California City Lawyering Up Against Chevron and 2 Other Dow Movers to Watch
Chevron Corporation (NYSE:CVX): Current price $122.32
Because of the refinery fire in August 2012, the city of Richmond, California, is getting ‘lawyered up’ against Chevron, according to the Contra Costa Times. Richmond prefers the San Francisco-based Cotchett, Pitre & McCarthy, which is the same law firm that represented San Bruno residents in a suit against Pacific Gas & Electric for a gas-line rupture and explosion back in 2010. In late March, Cotchett Pitre also filed a class-action lawsuit against Chevron and Chevron units, claiming that the company defrauded royalties owners, says the firm’s website. In April, Chevron announced that the fire-damaged refinery would be fully restored in the second quarter.
International Business Machines Corporation (NYSE:IBM): Current price $202.93
The former IBM Chief Executive Sam Palmisano wants the new global business institute to examine the advent of globalization, economic trends, and the globally integrated firm. The Wall Street Journal Guest Columnist and former IBM employee Irving Wladawsky-Berger says that those forces were enabled by information tech, writing: “Along with the opportunities for improved productivity and quality created, come many challenges,” including “economic dislocations in the U.S. and other advanced nations.”
E.I. DuPont de Nemours and Company (NYSE:DD) Current price $54.55
DuPont has created a 50/50 joint venture with OCP through which the firms will provide consulting and training services in Morocco and other countries in Africa. The joint venture which will be called DuPont OCP Operations Consulting, and will employ the renowned expertise of DuPont Sustainable Solutions and OCP’s industrial experience and local market knowledge. DSS will supply world-class consulting and training services to industries in Morocco and key developing regional markets, while addressing the local needs. Concurrently, OCP’s strong regional presence will permit the joint venture to attain world-class safety performance and also add value.
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