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Closing Glance: Diversified financials close mixed

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April 28, 2008

NEW YORK—Diversified financial services stocks closed mixed on Monday, as investors weighed mixed acquisition news and awaited Visa's earnings report after the bell.

In a busy day for acquisitions, candy maker Mars said it is buying Wm. Wrigley Jr. for about $23 billion and financier Kirk Kerkorian announced plans to expand his stake in Ford Motor to 5.6 percent.

On a more disappointing note, struggling Continental Airlines rejected speculations that it would merge with United Airlines to create the world's biggest carrier.

Here's where some diversified financial companies closed on Monday:

JPMorgan Chase & Co., down 45 cents to $47.34.

Bank of America Corp., off 12 cents to $38.18.

CIT Group Inc., down 28 cents, or 2.6 percent, to $10.50.

Citigroup, up 21 cents to $26.81.

© Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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