Heavily Traded Stocks for Feb 14th: BofA, Citi, J.P. Morgan, MSFT
Bank of America Corp (NYSE:BAC): Bank of America has signed a tentative deal to sell its 37-floor tower in Boston’s Financial District to Boston Properties (NYSE:BXP) for approximately $600M, according to sources, The Boston Globe reports.
Citigroup Inc. (NYSE:C): Mark Renton has joined Lazard (NYSE:LAZ) as a Managing Director, Financial Advisory, focused on international oil and gas. Renton is the former Vice Chairman, Global Energy at Citigroup (NYSE:C).
J.P. Morgan (NYSE:JPM): Major U.S. banks took the largest share of global trading revenue in at least two years as banks in Europe lowered their risk in the fourth quarter as the sovereign debt crisis worsened, reports Bloomberg.
Microsoft Corporation (NASDAQ:MSFT): The Department of Justice’s Antitrust Division has closed of its investigations Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT) and Research in Motion (NASDAQ:RIMM) of certain Nortel Networks Corporation (NRTLQ) patents, and the acquisition by Apple of certain Novell Inc. patents. The DOJ says “After a thorough review of the proposed transactions, the Antitrust Division has determined that each acquisition is unlikely to substantially lessen competition and has closed the investigations.”
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