Citigroup (NYSE:C) Fined $400 Million By The OCC Over Risk Management And Quality Control Practices

Citigroup Inc. (NYSE:C) has agreed to pay a fine of $400 million over deficiencies related to internal controls and risk management, according to the Office of the Comptroller of Currency. A statement from the OCC said that the company has to seek its “non-objection before considering any new acquisitions. Citigroup warned of its risk management […]

Gold Fields Limited (ADR) (NYSE:GFI) Appoints Two New Non-Executive Directors

Gold Fields Limited (ADR) (NYSE:GFI) has announced that it has that it has appointed two new non-executive directors as part of its board. The newly appointed non-executives are Peter Bacchus and Alhassan Andani. This is the fourth time that the company has announced the appointment of new directors in a span of two months. Mr. […]

Share Outlook For Domino’s Pizza, Inc. (NYSE:DPZ) Positive Thanks To Growing Sales

Sales at Domino’s Pizza, Inc. (NYSE:DPZ) have been on an upward trend, with a directly proportionate reflection of the share performance. The company’s sales were up by 10% in the third quarter of 2014 while the international sales had a 7.7% rise in the same period. Though the shares have not been doing so well […]

Nabors Industries Ltd. (NYSE:NBR) Ratings From Investor Firms

Nabors Industries Ltd. (NYSE:NBR)share target prices have been reviewed by most of the brokerage firms that trade its shares. According to a report from the, analysts from Argus lowered their target price on the company’s shares from $20 to $15. The research note report was available to investors on Monday. Argus currently has a […]

Citigroup Inc. (NYSE:C) Fined $16 Million For Overcharging Accounts Awaiting Q3 Earnings Report

Boston, MA 10/13/2014 (wallstreetpr) – Citigroup Inc. (NYSE:C) has reached an agreement with the attorneys general office in New York for the payment of $16 million as compensation, for a number of investments accounts it had overcharged. The overcharging claims trace back to 2012 on a number of claims that had been raised in Westchester […]

Should Micron Technology, Inc. (NASDAQ:MU) Bother About Microchip Technology Inc. (MCHP)’s Comment On Correction In Semiconductor Industry?

Boston, MA 10/13/2014 (wallstreetpr) – Will Micron Technology, Inc. (NASDAQ:MU) be one of the companies to witness a slowdown in the consumer demand in the coming quarters? Will its performance be lower than the expectations? If there is going to be slow down, not just Micron, but the entire industry would face it. Undoubtedly, the […]

Luxottica Group SpA (ADR) (NYSE:LUX) Stock Records Steepest Fall In Six Years As Second CEO Resigns

Boston, MA 10/13/2014 (wallstreetpr) – Luxottica Group SpA (ADR) (NYSE:LUX), the biggest eyewear manufacturer of the world, fell in Milan trading as its Chief Executive Officer resigned. Stock Affected Critically According to an article, Luxottica announced the loss of its second CEO in less a month’s time recently. The news led to an almost immediate […]

Is Regions Financial Corp (NYSE:RF) Among The Hackers List Of Firms?

Boston, MA 10/10/2014 (wallstreetpr) – Is Regions Financial Corp (NYSE:RF) among the list of firms under hackers for potential data theft? It appears that the investigation into the cyber attack by the hackers was bringing out more and more startling revelations. If the initial indication was related to the top line financial institutions and companies, […]

Envision Healthcare Holdings Inc (NYSE:EVHC): Clayton, Dubilier & Rice, LLC, And Other Officers Sell Shares Privately

Boston, MA 09/24/2014 (wallstreetpr) – Provider of physician-led, outsourced medical services, Envision Healthcare Holdings Inc (NYSE:EVHC) disclosed that some of the investments connected with Clayton, Dubilier & Rice, LLC, and some of its Directors and executive officers were selling shares to Citigroup Inc (NYSE:C). Sale of Shares In what could be termed as insiders selling […]

Northern Trust Corporation (NASDAQ:NTRS): S&P Capital IQ Lifts Price Target By $4

Boston, MA 09/24/2014 (wallstreetpr) – Financial advisor, S&P Capital IQ has boosted its price objective on the shares of a financial service provider, Northern Trust Corporation (NASDAQ:NTRS). However, the brokerage has trimmed its earnings estimations for the current fiscal year. Boosts Price Tag Analyst Erik Oja has lifted the price objective on the shares of […]

Citigroup Inc (NYSE:C) Moves To Court For Seeking Stay On Argentine Debt Order As Penalties Threat Prevails

Boston, MA 09/23/2014 (wallstreetpr) – Citigroup Inc (NYSE:C)’s Argentina debt case is getting complicated as the deadline for interest payment remains due on September 30, 2014. In order to deal with the deadline hassle, the bank is planning to urge the U.S. judge to put on the hold, the order that bars it from processing […]

Citigroup Inc (NYSE:C): Profit-Booking Expected Near $54-55

Boston, MA 09/19/2014 (wallstreetpr) – Citigroup Inc (NYSE:C) (Closed: 53.66, Up: 2.42%) started running from the very opening minute and didn’t stop rising till mid-hours and ended the day near the day high. The buzz came from the news of the company offering mortgages with a discounted rate to the distressed borrowers or borrowers with […]

Citigroup Inc (NYSE:C) Moves To The U.S. Appeals Court Against Injunction In Argentine Bond Payment Case

Boston, MA 09/19/2014 (wallstreetpr) – The Argentine bond payment lawsuit of Citigroup Inc (NYSE:C) has reached out to the U.S. appeals court now. Yesterday, the bank put forward its arguments regarding the serious forthcoming hazard that it might face in case the interest payments are not processed. The bank is unable to make these payments […]

Sunoco Logistics Partners L.P. (NYSE:SXL) Prices Its Public Issue Of Units at 6.6% Discount To Its 52-Week High Price

Boston, MA 09/18/2014 (wallstreetpr) – Operator of logistics business, Sunoco Logistics Partners L.P. (NYSE:SXL), disclosed the pricing of its public offering of common units, which was 6.6% lower than the yearly high price. The company intends to use the proceeds to payback part of its outstanding borrowing. Pricing Public Issue The company has priced its […]

Citigroup Inc (NYSE:C) Unit And Volkswagen of America Unveils After-Sales Credit Card

Boston, MA 09/17/2014 (wallstreetpr) – Diversified financial services provider, Citigroup Inc (NYSE:C)’s subsidiary, Citi Retail Services disclosed that it has a struck a multi-year deal with Volkswagen America, Inc. for its After-Sales credit card initiative in the U.S. Advantages of Card Citigroup Inc (NYSE:C) Retail Services said that the program’s objective was to offer a […]