Earnings roundup: Citigroup, Xerox

Among the earnings stories for Friday, April 18, from AP Financial News:

Top stories:

NEW YORK (AP) _ Citigroup Inc. 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.

HARTFORD, Conn. (AP) _ Xerox Corp. said Friday a litigation charge left it with a loss of $244 million in the first quarter, but its results excluding the one-time item matched Wall Street expectations.

Other stories:

NEW DELHI (AP) _ Wipro Ltd., India's third-largest software company, said Friday that its profit rose 2 percent from a year ago, amid growth in revenues from India, the Mideast and Asia Pacific.

STAMFORD, Conn. (AP) _ Student Loan Corp. said Friday its first-quarter earnings fell 66 percent due to reduced loan volume and rising loan-loss provisions.

DEERFIELD, Ill. (AP) _ United Stationers Inc. said Friday first-quarter earnings matched or fell below year-ago results due to lower sales of office supplies, office furniture and technology products.

NEW YORK (AP) _ Popular Inc., the parent of Banco Popular, said Friday its first-quarter earnings fell 13 percent due to rising loan-loss reserves.