Massive green energy company reports nearly $1 billion in losses, calls for ‘further governmental action’
Global green energy company Siemens Gamesa reported Thursday that it lost a staggering $967 million in the three months from October to December. The self-proclaimed ‘world leader in offshore power generation’, the Germany-based company said in the financial year that the wind industry faces a range of adverse pressures that will lead to negative growth […]
Citigroup's fourth-quarter profit declines by 21% as bank sets aside more money for credit losses – CNBC
Citigroup said it had identified the cause of the flash crash and fixed the error “within minutes.” Jim Dyson | Getty Images News | Getty Images city group Net income in the fourth quarter fell more than 21% year-on-year as banks secured more funds for potential credit losses. Equities were flat early in trading as […]