Stock Market Update: Citigroup Inc. (NYSE:C), Apple Inc. (NASDAQ:AAPL), AT&T (NYSE:T), Walgreen Company (NYSE:WAG)

Citigroup Inc. (NYSE:C) plans to raise more than $3 billion for its private-equity and hedge funds, even as U.S. lawmakers consider banning banks from owning and investing in so-called alternative funds, people with direct knowledge of the plan said. Citi Capital Advisors, which oversees about $14 billion, may seek $1.5 billion for private equity this year and $750 million for hedge funds, said the people, who declined to be identified because the plans aren’t public. An additional $1 billion is targeted next year for hedge funds, the people said. –Bloomberg Recent iPad security scares are a sign that Apple Inc.(NASDAQ:AAPL) devices are a growing target for hackers, spammers and malicious coders. Market share is a pretty good indicator of who hackers are going after," said Kevin Haley, director at…