Core Business Alert : Ford Motor Company, Citigroup Inc, AT&T Inc, Sprint Nextel Corporation

New York, NY -- (SBWIRE) -- 03/21/2013 -- The Ford Motor Company (NYSE:F) will close its overseas factory in Belgium next year, citing overproduction and low sales in Europe.

According to the Associated Press, the Dearborn-based manufacturer revealed Tuesday that it will will pay $750 million in separation benefits to hourly workers at its factory in Genk, Belgium.

Ford said the closure will result in the loss of about 4,300 jobs by the end of 2014. Production will be transferred to the company's plant in Valencia.

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Citigroup, Inc. C (NYSE:C) is -0.30 - -0.65% from the previous close of $46.09. It traded between $45.77 - 46.45 with total traded volume of 16058273 shares. At Current Market Price, C is in the distance of +4.12% from its 50-day Moving Average price of $43.9777 and +18.03% from its 200-day Moving Average price of $38.7945.

How Should Investors Trade C Now? Find Out Here

AT&T Inc. (NYSE: T) reported EPS in 1.25. For the Current Fiscal year, the company is expected to report EPS of 2.52. For the Next Quarter and Next Year, the company is expected to report EPS of 0.71 and 2.71 respectively. At Current Market Price, T is in the distance of +0.99% from its 50-day Moving Average price of $35.7946 and +2.32% from its 200-day Moving Average price of $35.3316.

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Sprint Nextel (NYSE: S) traded up 0.50% on Thursday, hitting $6.06. Sprint Nextel has a 52-week low of $2.30 and a 52-week high of $6.11. The stock’s 50-day moving average is currently $5.81. The company’s market cap is $18.245 billion.

Sprint Nextel (NYSE: S) last announced its earnings results on Thursday, February 7th. The company reported ($0.44) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.46) by $0.02. The company had revenue of $9.01 million for the quarter, compared to the consensus estimate of $8.93 million. During the same quarter in the previous year, the company posted ($0.43) earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts expect that Sprint Nextel will post $-0.87 EPS for the current fiscal year.

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