BofA Adopts New Compensation Policy and 2 Dow Movers to Follow
Bank of America Corporation (NYSE:BAC): Current price $
Investor pressure appears to be prompting Bank of America to initiate a new compensation policy through which Chief Executive Brian Moynihan and a number of other top executives will be required to hold many shares for a minimum of a year after they retire, says Reuters, citing exchanges between the firm and the Securities and Exchange Commission.
Chevron Corporation (NYSE:CVX): Current price $
Chevron has made an oil discovery at the Coronado prospect in the deepwater United States Gulf of Mexico. The Walker Ridge Block 98 Well No. 1 met more than 400 feet of net pay when it was drilled to a depth of 31,866 feet. The well results are still being studied, and additional work is necessary to determine the extent of the resource. Chevron holds a 40 percent working interest in the prospect, and is the operator of the Coronado discovery well. Other owners include ConocoPhillips (NYSE:COP) with 35 percent, a subsidiary of Anadarko Petroleum Corporation (NYSE:APC) with 15 percent and Venari Offshore with 10.
Johnson & Johnson (NYSE:JNJ): Current price $
Mallinckrodt, the pharmaceuticals division of Covidien, reported that it introduced the 36 and 54 milligram dosage strengths of Methylphenidate HCl Extended-Release Tablets USP, generic version of Concerta. The two dosage strengths will be available, in addition to the 27 mg dosage strength. The 27 mg dosage strength was launched in December 2012, when Mallinckrodt won approval from the FDA to manufacture and market the tablets in 27, 36 and 54 mg dosage strengths.