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Tag: Citigroup

AAPL dropped below $500 on Monday

Apple 2.0 is reporting that Apple stock dropped to US$497 in pre-market trading this morning. That's the first time that the stock has been below $500 since February 15, 2012. On Sunday, Citigroup lowered its price target for AAPL and also downgraded the stock from Buy to Neutral. That bad news ...

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Citibank says iPhone app has security flaw

The wire services and the Wall Street Journal are reporting that the Citi Mobile app that Citibank offered to customers has a security flaw, and that it saved personal account information in a hidden file on users' iPhones. Our own Mike Rose reports that he got one of Citi's letters to customers ...

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