Citigroup, General Electric, Zynga, Intel Among Heaviest Volume Stocks Feb 6th

Citigroup Inc. (NYSE:C): In Brazil, Citigroup (NYSE:C), and other financial institutions, came under attack by computer hackers, hampering their sites, reports the Wall Street Journal. In China, Citigroup’s (NYSE:C) China unit received regulatory approval to issue credit cards, the first non-Asian bank to receive permission, and said it would likely launch credit card operations this year, reports Reuters. Citigroup announced that its Global Transaction Services business, acting through Citibank N.A., has been appointed by Elan Corporation, plc, as the successor depositary bank for its American Depositary Receipt, or ADR, program. Elan’s ADRs trade on the New York Stock Exchange under the symbol ‘ELN’, with each ADR representing 1 ordinary share. Elan’s ordinary shares are listed on the Irish Stock Exchange.

Intel Corporation (NASDAQ:INTC): Advanced Micro Devices (NYSE:AMD) disclosed at an analyst event that it has started manufacturing some chips, potentially including its next-generation A-series Fusion chips, at IBM’s (NYSE:IBM) facilities, reported the hardware review blog X-bit Laboratories. Production from IBM may lead to increased ability to compete in terms of volume with Intel (NASDAQ:INTC), the blog said.

Zynga Inc (NASDAQ:ZNGA): Zynga February call option implied volatility is at 122, March is at 99; above its 6-week average of 64 according to Track Data, suggesting larger price movement into the expected release of Q4 results on February 14.

General Electric Company (NYSE:GE): Comcast’s (NASDAQ:CMCSA) NBC is set to broadcast its heavily promoted drama, Smash, for the first time tonight at 10 pm, according to The New York Times. The network is hoping that Smash, which is set on Broadway, will be its first hit show in a number of years, the newspaper added.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com