--(www.USEquityNews.com)-- 04/18/2008 - Financial industry alert provided by U.S. Equity News. Knight Capital Group Inc. (NASDAQ: NITE) shares surged Wednesday after the financial-services firm's first-quarter earnings surpassed Wall Street estimates. The stock rose $1.56, or 10 percent, to $16.59 in afternoon trading. In the past year, the shares have ranged from $11.50 to $18.49. The company, which executes electronic trades for its clients and provides asset-management services, reported 2 percent higher profit in the quarter, helped by strong results from its global markets business.
U.S. Trust, Bank of America Private Wealth Management, as Trustee of the Cross Timbers Royalty Trust (NYSE: CRT), today declared a cash distribution to the holders of its units of beneficial interest of $0.326024 per unit, payable on May 14, 2008, to unitholders of record on April 30, 2008. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions. Cross Timbers Royalty Trust operates an express trust in the United States. The company holds 90% net profits interests in various producing and nonproducing royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico.
SmallCapVoice.com, Inc. today announced that a new audio interview featuring, Kim Thompson, CEO of Kraig Biocraft Laboratories, Inc. (OTC BB: KBLB) is now available at SmallCapVoice.com. The interview can be heard here at http://www.smallcapvoice.com/kblb/kblb-4-16-08.php. Investors and potential investors can learn more about Kraig Biocraft Laboratories, Inc. via the SmallCapVoice.com Investor Fact Sheet here http://www.smallcapvoice.com/kblb/factsheet.html.
Citigroup Inc. (NYSE: C) lost $5.1 billion during the first quarter and will eliminate about 9,000 more jobs, as poor bets on mortgages and leveraged loans lopped billions of dollars from its investment portfolio. Write-downs related to mortgages and turmoil in the credit markets reached more than $12 billion, and costs stemming from consumers' credit problems surpassed $3 billion, the bank said Friday. And in a conference call with analysts, Citigroup chief financial officer Gary Crittenden said the bank, seeking to cut costs, is eliminating about 9,000 additional jobs.
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