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Tuesday, November 11, 2014

Market Chatter- Corporate finance press digest, (NASDAQ: AAPL), (NYSE: C), (NYSE: ZTS)

The following corporate finance-related stories were reported by media: * Apple Inc is embarking on its most aggressive expansion yet onto corporate turf, hiring a dedicated sales force to talk with potential clients like Citigroup Inc and working in concert with a dozen or so developers, two sources familiar with its plans say.* Activist hedge fund manager William Ackman's Pershing Square Capital Holdings has taken a new position in animal health company Zoetis Inc, a source familiar with the matter said on Tuesday.

Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Shares of AAPL traded higher by 0.8% or $0.87/share to $109.70. In the past year, the shares have traded as low as $70.51 and as high as $110.30. On average, 58023600 shares of AAPL exchange hands on a given day and today's volume is recorded at 27442252.

Citigroup Inc. (Citigroup) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. Shares of C fell by 0.15% or $-0.08/share to $53.81. In the past year, the shares have traded as low as $45.18 and as high as $55.28. On average, 17350900 shares of C exchange hands on a given day and today's volume is recorded at 9526570.

Zoetis Inc is engaged in the discovery, development, manufacture and commercialization of animal health medicines and vaccines, with a focus on both livestock and companion animals. Shares of ZTS traded higher by 8.86% or $3.56/share to $43.72. In the past year, the shares have traded as low as $28.14 and as high as $44.13. On average, 3860820 shares of ZTS exchange hands on a given day and today's volume is recorded at 20246312.



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