A Citigroup (NYSE:C) unit has been fined $2 million by the top securities regulator of Massachusetts because one of the bank’s senior analysts allegedly allowed a junior to e-mail Citi’s opinion on Facebook financials before its IPO.
Oshkosh (NYSE:OSK), a manufacturer of specialty vehicles and vehicle bodies, announced today that its board unanimously rejected a $32.50/share tender offer by Carl Icahn, as the offer was inadequate, significantly undervalued Oshkosh and not in the best interests of the shareholders.
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Manufacturer of driveline, drivetrain and chassis systems, American Axle & Manufacturing (NYSE:AXL), reports third quarter EPS of -$0.11 which misses by $0.44, and revenues of $702.9 million which beat by $16 million and are up 8.5% year-on-year.
Diversified, national, managed health care provider Coventry Health Care (NYSE:CVH) reports third quarter EPS of $0.78 which beats by $0.05, and revenues of $3.46 billion which miss by $40 million but are up 16% year-on-year.
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