American Express Debuts OPEN for Women and 2 Other Dow Movers to Watch
American Express Co. (NYSE:AXP): Current price $77.47
On Friday, American Express’s small business unit American Express OPEN, announced the debut of OPEN for Women: CEO BootCamp, representing a novel program that teaches female entrepreneurs several of the fundamental concepts for successful ventures: confidence, competence, and connections as recognized by a number of acknowledged experts in entrepreneurship.
The most recent State of Women-Owned Businesses Report, commissioned by American Express OPEN, indicates that between 2007 and 2013, when the economy was severely challenged, women entrepreneurs started businesses at a rate 150 percent higher than the national average, adding 175,000 jobs to the United States economy.
Chevron Corp. (NYSE:CVX): Current price $124.90
Chevron was not in on the oil sands boom and also sold many of its assets in Western Canada around 10 years ago, but now the energy major is stepping back into its iconic leadership role in order to build and manage the first large liquefied natural gas facility on the West Coast, Kitimat LNG, while also taking on the Duvernay shale gas play in Alberta.
The plans are igniting a hiring binge so as to grow its workforce in Calgary during the next two years to 800 persons, from about 500 currently, and 200 in 2010. President Jeffrey Lehrmann of Chevron’s Canadian division remarked that, “It’s an exciting time within Chevron Canada.”
General Electric Co. (NYSE:GE): Current price $24.03
GE spokeswoman Kim Freeman says that a $161 million investment announced three years ago was actually never made at a southern Indiana refrigerator factory in which 160 jobs are now being eliminated. The company says that it had to withdraw the investment plan for the Bloomington factory due to a drop in consumer demand for the side-by-side refrigerators that were manufactured there. Freeman told a newspaper that GE had every intention of making the investment but could not ignore the fall in demand.