(Updated with closing stock prices.)
Big banks were making headlines on Wednesday, with Bank of America(BAC Quote) receiving lower-than-expected bids for its Columbia Management business, Citigroup(C Quote) raising credit-card interest rates and Morgan Stanley(MS Quote) expanding its partnership with Mitsubishi UFJ(MTU Quote) to include a loan marketing venture.
Bank of America closed down 15 cents, or 1.1%, at $13.05; Citigroup closed flat at $2.97; and Morgan Stanley lost 15 cents to $28.36.
In earnings news, General Mills(GIS Quote) reported its fourth quarter on Wednesday morning, with earnings of $358 million, or $1.07 a share, up from 53 cents a share in the same quarter last year and beating analyst estimates for 81 cents a share. ...
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