General Electric Company’s (NYSE:GE) Independent Director John J. Brennan bought 5,000 shares on October 26th at $21.20 each. In the past 52 weeks, GE shares have traded in a range of $14.68 to $23.18, and now stand at $21.34, which is over 43 percent above the low. As of now, the company has a market capitalization of $222.37 billion.
EMC (NYSE:EMC) is enhancing and expanding its Velocity Service Provider Program. The changes, effectively Jan. 1st of next year, could assist VARs to transform into cloud services providers and/or VARs to locate partners which offer EMC-certified cloud storage services.
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Barrick Gold Corp. (NYSE:ABX) has posted a large drop in third quarter profits because of lower sales volumes and also lower realized gold prices. The firm’s net profit decreased to $618 million, or 62 cents per share, from $1.37 billion, or $1.37 per share, year-over-year from 2011.
Alcoa (NYSE:AA) will host an Investor Day event on Wednesday, November 7th at the Sheraton Hotel New York. This function will be webcast live via Alcoa’s website, along with presentation materials available online. Alcoa senior executives will present an in-depth perspective on their company’s businesses and strategies to boost profitable growth and value to shareholders.
Arch Coal (NYSE:ACI) shares rose by 3.67 percent to $8.25 in morning trading, subsequent to posting a third-quarter net profit of $46 million, or 22 cents per share, compared year-over-year with $9 million or 4 cents per share in 2011. The quarter’s adjusted earnings totaled $42 million or 20 cents a share, against $7.4 million, or 3 cents per share in 2011. Revenues fell to $1.09 billion from $1.2 billion last year. Analysts had anticipated that the company would post a loss of 16 cents per share on revenues of $1.01 billion for the third quarter.
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