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Citigroup Reduces Russian Assets in 1st Quarter and LinkedIn Gives Disappointing Forecast

Citigroup Inc. (NYSE: C) reduced Russian assets amidst the Ukraine crisis in the first quarter. The company said in a filing that while political tensions in Russia and Ukraine haven’t yet had a material impact on results, “future developments, including the imposition of any additional sanctions against Russian entities, business sectors, individuals or otherwise, could negatively impact the business." In a quarterly filing, Citigroup said that the company's exposure to Russia dropped 9 percent to $9.4 billion as of March 31 from the end of 2013. Citigroup Inc., a diversified financial

Time Warner Announces their First IP Set Top Box and YELP Upgraded to “BUY” at Citigroup

Time Warner Cable Inc. (NYSE: TWC) announced the development of its first IP set-top box that integrates the Reference Design Kit (RDK) platform. Time Warner Cable is working with Humax, digital set-top box manufacturers, to create the IP-based set-top box that features its next generation cloud navigator. “We’re very excited as this is the first implementation of the RDK for Time Warner Cable and steers us towards the future of an all IP service,” said Matthew Zelesko, Time Warner Cable’s Senior Vice President, Converged Technology Group. “The RDK continues to evolve thanks to the

Citigroup Beats Estimates on Q1 Earnings and Ericsson’s Vice President is resigning

Citigroup Inc. (NYSE: C) surpassed expectations after announcing $3.9 billion in first-quarter earnings, or $1.23 a share, on revenues of $20.1 billion. On an adjusted basis, the global bank's earnings were $4.1 billion, or $1.30 a share. Analysts polled separately by Thomson Financial Research and FactSet had only expected earnings per share of $1.14. Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions. The company’s Global Consumer Banking segment provides

Citigroup under Investigation over Mexico Operations and Hewlett-Packard Gets Price Target Upgrade

Citigroup Inc. (NYSE: C) shares dropped after it was revealed that the U.S. is opening a criminal investigation into alleged fraud in the company’s Mexico operations. The investigation is over a $400 million deal linked to its Mexican unit, Banamex, where some falsified documents may have helped an oil services company get a loan it cannot repay. The FBI will oversee the investigation but Citi also faces a civil probe by the SEC. Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and

Citigroup Fails the Fed’s Stress Test and CBS Outdoor Americas Makes Solid Debut on the NYSE

Citigroup Inc. (NYSE: C) shares fell this week after the Federal Reserve rejected the plans of Citigroup and four other banks to raise dividend payments and increase stock buybacks. The Fed said the company’s management practices or capital cushions are not robust enough to withstand a severe economic downturn. Twenty five other banks including Bank of America and Goldman Sachs took part in the Fed’s annual stress test and passed for their planned dividend payouts and share repurchases. Citigroup, among others including HSBC North America Holdings and Santandar Holdings USA all were

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