Big News Pushing These 3 Dow Giants
JPMorgan Chase’s (NYSE:JPM) individual trades that led to the now famous $2 billion loss were not monitored by the Office of the Comptroller of the Currency, which said that it would not expect to be notified about the positions, says a Bloomberg report.
Don’t Miss: FBI Investigation: JPMorgan in the Hot Seat.
Kraft Foods Inc. (NYSE:KFT) sees Bill Ackman’s Pershing Square reducing its positions in the food giant, and Family Dollar (NYSE:FDO) experiences the same, according to a SEC filing. Specifically, the hedge fund shrank its Kraft position 21.2 million shares to 15.5 million; and its stake in FDO from 8.4 million shares to 2.6 million.
McDonald’s Corp. (NYSE:MCD) predicts that it will nearly double its workforce in China by the end of the current year, says a report in China Daily. The fast food major expects to employ 70,000 more workers there, to operate the 225 to 250 new stores that are planned to be opened.
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