Boeing Investigation Shifts and 3 Dow Movers to Follow
Chevron Corporation (NYSE:CVX): Current price $116.33
In a twist to Chevron’s legal war with Ecuador, on Monday in Manhattan federal district court, the company filed the declaration of a former Ecuadorian judge, Alberto Guerra, who details how he and a second former judge, Nicolás Zambrano, allegedly permitted the plaintiffs’ attorneys to ghostwrite their entire 188-page, $18.2 billion judgment against Chevron in exchange for a promise of $500,000 from the anticipated recovery. The ghostwriting charge is broader and better substantiated than before.
General Electric Company (NYSE:GE): Current price $22.46
GE Capital, Healthcare Financial Services is serving as sole lender and administrative agent on $12 million in senior secured credit facilities for SIGA Technologies (NASDAQ:SIGA), which are comprised of a $5 million term loan and a $7 million revolving line of credit.
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
The Boeing Company (NYSE:BA): Current price $74.30
The joint American and Japanese inquiry into the Boeing 787’s battery difficulties has shifted from the battery-maker to the maker of a monitoring system. Japan transport ministry official, Shigeru Takano, said on Monday that the investigation into battery-maker GS Yuasa was finished for now as no evidence was found that made it the source of the problems.
The Coca-Cola Company (NYSE:KO): Current price $36.89
CBS Corporation (NYSE:CBS) has censored a Super Bowl ad by SodaStream (NASDAQ:SODA) because the ad it wanted to run bashed two other sponsors of the big game, Coca-Cola and PepsiCo (NYSE:PEP), according to Ad Age, which pointed to comments by the ad maker Alex Bogusky. CBS has declined to comment on the matter.
Don’t Miss: A Price Tag on Boeing’s Bad News Bears.