Wall Street ends off lows in attempt to move past Citigroup

4:03 pm ET Nov 5, 2007

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Wall Street ends off lows in attempt to move past Citigroup

NEW YORK
Wall Street scaled back its losses Monday as investors looked beyond
Citigroup Inc.'s likely write off of $11 billion more in credit-related
losses to focus on stocks outside the embattled financial sector.

Sun Microsystems swings to profit as gross margins rise

SAN FRANCISCO
Sun Microsystems Inc. on Monday said it swung to a fiscal first-quarter
profit from a loss a year ago as sales showed a slight increase and
gross margins at the computer server and software maker continued to
rise.

Citigroup restates quarterly earnings down by 3 cents a share

NEW YORK
Shares of Citigroup Inc. fell again Monday, shedding nearly 5% after the
company ousted chairman and CEO Chuck Prince over the weekend, warned it
would take more than $8 billion in new mortgage debt-related write-downs
and said its third-quarter profit would be 3 cents lower than previously
stated.

Banks made it tougher for everyone to get loans, Fed says

WASHINGTON
Major banks made it much tougher for all types of customers to get loans
over the past three months, according to the Federal Reserve's quarterly
survey of bank lending officers.

Capitol Report: Adult use of children's health plan originally passed
Bush muster

WASHINGTON
In vetoing one children's health bill and threatening to veto a second,
President Bush has complained about adults receiving benefits under the
program for which Congress wants to more than double funding.