For the time being, yes. But if Wall Street continues to struggle, that could change.
The banking behemoth's first-quarter earnings report includes a smaller than expected loss, pushing shares up in pre-market trading.
BOSTON (Reuters) - Diversified U.S. manufacturer Honeywell International Inc on Friday posted profit that topped Wall Street's expectations, as strong growth outside the United States overshadowed weak demand for consumer products such as thermostats and antifreeze.
NEW YORK (Reuters) - Citigroup Inc posted its second straight quarterly loss on Friday, hurt by more than $16 billion of write-downs and costs related to credit losses, and said it will cut another 9,000 jobs.
NEW YORK (Reuters) - Stocks rose sharply on Friday after quarterly results from Citigroup Inc gave investors hope the credit crisis was nearing an end, while higher-than-expected results from Google Inc sparked a rally in Internet stocks.
NEW YORK (Reuters) - Talbots Inc affirmed its 2008 outlook on Friday and said meeting that goal would give it sufficient funding to continue turning around its business.
NEW YORK (Reuters) - AT&T Inc said on Friday it would cut its work force by 1.5 percent, or 4,600 jobs, primarily affecting management-level employees, resulting in a first-quarter pre-tax charge of $374 million.
LONDON (Reuters) - Royal Bank of Scotland is set to raise cash from its shareholders next week, an industry source said, in a move which analysts believe could raise over $20 billion and lead to similar action by other UK banks.
NEW YORK (Reuters) - Xerox Corp , the leading provider of digital printers and document management services, on Friday reported a quarterly loss as a $491 million litigation charge overshadowed solid sales growth.
CHICAGO (Reuters) - Caterpillar Inc reported a better-than-expected quarterly profit on Friday as strong international sales more than offset what the company characterized as a "recessionary storm in the United States."
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