Orlando, FL -- (SBWIRE) -- 09/06/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Hewlett-Packard Company(NYSE:HPQ), Citigroup Inc. (NYSE:C).
Hewlett-Packard Company(NYSE:HPQ) shares declined 0.67% to $22.12. HP on Sept. 5 announced the HP ENVY Recline All-in-One PC series, offering the best, most immersive touch experience available on an All-in-One PC. With an innovative product design, HP's new All-in-One PCs allow users to pivot the touch screen lower and closer, making the interaction more accessible and comfortable.
Additionally, the company on Sept. 1 announced that the HoneyBaked Ham Company of Georgia to increase data center capacity and performance, enabling improvements in the intelligent real-time decision making that is critical to meeting seasonal business demands.
Moreover, the company on August 21 said that it earned $1.39 billion, or 71 cents per share, in the fiscal third quarter that ended on July 31. That's up from a loss of $8.86 billion, or $4.49 per share, a year ago. Excluding one-time items, HP earned 86 cents per share in the latest quarter, a penny below Wall Street's expectations. Nonetheless, revenue fell in nearly all of the company's business segments, with total revenue down 8 percent to $27.2 billion from $29.7 billion. Analysts expected slightly higher revenue of $27.3 billion.
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Citigroup Inc. (NYSE:C) stock increased 0.52% to $49.86. Citigroup Inc. (C:US), on Sept. 3 said it will sell its emerging-markets private-equity unit to the Rohatyn Group to comply with new curbs on risky bank investments. Terms weren’t disclosed.
The combined firm, dubbed TRG, will have more than $7 billion in assets (C:US), including about $6 billion in private equity, according to a statement today from both companies. TRG will have 18 offices globally and investments will include private equity, real estate, infrastructure, hedge funds, fixed income and inflation-linked bonds.
Additionally, the company on August 14 announced the commencement of offers to purchase for cash certain of its notes of the series set forth in the table below (each offer with respect to any series set forth in the table below, an "Offer" and, collectively, the "Offers"). We refer to our offer to purchase each series of Notes as an "Offer" and collectively as the "Offers." The Notes have an aggregate principal amount outstanding of approximately $11.5 billion as of August 13, 2013.
Is C going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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