American Express Company (NYSE:AXP): On Tuesday the Consumer Financial Protection Bureau initiates the first part of an online database of complaints from credit card customers in the $2.05 trillion industry, says a Wall Street Journal report.
Boeing Co. (NYSE:BA) reports that it’s growing its Flight Services division in China, a move that will notably increase training capacity for airlines in the region. The firm is tripling its courses at the Boeing Flight Services Shanghai training campus with the launch of an advanced 787 Dreamliner training suite for pilot and maintenance training, plus a newly-installed 747-400 full-flight simulator. These new training devices are being added to an existing 757/767 full-flight simulator at the facility.
Bank of America Corporation’s (NYSE:BAC) shares are among several bank stocks in a rally that is caused in part by new plans by the Federal Housing Finance Agency, or FHFA, that should help banks avoid the situation of being forced to repurchase mortgages due to worries concerning increasingly rigorous lending regulations, according to Bloomberg. FHFA spokesperson Stefanie Johnson says that the Agency will describe the situations within banks that would trigger a pullback request; meanwhile, shares of Citigroup (NYSE:C), PNC Financial (NYSE:PNC), Wells Fargo (NYSE:WFC), as well as previously mentioned BofA are all enjoying the FHFA rally.
Cisco Systems, Inc. (NASDAQ:CSCO) CEO John Chambers is currently developing a leadership succession plan, according to Valor.
Chevron Corp. (NYSE:CVX): Jacobs Engineering Group (NYSE:JEC) has won a contract from Chevron Phillips Chemical, under which it will supply front end engineering and design services for two polyethylene facilities. The financials of the contract were not divulged.
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