Yahoo! Inc. Acquires SnapChat Rival Blink; Citigroup Fires 11 People amidst Banamex Investigation

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05/15/2014 [ACCESSWIRE]

Yahoo! Inc. (NASDAQ: YHOO) - For an in-depth report on Yahoo! Inc. follow:

Shares of Yahoo! closed down 0.67% on Wednesday with nearly 16 million shares traded on Wednesday. The stock was one of the most active stocks on the NASDAQ after it was revealed that the company has acquired Blink, a SnapChat rival with a "self-destructing" message app. Blink made the announcement on their blog.

Citigroup Inc. (NYSE: C) - For an in-depth report on Citigroup Inc. follow: 

Shares of Citigroup closed down modestly in the red on Wednesday with about 12.3 million shares traded. The stock was one of the most active stocks on the NYSE. The company fired 11 people for failing to prevent or discover the wrongdoing as the U.S. bank is investigating a $400-million loan fraud at its Mexico unit Banamex. Citigroup said that more will face punishment.

zulily, Inc. (NASDAQ: ZU) - For an in-depth report on zulily, Inc. follow:

zulili Inc. shares closed up 9.31% on Wednesday with nearly 9.5 million shares traded. The stock was one of the biggest gainers on the NASDAQ. The company’s lockup period expired allowing insiders to sell shares for the first time since the company’s IPO six months ago.

Rainbow International, Corp. (OTC: RNBI) - For an in-depth report on Rainbow International, Corp. follow:

Shares of Rainbow International closed up 36.67% on Wednesday making it one of the biggest gainers in the OTC market. The stock traded around 8.5 million shares and hit a new yearly high of $0.19 during intra-day trading. There was no news from the company to explain the breakout. The company acquires and explores mining properties in Turkey.



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