Chevron Is Set for Racketeering Trial Against Attorney Donziger and 2 Other Dow Movers to Watch
Chevron Corp. (NYSE:CVX): Current price $117.30
Chevron is poised to commence its racketeering trial against the New York attorney Steven Donziger on Tuesday, which might introduce “potentially devastating” new evidence from a lawyer who resigned in disgust after discovering the tactics Donziger employed to win an $18-billion verdict in Ecuador. It is expected that the antitrust Jeffrey Shinder, with Constantine Cannon, renowned for his multibillion-dollar resolutions with credit card companies, will testify regarding how he felt “physically ill” after finding that consultants hired by Donziger had largely written the report upon which an Ecuador judge relied to assess damages in the environmental lawsuit.
JPMorgan Chase & Co. (NYSE:JPM): Current price $52.73
On Friday, Chase announced its forthcoming efforts to help United States government employees who have been furloughed because of the shutdown. The assistance will be set in place from October 11 through October 31, or until the shutdown ends. The firm encourages its customers who are employees of a federal agency and whose income has been impacted by the shutdown to call it to hear about certain hardship programs that Chase offers and can be activated based on individual situations.
The Walt Disney Co. (NYSE:DIS): Current price $66.41
A knowledgeable sources says that Hulu — owned by Fox, Walt Disney Co. and Comcast Corp. — is in discussions with the Fox television executive Mike Hopkins to name him chief executive officer of the video streaming company. Presently, Hopkins serves as president of distribution for Fox Networks Group, a division of Twenty-First Century Fox Inc. Comcast is restricted from making business decisions connected with Hulu as part of its settlement with the United States government when it bought NBC Universal.