GE Capital Strengthens Retail and 3 Dow Spotlight Stocks
The Boeing Company (NYSE:BA) has increased its 20-year China commercial-aircraft market forecast by 5.2 percent, marking at least the third consecutive rise, while macroeconomic growth and growing incomes drive air travel in that nation. In addition, the forecast (released Wednesday in Beijing) predicts that carriers in China will require 5,260 new planes at a value of $670 billion through the year 2031. In 2011, Boeing predicted that China would need 5,000 new planes worth $600 billion through 2030.
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Bank of America Corporation (NYSE:BAC): The attorneys general of several states, including Massachusetts, Maryland, New York and Connecticut, are investigating just exactly how much their states might have lost stemming from a lowered Libor. In contrast to cases that have been filed by private sector attorneys, these government officials can bring more widely-ranging lawsuits on behalf of the states, plus the fact that the Justice Department is working with them as it conducts its own investigation, according to The New York Times.
Chevron Corporation (NYSE:CVX) reports that one of its facilities is expanding to meet growth of demand and will have a capacity of 120,000 metric tons per year.
General Electric Company’s (NYSE:GE) GE Capital, Corporate Retail Finance is the co-collateral agent on a $1.65 billion asset-based credit facility for SuperValu Inc. (NYSE:SVU). The loan proceeds will be used for working capital requirements and for the refinancing of existing debt. GE Capital Markets served as the joint lead arranger and also as joint bookrunner.
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