Google, Citi to Invest $55M Each In California Wind Farm
Google Inc. (GOOG) and Citigroup Inc. (C) said Tuesday they will each invest $55 million in a California wind farm they said will be the country's largest by the end of the year. Google has invested more than $400 million in renewable-energy projects that generate electricity as well as attractive returns, while also contributing to a clean-energy future, said Rick Needham, the Internet company's director of green business operations. Read More...
Citigroup maintains target for TAIEX
Citigroup Global Markets said yesterday it maintained a previous forecast that the TAIEX would hit 10,000 points this year, partly on strong capital inflows. Meanwhile, the presidential election scheduled for January next year is expected to prompt the government to support the local stock market in the run-up to the election to secure victory and stay in power as past governments had done, the brokerage said.Read More...
An Investment in Citigroup With Almost No Downside?
After Citigroup (C) reported earnings last month (see conference call transcript here), it became more apparent the company was on the right trajectory, rebuilding itself out of the hole it was in at the nadir of the recession. Though shares appeared relatively cheap at the time, I thought it would be prudent to wait and see how the stock would react to the 1:10 reverse split (which occurred two weeks ago). Since the company effected the reverse split, shares have headed almost straight down, dropping nearly 10% before stabilizing in the past two days.Read More...
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