NEW YORK (AP) â¿¿ Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
Citigroup Inc., down $1.24 at $35.21
The bank failed the Federal Reserve's stress test. The Fed said that Citigroup does not have enough capital to raise its dividend.American Express Co., up $1.90 at $56.15 The New York-based credit card company said that it plans to raise its quarterly dividend to 20 cents per share from 18 cents. MetLife Inc., down $2.30 at $37.16 The Federal Reserve said that the New York-based insurance company was one of four banks that failed its so-called stress test. Cliffs Natural Resources Inc. Co., up $4.59 at $69.50 The Cleveland-based mining company said that it will more than double its quarterly dividend to 62.6 cents from 28 cents. Nasdaq Clearwire Corp., up 5 cents at $2.19 The wireless broadband network operator said it signed Cricket cell service parent Leap Wireless as a customer for its new network. Francesca's Holdings Corp., up $2.51 at $29.29 The women's clothing chain said that profit in the fourth quarter nearly doubled and it issued a better-than-expected outlook. Books-A-Million Inc., up 38 cents at $3.53 The book seller named a new CEO and said its fourth-quarter profit rose as it opened 41 new stores. Pacific Sunwear of California Inc., down 47 cents at $2.04 The retailer of surf- and skate-inspired apparel said its fourth-quarter loss widened as it struggled to boost sales.
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