Stocks tumbled Friday on worries about the government taking a bigger chunk of Citigroup and a bleak reading on the economy, again touching 12-year lows.
Stocks were poised to open lower Friday after Citigroup and the Treasury Department announced a deal giving the U.S. government more control of the bank's common stock, and the government reported that the economy shrank more than expected in the fourth quarter.
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Read full story for latest details.
You and I will soon own a very big chunk of Citigroup.
Stocks tumbled Friday on worries about the government taking a bigger chunk of Citigroup and a bleak reading on the economy, again touching 12-year lows.
Stocks were poised to open lower Friday after Citigroup and the Treasury Department announced a deal giving the U.S. government more control of the bank's common stock, and the government reported that the economy shrank more than expected in the fourth quarter.
Read full story for latest details.
Read full story for latest details.
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