Top Stories: Citigroup Inc. (NYSE:C), American Airlines Group Inc. (NASDAQ:AAL), Ares Management, L.P. (NYSE:ARES), Towne Bank (NASDAQ:TOWN), China Metro-Rural Holdings Limited (NYSEMKT:CNR)


Citigroup Inc. (NYSE:C) said it is planning to set up its own IT arm in India. It is looking at Chennai and Pune as possible destinations. Citigroup Inc. (NYSE:C) in last trading activity decreased -0.13% to close at $54.33. Company weekly performance is 0.97% while its quarterly performance stands at 4.78%. Citigroup Inc. (NYSE:C) is -1.65% away from its 52 week high.

American Airlines Group Inc. (NASDAQ:AAL) said it is offering customers flexibility to change their travel plans due to anticipated winter weather conditions in the Northeast during Thanksgiving week. On last trading day American Airlines Group Inc. (NASDAQ:AAL) increased 2.18% to close at $44.15. Its volatility for the week is 3.07% while volatility for the month is 2.82%. AAL’s sales growth for past 5 years was 2.40% and its EPS growth for past 5 years was -6.60%. American Airlines Group Inc. (NASDAQ:AAL) monthly performance is 10.90%.

Ares Management, L.P. (NYSE:ARES) announced that one of its subsidiaries has signed a definitive agreement to acquire Energy Investors Funds (“EIF”), a leading asset manager in the energy infrastructure industry with approximately $4 billion of assets under management (“AUM”) across EIF’s four commingled funds and related co-investment vehicles. The acquisition is being financed primarily with cash, including a portion of the proceeds raised from the previously announced offering of senior notes by an indirect subsidiary of Ares, and with equity interests in Ares. On last trading day Ares Management, L.P. (NYSE:ARES) increased 1.61% to close at $16.42. Its volatility for the week is 1.90% while volatility for the month is 2.45%. Ares Management, L.P. (NYSE:ARES) monthly performance is 1.42%.

On 12 November Towne Bank (NASDAQ:TOWN) issued a statement that the company is placing its president of Towne Financial Services Group, William D. Sessoms Jr., on paid administrative leave. Towne Bank (NASDAQ:TOWN) has 18.53% insider ownership while its institutional ownership stands at 23.00%. In last trading activity company’s stock closed at $14.62.

China Metro Rural Holdings Limited (NYSE:CNR) has earned an “A” credit rating from Morningstar. The research firm’s “A” rating suggests that the company is a low default risk. They also gave their stock a two star rating. On Tuesday shares of China Metro-Rural Holdings Limited (NYSEMKT:CNR) closed at $0.91. Company’s sales growth for last 5 years was 246.40%


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