Industry News

Citigroup losses, retail sales spook investors

Financial, real estate stocks hit hard
Published on Jan 16, 2008

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by CareyBot

An $18.1 billion write-down on investments tied to subprime mortgages at Citigroup Inc. and a report showing a slowdown in retail sales in December prompted a broad sell-off in the stock market Tuesday, with real estate and financial stocks among ...

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