Iraq BLACKLISTS Chevron and 3 Dow Spotlight Stocks
Bank of America Corporation (NYSE:BAC) has recently posted a second quarter net income of $2.5 billion, or 19 cents per diluted share, compared to a net loss of $8.8 billion, or 90 cents per diluted share, for the same quarter in 2011.
Cisco Systems, Inc. (NASDAQ:CSCO) has won the European Commission’s regulatory clearance for its $5 billion purchase of NDS, according to Reuters. NDS is 51 percent owned by Permira, with the remainder held by News Corporation (NASDAQ:NWSA).
Chevron Corporation (NYSE:CVX) has been blacklisted by Iraq from entering future oil agreements in that country’s center and south regions, subsequent to the company’s taking over Reliance’s 80 percent share through which it may explore for oil in the northern Kurdish self-rule region, says CNBC.
EI DuPont de Nemours & Co. (NYSE:DD) expects that its fiscal year 2012 earnings will be near the lower end of its existing outlook range of between $4.20 and $4.40 per share, excluding significant items, because of uncertainties linked to macroeconomics and currency, along with a higher tax rate related to earnings. Earnings for 2011 were $3.93 per share on a comparable basis.
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