BofA Sells 24 Branches and 3 Dow Movers to Follow
The Boeing Company (NYSE:BA): Current price $76.53
Boeing brings out its first 777 constructed at the increased production rate of 8.3 per month, or 100 planes per year. The output acceleration began in October and planning for the new rate has been in the works for nearly a year. During the past 31 months, the 777 program has increased its rate by a factor of two, first from five to an all-time high production rate of seven in 2011, and now to an all-time high rate of 8.3 airplanes monthly. Boeing reported that 1,066 777s have been delivered thus far and a total of 1,431 have been ordered from 66 customers worldwide.
Bank of America Corporation (NYSE:BAC): Current price $11.68
The company will sell 24 of its branches in South Bend and Elkhart and in southwestern Michigan to Indiana’s Old National Bank. The branches hold $779 million in deposits; no purchase price terms were reported.
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Caterpillar (NYSE:CAT): Current price $94.72
Caterpillar announces the joint opening of a state-of-the-art proving ground and a large wheel loader manufacturing facility located in Tongzhou, Jiangsu Province. The firm’s growing operations in China and other growth markets are supported by the new facility, with the large wheel loader manufacturing factory designed to meet the needs and requirements for quarry and mining applications. The Cat 986 large wheel loader, which is manufactured at the large wheel loader facility, was designed at Caterpillar’s Wuxi research and development center.
Chevron Corporation (NYSE:CVX): Current price $110.17
Chevron named Maria Lindenberg as chief procurement officer, taking the place of Leo Lonergan, who will retire from the company on February 1st after 36 years of service.