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Showing posts from February, 2014

DealBook P.M. Edition February 28, 2014: Citigroup Revises Earnings on Fraud in Mexico.

For the latest updates, go to  dealbook.nytimes.com » FRIDAY, FEBRUARY 28, 2014 TOP STORY Citigroup Revises Earnings on Fraud in Mexico Citigroup said on Friday that it was revising its results for the fourth quarter and 2013 after it discovered fraud at a subsidiary in Mexico. The company said in a statement that it lent $585 million through Banco Nacional de Mexico, or Banamex, to Oceanografia, a Mexican oil services company, through an accounts receivable financing program. Oceanografia has been a chief supplier to Pemex, the Mexican state-owned oil company. Citigroup later discovered that Oceanografia had been suspended by the government from winning new contracts and began reviewing the financing program. DEALBOOK » For the latest updates, go to  dealbook.nytimes.com » DEALBOOK HIGHLIGHTS Mt. Gox Files for Bankruptcy   Mt. Gox, once the largest Bitcoin exchange in the world, filed for bankruptcy protection on Friday and said that it migh

WSJ | Most Actives Closing February 28, 2014.

THE WALL STREET JOURNAL Most Actives Closing Most Active Stocks by Volume 4:32 pm ET 02/28/2014 NYSE ISSUE VOLUME PRICE CHG % CHG Bank of America (BAC) 124,062,523 $16.53 0.04 0.24 Verizon Communications (VZ) 60,740,141 47.58 0.08 0.17 AT&T (T) 42,953,393 31.93 -0.30 -0.93 General Motors (GM) 39,203,380 36.20 -0.57 -1.55 J.C. Penney (JCP) 35,660,316 7.28 -0.19 -2.54 Ford Motor (F) 35,422,342 15.39 0.00 0.00 Citigroup (C) 31,549,178 48.63 -0.06 -0.12 General Electric (GE) 28,184,050 25.47 -0.03 -0.12 Pfizer (PFE) 27,113,907 32.11 -0.12 -0.37 Vale ADS (VALE) 26,593,845 14.17 -0.16 -1.12 Petroleo Brasileiro ADS (PBR) 22,517,378 11.20 -0.32 -2.78 Nokia ADS (NOK) 22,275,426 7.58 -0.11 -1.43 Rite Aid (RAD) 21,157,480 6.59 -0.15 -2.23 EMC (EMC) 20,394,014 26.37 -0.10 -0.38 E-Commerce China Dangdang ADS (DANG) 18,994,442 14.06 0.95 7.25 Oracle (ORCL) 18,857,388 39.11 0.16 0.41 Salesforce.com (CRM) 18,808,755 62.37 -3.85 -5.81 Alcoa (AA) 18,794,158 11.74 -0