Realogy the parent company of Sotheby's International Realty and NRT, itself the parent company of Corcoran and Citi Habitats, posted a $1.9 billion loss in 2008, the company announced. The company's CEO, Richard Smith, denied rumors the company would file for bankruptcy protection, and said the company's day-to-day operations would not be affected. Equity firm Apollo Management has promised financial assistance if necessary. [Inman]
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