Citigroup Loses $7.8B in Fourth Quarter

Citigroup became the latest bank to take a cautious view of consumers' credit problems, reporting a $7.77 billion fourth-quarter loss due to failed loans and the costs of repaying $20 billion in government bailout money.

Stocks End Mixed As Earnings Loom

Investors waiting for earnings reports to start rolling in held to modest moves after a two-day spike in stocks.