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News Room / Citigroup Faces Lawsuit over $1 Billion in CDOs; Halcon Resources Beats on Earnings and Revenues

Citigroup Faces Lawsuit over $1 Billion in CDOs; Halcon Resources Beats on Earnings and Revenues

Citigroup Inc. (NYSE: C) - For an in-depth report on Citigroup Inc. follow: www.BullTrends.com/stockquote/C                   

Shares of Citigroup closed up a modest 0.74% on Thursday with about 16 million shares traded. A New York State appeals court has said that Citigroup didn't present enough evidence to fight allegations that the bank lied about the riskiness of CDOs it sold to Loreley Financing. This is according to Bloomberg Business week. Loreley has said that Citigroup sold it $965M of notes and profited by charging fees and unloading loans that were likely to lose money.

Twenty-First Century Fox, Inc. (NASDAQ: FOXA) - For an in-depth report on Twenty-First Century Fox, Inc. follow: www.BullTrends.com/stockquote/FOXA                           

FOXA shares closed up 6.54% on about 28.3 million shares traded this Thursday. The stock was one of the most active stocks on the NASDAQ after News Corp. reported a sharp decline in its third-quarter profit. News Corp. owns publishing assets such as The Wall Street Journal, the New York Post and HarperCollins. The company’s earnings slipped to $48 million, or eight cents a share, compared to $323 million, or 56 cents a share, in the same period a year earlier.

Halcon Resources (NYSE: HK) - For an in-depth report on Investors Halc follow: www.BullTrends.com/stockquote/HK                            

Shares of Halcon Resources closed up 9.26% on nearly 21 million shares traded on Thursday. The stock surpassed expectations for earnings and revenue in the first quarter. For Q1, Halcon reported earnings of 3 cents a share which beat the Capital IQ Consensus Estimate of 2 cents a share. Revenue was reported at $275.1 million while analysts had expected revenue of $256.14 million.

USA Real Estate Holding Company (OTC: USTC) - For an in-depth report on USA Real Estate Holding Company follow:  www.BullTrends.com/stockquote/USTC                             

USTC shares closed up 65% on Thursday with nearly 265 million shares traded. The stock was one of the biggest gainers in the OTC market despite no company news. The company focuses on purchasing commercial or other real estate properties, including land in the United States. The company, through its subsidiary, USA Real Estate Inc., intends to acquire retail outlets and the land they sit upon in the Midwest and Rocky Mountain states. 


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