Citigroup Beats Profit Estimates, Revenues Decline

July 16 (Bloomberg) -- Bloomberg's Dominic Chu reports that Citigroup Inc., the third-biggest U.S. bank, reported a 12 percent drop in second-quarter profit that beat analysts’ estimates on revenue from advising on mergers and underwriting stocks and bonds. Net income declined to $2.95 billion, or 95 cents a share, from $3.34 billion, or $1.09, a year earlier, the New York-based bank said today in a statement. He speaks on Bloomberg Television's "In The Loop."

Amazon's Presence at the Oscars
51:24 - Hollywood's biggest weekend is just around the corner with the 89th annual Academy Awards on Sunday. We see some familiar names like Meryl Streep and Ryan Gosling, but there is one new player grabbing attention. Bloomberg's Kaitlin Meehan reports on “Bloomberg Technology.” (Source: Bloomberg)
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