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Early Market News: Google Inc. (NASDAQ:GOOG), Citigroup Inc. (NYSE:C), Costco Wholesale (NASDAQ:COST)

Early Market News: Google Inc. (NASDAQ:GOOG), Citigroup Inc. (NYSE:C), Costco Wholesale (NASDAQ:COST)

More breaking news stories could affect stocks when trading continues later.

The following listed companies should see some movement: Google Inc. (NASDAQ:GOOG), Citigroup Inc. (NYSE:C), Costco Wholesale (NASDAQ:COST).

Here is a more detailed look at the news that will affect each company when trading continues.

Google Inc. (NASDAQ:GOOG)

Google Inc. (NASDAQ:GOOG)

Google Inc. (NASDAQ:GOOG) has increased its investment in O3b Networks Ltd.

Google Inc. (NASDAQ:GOOG) has announced its initial investment in O3b (Other 3 billion), which aims to provide internet access in relatively remote regions in Asia, Middle East and elsewhere. Google Inc. (NASDAQ:GOOG) has undertaken a number of ambitious efforts aimed at expanding internet access.

Google Inc. (NASDAQ:GOOG) said in a statement that, “Google’s mission is to organize the world’s information and make it universally accessible and useful, and so we were early supporters of O3b. We’re glad that O3b is now fully funded to build, launch, and operate its first satellites.”

Citigroup Inc. (NYSE:C)

Citigroup Inc. (NYSE:C)

Citigroup Inc. (NYSE:C) has sold $104.2 million of Reverse-Convertible notes.

According to regulatory filings, Citigroup Inc. (NYSE:C) has sold $104.2 million of reverse-convertible notes in two offerings. Citigroup Inc. (NYSE:C) has also sold $43.5 million of securities tied to Schlumberger Ltd.

Citigroup Inc. (NYSE:C) said in a statement that, “The six-month Wells Fargo-linked securities, which were issued on November 23, pay 9.5 percent annualized interest. The six-month notes tied to Houston- and Paris-based Schlumberger, also sold on November 23, pay 8 percent a year.”

Costco Wholesale (NASDAQ:COST)

Costco Wholesale (NASDAQ:COST)

Costco Wholesale (NASDAQ:COST) has planned voluntarily replace all remaining lead wheel weights with lead alternative weights.

Costco Wholesale (NASDAQ:COST) has announced plans to voluntarily replace all remaining lead wheel weights with Perfect Equipment non-lead alternatives in all stores throughout New York and Vermont.

Robert Moyer, the director of tire operations of Costco Wholesale (NASDAQ:COST) said that, “I am confident that our proactive efforts are a significant step toward reducing the overall amount of lead released into the environment. We’re pleased to be working with an experienced company like Perfect Equipment who provides us with the highest quality product offerings and reliability we can count on. They have overseen our non-lead transition from the start and will continue to the finish.”

Expect more movement when trading continues for Google Inc. (NASDAQ:GOOG), Citigroup Inc. (NYSE:C) and Costco Wholesale (NASDAQ:COST).

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Early Market News: Google Inc. (NASDAQ:GOOG), Citigroup Inc. (NYSE:C), Apple Inc. (NASDAQ:AAPL)

Early Market News: Google Inc. (NASDAQ:GOOG), Citigroup Inc. (NYSE:C), Apple Inc. (NASDAQ:AAPL)

Here is another batch of stock briefings which may affect stock trading as the markets continue today.

The following companies should see some movement: Google Inc. (NASDAQ:GOOG), Citigroup Inc. (NYSE:C), Apple Inc. (NASDAQ:AAPL).

Here is a more detailed look at the news that will affect each company when trading continues.

Google Inc. (NASDAQ:GOOG)

Google Inc. (NASDAQ:GOOG)

The New York Times has reported that Google Inc. (NASDAQ:GOOG) has reached close to buying Groupon.

According to the latest report by the New York Times, Google Inc. (NASDAQ:GOOG) has almost reached a deal to buy the ecommerce coupon based website Groupon Inc, for an amount of $6 billion.

Neither Google Inc. (NASDAQ:GOOG) nor Groupon has come forward with further details, but the people familiar with the matter says that the deal shall soon be confirmed for an amount of $5 – $6 Billion.

Citigroup Inc. (NYSE:C)

Citigroup Inc. (NYSE:C)

Citigroup Inc. (NYSE:C) has been reported to have sold $104.2 million of reverse-convertible notes.

According to the reports from the regulatory filings, the banking giant Citigroup Inc. (NYSE:C) has sold notes under two offering. The first $60.7 million worth notes issued were linked to the stock value of Wells Fargo & Co, and is considered as the largest US sale of the month, on the convertible notes. The second offering worth $43.5 Million of securities were related to Schlumberger Ltd.

Apple Inc. (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL) has started iPad sales in South Korea.

The Mac Maker’s revolutionary tablet reached the market three weeks after Samsung launched its tablet, Galaxy Tab, in the Korean market. KT, the Korean partner for iPhones and iPads, had to manage the one hundred invited customers who lined up in front of the store.

Lee, an iPhone customer, said newspaper Money Today that. “”I love it. I’ve waited for the iPad for such a long time,” I plan to use the iPad on my way to work and at home to study English.”

We could see more movement when trading continues for Google Inc. (NASDAQ:GOOG), Citigroup Inc. (NYSE:C) and Apple Inc. (NASDAQ:AAPL).

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Weekly News Roundup: Citigroup Inc. (NYSE:C)

Here are this week’s stock briefings for Citigroup Inc. (NYSE:C). Citigroup Inc. (NYSE:C) company shares ended the week at 4.11 (as of 11/26/2010).

Weekly News Roundup: Citigroup Inc. (NYSE:C)

Monday 22 November

The Asia-Pacific CEO of Citigroup Inc. (NYSE:C) is to be moved to Singapore.

Shirish Apte, the Co-Chief Executive Officer for the Asia-Pacific region at the Citigroup Inc. (NYSE:C), shall be moved to Singapore to oversee operations in South Asia.

The Chief Executive Officer Vikram Pandit said in a memo to employees that Apte will have responsibility for operations in Australia, India and the ASEAN nations.

It was also reported that Stephen Bird shall remain in Hong Kong.

Tuesday 23 November

A huge chunk of Citigroup Inc. (NYSE:C) stock has been bought by one of its own.

Manuel Medina-Mora, the consumer banking chief of Citigroup Inc. (NYSE:C), has been reported to have bought a nice slice of the bank, worth $2.3 million. The info was reported as per the records in the Securities and Exchange Commission.

With the latest purchase, the total value of Medina-Mora’s Citigroup Inc. (NYSE:C) shares come to $7.5 million.

Mora said in an investor conference that “the emerging markets, which is Citi’s main focus, create an ideal environment for economic expansion and therefore financial system expansion, while the developed world will be slowed by high debts. “These global shifts promise to significantly reshape our industry the banking industry over the next decade.”

Wednesday 24 November

A dispute between Hawaii and Citigroup Inc. (NYSE:C) has been settled.

As per the agreement, Citigroup Inc. (NYSE:C) will buy $869 Million of auction-rate securities from Hawaii, and will compensate the state for the losses on the liquidated securities.

Hawaii’s Attorney General Mark Bennett said that the taxpayers in the state will not lose any principal on their investments in the securities. The statement from the Attorney also says that Citigroup Inc. (NYSE:C) admits no wrongdoing.

Friday 26 November

There are plans by Citigroup Inc. (NYSE:C) to double their staff in China.

According to the business daily Nikkei, Citigroup Inc. (NYSE:C) has decided to increase staff levels in China to 10,000 over three years to better support Japanese companies moving into the country.

Nikkei also added that Citigroup Inc. (NYSE:C) currently has offices for supporting Japanese firms in nine countries, including China and India, and it plans to establish locations in the United Arab Emirates and the Czech Republic next year.

Stephen Bird, the chief executive of Citigroup Inc. (NYSE:C) said that, “The company plans to tap demand among firms including Toyota Motor Corp, Sony Corp and Toshiba Corp, by assisting their expansion into overseas markets.”

We’ll be keeping a close eye on the Citigroup Inc. (NYSE:C) stock price for changes over the next few weeks.

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Market News: Lockheed Martin (NYSE:LMT), Citigroup Inc. (NYSE:C), Bank of America Corp. (NYSE:BAC)

Market News: Lockheed Martin (NYSE:LMT), Citigroup Inc. (NYSE:C), Bank of America Corp. (NYSE:BAC)

Here is another batch of news briefings which could affect stocks on world markets in trading later today.

The following companies should see some movement: Lockheed Martin (NYSE:LMT), Citigroup Inc. (NYSE:C), Bank of America Corp. (NYSE:BAC).

Here is a more detailed look at the news that will affect each company when trading continues.

Lockheed Martin (NYSE:LMT)

Lockheed Martin (NYSE:LMT)

Lockheed Martin (NYSE:LMT) has awarded a contract worth nearly $3m to Lockheed Martin (NYSE:LMT) to produce jets with cleaner emissions.

NASA is looking forward to developing aircrafts with less noise, cleaner exhausts and lower fuel consumption, which can enter in service by 2025. Under the contract, Lockheed Martin (NYSE:LMT) will study the possibilities of integrating the technological elements proposed for meeting NASA’s goal on a single aircraft.

Other than Lockheed Martin (NYSE:LMT), Northrop Grumman has also received a similar contract worth $2.56 million from NASA for studies designed to identify advanced concepts for developing advanced aircrafts.

Citigroup Inc. (NYSE:C)

Citigroup Inc. (NYSE:C)

Citigroup Inc. (NYSE:C) has reassessed its European presence.

It has been reported that the company is looking forward to rebuilding a network of flagship outlets for strengthening its operations in major Western European cities next year. The network is expected to be built across almost 100 cities around the world with 10 to 15 of them in Western Europe.

A person familiar with the plan of Citigroup Inc. (NYSE:C) said, “Further down the road, we will open up in key cities in Western Europe, 2011 is a potential turning point.”

Bank of America Corp. (NYSE:BAC)

Bank of America Corp. (NYSE:BAC)

Bank of America Corporation (NYSE:BAC) has appointed Samuel Losada of Nomura Holdings to its European options trading unit.

A report says that from this week onwards, Samuel Losada of Nomura Holdings will be running the European corporate equity derivatives business of Bank of America Corporation (NYSE:BAC). He will be reporting to Craig Coben, the region’s equity capital markets business and Michael Ward, head of Europe, the Middle East and Africa equity flow sales.

People familiar with the appointment have confirmed the new hire and said that he will be placed in London as a director of derivative business of Bank of America Corporation (NYSE:BAC).

Expect more movement when trading continues for Lockheed Martin (NYSE:LMT), Citigroup Inc. (NYSE:C) and Bank of America Corp. (NYSE:BAC).

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Weekly News Roundup: Citigroup Inc. (NYSE:C)

Here are this week’s stock briefings for Citigroup Inc. (NYSE:C). Citigroup Inc. (NYSE:C) company shares ended the week at 4.27 (as of 11/19/2010).

Weekly News Roundup: Citigroup Inc. (NYSE:C)

Tuesday 16 November

Report says Citigroup Inc. (NYSE:C) has targeted small businesses.

Vikram Pandit, the Chief Executive of Citigroup Inc. (NYSE:C), seems to have a second thought; a transition from the “Globality” to “Locality”, for the company that was known for its Global approaches has now turned towards the local ones.

According to the reports, Citigroup Inc. (NYSE:C) is now targeting the US companies having the annual sales below $20 Million.

It was also said that the giant is also planning to hire 200 more bankers by the end of next year to handle the process.

Wednesday 17 November

Citigroup Inc. (NYSE:C) has reported that China property policy has been struggling to stabilize the market.

The analysts’ group led by Oscar Choi wrote that the government will have to consider the impact on inflation in case the liquidity is flown out of property, and the policy is to be relaxed in the next half year.

“With the government shifting its policy focus to inflation control, we expect policy risks for the property market to stabilize. The property market for sure is not immune to interest rate or reserve-ratio- requirement hikes, but more property-specific measures are unlikely,” they added.

We will be monitoring the Citigroup Inc. (NYSE:C) stock level for changes over the next couple of weeks.

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Weekly News Roundup: Citigroup Inc. (NYSE:C)

Here are this week’s stock briefs for Citigroup Inc. (NYSE:C). Citigroup Inc. (NYSE:C) company shares ended the week at 4.17 (as of 10/29/2010).

Weekly News Roundup: Citigroup Inc. (NYSE:C)

Monday 25 October

Citigroup Inc. (NYSE:C) has said it anticipates a Sukuk demand recovery in a year.

The company said in a statement yesterday that the Demand for Islamic bonds from the Middle East would be increased to the “pre-crisis” levels by the end of the third quarter.

Samad Sirohey, Dubai-based chief executive officer of Citi Islamic Investment Bank E.C., said in a telephone interview “The yields offered here are high, and investors globally are willing to take the risk of investing here to get that spread and return.”

Tuesday 26 October

Citigroup Inc. (NYSE:C) CEO has said that the Basel Accords could make future credit crunches worse.

Vikram Pandit, the Chief Executive Officer at Citigroup Inc. (NYSE:C), said that many of the banking supervision goals set by the Basel Committee would not be effective, and may even lead to make the existing inequalities of capital even worse.

The CEO, who supports higher capital levels, said that the cyclical quality of Basel’s rules might lower targets in good times and raise them back in the bad times.

He said that the result will be “piling risk into the system” when the economy is strong as the capital requirements drop.

”By creating an illusion of safety, Basel actually dulls the sense of urgency further,” he added.

Wednesday 27 October

Citigroup Inc. (NYSE:C) has bought Israel’s 11.69% stake in Discount Bank.

The entire 11.69% stake of the Israeli government in Discount Bank has been bought by Citigroup Inc. (NYSE:C) Global Markets Ltd. Discount Bank said yesterday that the deal was worth 832 Million Shekels [$231 Million], and the stake will be distributed to the shares of other institutional investors.

The Discount Bank is the third largest bank in Israel in terms of market share.

We will be monitoring the Citigroup Inc. (NYSE:C) stock price for developments over the next couple of weeks.

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Market News: IBM (NYSE:IBM), Toyota Motor Company (NYSE:TM), Citigroup Inc. (NYSE:C)

Market News: IBM (NYSE:IBM), Toyota Motor Company (NYSE:TM), Citigroup Inc. (NYSE:C)

Here is another batch of stock briefings which may affect trading on world markets later today.

The following companies should see some movement: IBM (NYSE:IBM), Toyota Motor Company (NYSE:TM), Citigroup Inc. (NYSE:C).

Here is a more detailed look at the news that will affect each company when trading continues.

IBM (NYSE:IBM)

IBM (NYSE:IBM)

IBM (NYSE:IBM) has announced R&D expansion on the Gold Coast.<brbr>IBM (NYSE:IBM) said yesterday that the addition of 34 new staff to the operations would boost the research and development process on the Gold Coast.

Glenn Wightwick, IBM (NYSE:IBM) Australia’s chief technologist and director of the Australia Development Laboratory said, “our Australia Development Laboratory Gold Coast team have world-class expertise in IT security and they play a critical role in the development of IBM’s Tivoli security product portfolio.”

Toyota Motor Company (NYSE:TM)

Toyota Motor Company (NYSE:TM)

Toyota Motor Corporation (NYSE:TM)’s global output has been dropped in the US and Europe.

For the first time this year, the global vehicle production of Toyota Motor Corporation (NYSE:TM), the largest carmaker in the world, has seen total output fall due to a drop in demand in Europe, Japan and North America.

An official statement from Toyota Motor Corporation (NYSE:TM) reveals that global vehicle output has fallen by 1.3 percent to 672,604 units last month. The 16 percent drop in the U.S. and 30 percent decline in Europe were the key reason behind lagging sales.

Citigroup Inc. (NYSE:C)

Citigroup Inc. (NYSE:C)

Citigroup Inc. (NYSE:C) has said it anticipates a Sukuk demand recovery in a year.

The company said in a statement yesterday that the Demand for Islamic bonds from the Middle East would be increased to the “pre-crisis” levels by the end of the third quarter.

Samad Sirohey, Dubai-based chief executive officer of Citi Islamic Investment Bank E.C., said in a telephone interview “The yields offered here are high, and investors globally are willing to take the risk of investing here to get that spread and return.”

We may see more movement when trading continues for IBM (NYSE:IBM), Toyota Motor Company (NYSE:TM) and Citigroup Inc. (NYSE:C).

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Market News: Microsoft Corp. (NASDAQ:MSFT), Google Inc. (NASDAQ:GOOG), Citigroup Inc. (NYSE:C)

Market News: Microsoft Corp. (NASDAQ:MSFT), Google Inc. (NASDAQ:GOOG), Citigroup Inc. (NYSE:C)

Here are several more stock briefings which could affect stocks in trading later today.

The following companies should see some movement: Microsoft Corp. (NASDAQ:MSFT), Google Inc. (NASDAQ:GOOG), Citigroup Inc. (NYSE:C).

Here is a more detailed look at the news that will affect each company when trading continues.

Microsoft Corp. (NASDAQ:MSFT)

Microsoft Corp. (NASDAQ:MSFT)

Microsoft Corporation (NASDAQ:MSFT) has planned a product promotion that will cost nearly $1 billion.

According to an article by tech blogger Peter Kafka, Microsoft is planning a marketing blitz to the tune of nearly a billion dollars.

In the article, Kafka notes that this promotion is intended to hype up the release of Microsoft’s (NASDAQ:MSFT)

Windows Phone 7 and its Kinect gaming system, which is intended to propel the Xbox 360 platform past Sony and Nintendo.

Google Inc. (NASDAQ:GOOG)

Google Inc. (NASDAQ:GOOG)

Google Inc. (NASDAQ:GOOG) has hired State Department’s Jared Cohen for its new “Think/Do Tank.”

Jared Cohen, the youngest member of the State Department to date, is now the latest addition to Google Inc. (NASDAQ:GOOG after being hired last week as the director of the new Google Ideas “think/do tank”

The objective of Google Ideas is to think up and try out ideas that address issues at hand, such as counterterrorism, counterradicalism, and nonproliferation. 

Citigroup Inc. (NYSE:C)

Citigroup Inc. (NYSE:C)

Citigroup Inc. (NYSE:C) has enjoyed rising profits as certain balance sheet items are lowerer for the company.

Greg Morcroft of MarketWatch reported that third-quarter net income rose sharply for Citigroup (NYSE:C) as its credit loss provisions fell. In other words, this means that the company expects to have to write off fewer bad loans.

Morcroft also noted that Citigroup’s (NYSE:C) revenue actually dipped though, as some consumer lending weakened.

We could possibly see more movement when trading continues for Microsoft Corp. (NASDAQ:MSFT), Google Inc. (NASDAQ:GOOG) and Citigroup Inc. (NYSE:C).

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