JC Penney Earnings Top Estimates Even as Sales Fall JC Penny posted quarterly earnings that beat Wall Street's estimates, sending its shares higher in premarket trading. http://www.cnbc.com/id/46468949
Citi Sells Stake in India's HDFC Bank for $1.9 Billion Citigroup sold its stake in India's Housing Development Finance for $1.9 billion, as global banks focus on shoring up their balance sheets to meet stricter capital requirements. http://www.cnbc.com/id/46507585
Lloyds Makes $5.5 Billion Loss, Gives Gloomy Outlook Lloyds Banking Group, the state-backed UK bank, said Friday that it made a 3.5 billion pound ($5.5 billion) pre-tax loss in 2011, down from a profit of 281 million pounds in 2010, and warned that its outlook remained “challenging.” http://www.cnbc.com/id/46508834