Citi to Open Representative Office In Iraq and 2 Other Hit Stocks to Watch
Citigroup (NYSE:C): Current price $45.38
Citigroup announced on Monday that it intends to open an representative office in Iraq, according to a press release. Such a move would make the bank one of the few United States-based financial firms to make a presence in that country. The Central Bank of Iraq has given its permission for the new office, and a formal ceremony will be hosted by the American Embassy in Baghdad. The office will help position Citigroup to understand and develop business in Iraq, which has an economy with substantial potential over time, according to a statement released by the bank.
Sprint Nextel Corporation (NYSE:S): Current price $6.84
The act of sending a common text message could be a violation of the Health Insurance Portability and Accountability Act, if done by those who provide a healthcare service involving protected health information, and might lead to serious legal consequences. On Monday, Sprint reported the availability of TigerText and Sprint Enterprise Messenger-Secure, so as to address this matter. The suite of solutions provides healthcare organizations an array of services to address varying requirements, as they work to comply with HIPAA security standards and keep patient information flowing efficiently and securely. TigerText’s secure enterprise communications solution has been adopted in over 1,000 healthcare facilities in 38 states.
Bank of America Corporation (NYSE:BAC): Current price $12.28
On Monday, Bank of America released its annual Corporate Social Responsibility report, through which to provide an overview of the environmental, social and economic impact of its businesses, together with progress in keeping its commitments to clients, customers, employees, shareholders, and the communities it serves. BofA Corporate Social Responsibility and Consumer Policy Executive Andrew Plepler remarked that, “Over the past few years, we’ve learned more about how our business practices and operations impact local communities around the world. Our CSR report demonstrates how we’re addressing some of the most pressing challenges in the environmental, social and economic arenas. We’re modifying our business practices, living up to our lending, investing and environmental goals, and supporting leadership development, volunteerism and diversity and inclusion.”