Revlon awaits makeover from plunge into red ink

Article Abstract:

Revenues of cosmetics firm Revlon Inc dropped 37% to $351 million in the second quarter while losses increased sixfold to $25 million. Revlon has posted losses for the seventh consecutive quarter and it is not expected to post profits until next year. As a result of its losses, the company has cut 12% of its staff and intends to eliminate more jobs by end of the year. Revlon's problems come at a time when other cosmetic companies are also experiencing financial difficulties.

Sales, profits & dividends, Toilet Preparation Manufacturing, Toiletries, Revlon Inc.

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Your dollar in Europe is now worth...And that's not necessarily bad

Article Abstract:

A weak US economy as well as sluggish stock markets and huge trade deficits has pushed the dollar to all time lows against the Euro but many economists are not surprised with the developments. Analysts think that the fall has helped many American companies sell their products at much lower rates in other countries but this has also pushed up rates of foreign goods in America and the economic impact depends entirely on the extent of decline.

Forecasts, trends, outlooks, Administration of General Economic Programs, Foreign Exchange & Reserves Policy, Forecasts and trends, Foreign exchange, United States economic conditions, Market trend/market analysis, Dollar (United States), Balance of trade, Stock markets, Stock market

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Citigroup starts new discount brokerage online

Article Abstract:

Citigroup has launched its own online discount brokerage service called Cititrade, which will allow consumers to buy and sell stocks online for $29.95 a trade or by telephone with a broker for $49. Cititrade will also allow consumers to trade bonds, mutual funds and options as well as the opportunity to pay bills electronically. Citigroup will market Cititrade through the Internet and to its customers and 40 million credit card holders.

Services introduction, Securities Brokerage, Securities Trading, Securities industry, Citigroup Inc.

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