Cisco Claims Dismissed and 3 Dow Movers Buzzing Today
The Boeing Company (NYSE:BA): Current price $76.70
Boeing reported that contract negotiations with India for military helicopters will not be impacted by planned budget reductions. This comes after the Defense Minister said that expenditures on arms would be tightened, says Reuters.
Cisco Systems (NASDAQ:CSCO): Current price $21.10
A federal judge in Chicagohas thrown out legal claims brought by Cisco Systems against the licensing firm Innovatio IP Ventures in a ruling that lessens the network-equipment manufacturer’s hopes of striking a blow against so-called patent trolls, reports the Wall Street Journal.
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Chevron Corporation (NYSE:CVX): Current price $114.57
Chevron announces the 20th find off the Western Australian coast since mid-2009 by its Australian subsidiary subsequent to further drilling success in the Exmouth Plateau area in the prolific Carnarvon Basin, a premier hydrocarbon basin. The Kentish Knock South-1 exploration discovery well net around 246 feet of net gas pay in the upper Mungaroo Sands. The bore was drilled in 3,832 feet of water to a total depth of 10,056 feet. Chevron Australia is the operator of WA-365-P with a 50 percent interest while Shell Development (NYSE:RDSA) also holds 50 percent.
JPMorgan Chase & Co. (NYSE:JPM): Current price $48.14
JPMorgan has reclaimed the top title by market value as investors vote on a rebound by investment banking, says Bloomberg. Shares were up 1.6 percent this week, valuing the bank at $184.9 billion as of Wednesday and surpassing the $184.2 billion for Wells Fargo & Co. (NYSE:WFC), the institution which fell to number two on February 5th after being the most valuable since October 28th, according to Bloomberg data.