous stock-market plunge accelerated in the past week, sending shock waves through the financial world.

Hiscox warns of massive plunge in fine art prices

Hiscox, the largest specialist insurer of fine art in Europe, has warned that fine art prices could plunge by nearly 50% as wealthy investors show signs of reining in their spending, according to a report in The Daily Telegraph, London.

Market plunge creates IRA opportunity

I've watched my IRA investments take a major hit over the last few weeks. In trying to plan for the long run, is now a good time to roll over what's left of my IRA into my Roth IRA? Am I taxed for the current value of my IRA?

Citigroup share plunge forces action

THE board of global banking giant Citigroup was under pressure on Friday night to take drastic action to reverse a run on its share price that reflects a major crisis of confidence among investors.

US Stocks Plunge; Auto Doubts Weigh, Citigroup FallsThe 2008 stock-market crash looks like the worst since the 1929 to 1933 event as fears spread to the health of some of the world's largest...

The 2008 stock-market crash looks like the worst since the 1929 to 1933 event as fears spread to the health of some of the world's largest manufacturers and financial institutions

Art prices plunge to Earth

NEW YORK - SOTHEBY'S on Tuesday bowed to economic realities and slashed prices for much-hyped contemporary art works at an auction where almost a third of lots failed to sell.

Panasonic Shares Plunge on Sanyo Electric Deal

Lucrative...provocative...and completely illegal. CNBC takes you inside the business of high-end prostitution.

Mortgage rates plunge this week

The roller-coaster ride continues with mortgage rates. This week, they climbed to the highest level in three months, matching the highest level of the year.

Sony profits plunge 90 percent

Japan's Sony said on Wednesday its operating profit plunged 90 percent in the second quarter of the financial year, hit by a surging yen, a weak global economy and intense price competition.

Sony Profits Plunge 72 Percent for Quarter

Sony Corp.'s quarterly profit plunged 72 percent as a surging yen wiped out perks from flat-panel TV and PlayStation 3 sales, as well as box office revenue from the movie "Hancock."

Stock markets plunge across world

Global share markets are falling amid investors' widening fears of a sustained worldwide economic recession.

Sony shares plunge on profits warning

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MAJOR BANK STOCKS PLUNGE AGAIN

Canada's major financial stocks were pummelled again yesterday, with Royal Bank taking one of the biggest hits -falling more than 13 per cent in heavy trading.

Contemporary art stars plunge to Earth in auction

Sotheby's on Tuesday bowed to economic realities and slashed prices for much-hyped contemporary art works at an auction where almost a third of lots failed to sell.

Contemporary art stars plunge to Earth in auction

Sotheby's on Tuesday bowed to economic realities and slashed prices for much-hyped contemporary art works at an auction where almost a third of lots failed to sell.

Contemporary art stars plunge to Earth in auction

NEW YORK (AFP) - Sotheby's on Tuesday bowed to economic realities and slashed prices for much-hyped contemporary art works at an auction where almost a third of lots failed to sell.

Google takes SLA plunge with apps suite

This e-book outlines how service providers can address important goals through the right application of software—in particular, the execution of a common information model that can help them fully realize the advantages of their network’s software-oriented architecture (SOA).

WRAPUP 3-Bank profits plunge but capital still the driver

Barclays rejigs capital plan, axes bonuses * BNP Paribas tumbles on fresh talk of capital hike * Macquarie shares soar 26 pct, no plans to raise cash now * MUFG Q2 falls 61 pct, sticks to lowered forecast * HSBC cuts 500 jobs from Asia (Adds Barclays, BNP details)

Sony Reports 72 Pct Plunge in Quarterly Profit

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Sony reports 72 pct plunge in quarterly profit

People crowd at Sony Corp.'s PlayStation booth during a media preview of the annual Tokyo Game Show in Chiba near Tokyo Thursday, Oct. 9, 2008. Sony's fiscal second quarter profit has plunged 72 percent as a surging yen wiped out the perks from solid flat-panel TV and PlayStation 3 game machine sales, the Japanese electronics and entertainment company reported Wednesday, Oct. 29, 2008. (AP Photo/Katsumi Kasahara)

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