Stocks and Finance

Citigroup

Citigroup 1/17/2012

06:36 : Government Reconsiders Quick Sale of Citigroup Stake - Two days after Citigroup moved to untangle itself from Washington, the Treasury backed away from plans to immediately sell a portion of its stake in the bank, according to a person briefed on the situation.
Source : nytimes-com

Citigroup 1/12/2012

22:23 : Kodak Reported in Talks with Citigroup for Bankruptcy Cash - Eastman Kodak Co is in advanced talks with Citigroup Inc to obtain financing that would be used if the money-losing photography company files for bankruptcy protection, Bloomberg News said on Thursday, ...
Source : ibtimes-com
21:39 : Kodak eyes bankruptcy cash from Citigroup: report - (Reuters) - Eastman Kodak Co is in advanced talks with Citigroup Inc to obtain financing that would be used if the money-losing photography company files for bankruptcy protection, Bloomberg News...
Source : reuters-com
15:45 : Forbes Earnings Preview: Citigroup - Analysts have become increasingly bearish on Citigroup (C) in the month leading up to the company's fourth quarter earnings announcement schedule for Tuesday, January 17, 2012. The consensus analyst estimate has moved from 76 cents a ...
Source : forbes-com

Citigroup 1/9/2012

10:28 : Citigroup raises its price targets on major card firms and payment process - Citigroup raises its price targets on major card firms and payment processors, including MasterCard (MA +0.95%) and Visa (V -0.9%), and expects the sector to outperform in 2012, due to loan growth, receding ...
Source : seekingalpha-com

Citigroup 1/6/2012

06:22 : Citigroup ends talks to sell OneMain unit: report - FRANKFURT (MarketWatch) -- Citigroup Inc. ended talks to sell its OneMain consumer-lending unit to private-equity buyers without a deal in place, The Wall Street Journal reported Friday, citing people familiar with the ...
Source : marketwatch-com

Citigroup 1/3/2012

10:35 : VF Corp. ([[VFC]] +3.1%) jumps after Citigroup upgrades the stock to Buy ... - VF Corp. (VFC +3.1%) jumps after Citigroup upgrades the stock to Buy from Neutral, hikes the price target to $157 from $137 and adds it to the firm's "top picks live" list. Citi cites "strong brands" and "secular growth opportunities" ...
Source : seekingalpha-com

Citigroup 12/29/2011

20:30 : SEC chided again by judge in Citigroup fraud case - The U.S. Securities and Exchange Commission got a fresh dressing-down from the judge who rejected its $285 million settlement with Citigroup Inc, as he said the regulator kept him out of the loop on its efforts to salvage the case.
Source : ibtimes-com

Citigroup 12/28/2011

13:13 : Citigroup selling Belgian retail assets - NEW YORK (AP) -- Citigroup Inc. is selling its Belgian consumer business to French bank Credit Mutuel Nord Europe as the New York bank continues to sell off operations that it deems are outside its core business....
Source : usnews-com
12:35 : Citigroup to sell Belgian retail business to CMNE - BRUSSELS (Reuters) - Citigroup has agreed to sell its retail business in Belgium to Credit Mutuel Nord Europe (CMNE), the French firm said in a statement on Wednesday.
Source : reuters-com

Citigroup 12/27/2011

23:48 : Court Grants Delay in S.E.C.#x2019;s Case Against Citigroup - A federal appeals court will consider an appeal of a lower court#x2019;s decision to throw out a $285 million fraud settlement between the commission and Citigroup.
Source : nytimes-com
21:47 : U.S. Appeals Court Delays SEC-Citigroup Fraud Case - The U.S. Securities and Exchange Commission won a delay in its securities fraud lawsuit against Citigroup Inc, as the regulator tries to appeal a judge's decision to reject its $285 million settlement with the bank.
Source : ibtimes-com
19:13 : Appeals court delays SEC-Citigroup fraud case - (Reuters) - The Securities and Exchange Commission won a delay in its securities fraud lawsuit against Citigroup Inc, as the regulator tries to appeal a judge's decision to reject its $285 million settlement with the bank.
Source : reuters-com
16:58 : SEC Seeks Emergency Halt to Citigroup Fraud Case - The Securities and Exchange Commission filed an emergency request to put its securities fraud lawsuit against Citigroup Inc on hold, saying a failure to delay the case would derail its proposed settlement with the bank and threaten "irreparable" ...
Source : ibtimes-com

Citigroup 12/15/2011

18:47 : SEC appeals judge's rejection of Citigroup deal - The top market regulator is appealing a judge's rejection of a major Citigroup Inc civil securities fraud settlement, according to court papers filed on Thursday.
Source : ibtimes-com
16:38 : S.E.C to Appeal Rejection of Citigroup Settlement - The Securities and Exchange Commission said it would appeal a federal judge#x2019;s decision to reject a settlement with Citigroup over securities fraud charges related to the financial crisis.
Source : nytimes-com
14:21 : SEC Enforcement Officials to Push for Rejected Citigroup Deal: WSJ - Enforcement officials at the Securities and Exchange Commission will reportedly recommend that the agency appeal a federal judge's November decision rejecting a $285 million settlement with Citigroup.
Source : ibtimes-com
02:08 : SEC looking to appeal blocked Citigroup settlement: report - (Reuters) - Enforcement staff of the Securities and Exchange Commission may request the commissioners leading the agency that they appeal last month's rejection by a U.S. district judge of a proposed $285 million settlement with Citigroup, ...
Source : reuters-com

Citigroup 12/13/2011

19:15 : Citigroup to raise $180.5 million from Primerica stake sale - (Reuters) - Primerica Inc said Citigroup priced a public offering to sell its remaining stake of about 8.1 million shares in the insurer, in a move that would raise proceeds of about $180.5 million...
Source : reuters-com
13:37 : Citigroup May Sell Part Of Loan To Others - CITIGROUP Inc may sell part of a loan it's providing for China Petroleum and Chemical Corp and ENN Energy Holdings Ltd's bid for China Gas Holdings Ltd to other banks, two sources said yesterday. A decision on...
09:02 : Citigroup to sell remaining stake in Primerica - (Reuters) - Primerica Inc said Citigroup had begun a public offering of its remaining stake in the life insurer, a little over a year after the company was spun-off from the bank through a public...
Source : reuters-com

Citigroup 12/8/2011

10:17 : Hartford, Citigroup lead financials lower - U.S. financial stocks followed the broader market lower on Thursday with Hartford Financial Services Group Inc. and Citigroup Inc. the leading decliners.
Source : marketwatch-com

Citigroup 12/7/2011

18:45 : Citigroup to cut 4,500 jobs to deal with European crisis - Citigroup to cut 4,500 jobs to deal with European crisisThe 4,500 job cuts amount to 1.7% of Citigroup’s workforce on Sep 30 and would still leave the lender with the amount of staff it had at the end of 2009.
13:13 : Citigroup to Eliminate 4,500 Jobs, Take $400 Million Charge - Citigroup Inc. Chief Executive Officer Vikram Pandit will cut about 4,500 jobs in coming quarters as he seeks to reduce costs amid slumping revenue an...
09:51 : Before the Bell: Europe crisis, Citigroup, J.C. Penney in spotlight - U.S. stock futures fall Wednesday as an unnamed German official reportedly pours cold water on hopes that the bailout package for the euro region will be boosted.
Source : marketwatch-com
09:41 : Citigroup To Take $400M Q4 Hit For 4,500 Layoffs - Vikram Pandit, chief executive of Citigroup, said his bank will take nearly a half-billion dollar fourth-quarter charge related to severance and other costs associated with 4,500 layoffs.
Source : forbes-com
08:57 : Seeing a 50% upside, Citigroup ups Hollysys Automation Technologies (HOLI) - Seeing a 50% upside, Citigroup ups Hollysys Automation Technologies (HOLI) to "buy." The stock has been stung by its exposure to China's rail industry, even as its equipment was not implicated in the deadly ...
Source : seekingalpha-com
08:48 : Citigroup Could Get Faster Regulatory Capital than Other Banks: Analyst - Citigroup Inc. (NYSE:C), which announced Tuesday that it would cut about 4,500 jobs, could get faster regulatory capital than other banks, according to a Wall Street analyst.
Source : ibtimes-com
07:58 : Citigroup slashes jobs - Dec. 07 - Citigroup Inc is to cut 4,500 jobs worldwide according to Chief Executive Vikram Pandit, becoming the latest large bank to trim staff. Matt Cowan reports.
Source : reuters-com
02:01 : Citigroup to lay off 4,500 over the next months - Facing stalling growth prospects around the globe, Citigroup's chief executive, Vikram S. Pandit, said Tuesday that the bank would lay off 4,500 workers in the coming months.
Source : detnews-com
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