Stocks in the news: Infosys, Citigroup, Monsanto, Chevron


Some of the companies making headlines today:

Infosys Technologies Ltd. (INFY) said quarterly profit fell 0.9 percent from a year earlier, but raised its revenue forecast for the fiscal year ending March 2010. It also beat analyst estimates of 50 cents earnings per share by 6 cents. Despite that, shares fell over 4 percent ahead of the bell.

Citigroup (C) -- it's been reported that Occidental Petroleum (OXY) agreed to acquire Citigroup's Phibro unit, which primarily trades oil and gas. Occidental's net investment in Phibro is expected to be about $250 million. Meanwhile, the FDIC is questioning the positive conclusions given to Citigroup's management team in a government-mandated review in the aftermath of the financial crisis, the Wall Street Journal said, citing people familiar with the situation.