Cisco Inks Deal With Intel and 3 Dow Movers to Follow
The Boeing Company (NYSE:BA): Current price $74.58
Boeing is said to be proposing a “complete health check” on the batteries in its 787 Dreamliner jets, while an inquiry by Japanese and American authorities into its troubled, technologically advanced aircraft goes forward. The Seattle Times reports that Boeing suggested the battery check and procedural changes for pilots as possible interim methods through which to get the planes in the air again, in intensive discussions with FAA officials. The Dreamliner has been grounded in a number of countries by aviation authorities, including the FAA.
Bank of America Corporation (NYSE:BAC): current price $11.12
Several of the big banks are getting back to normal after more than four years after the financial crisis, but BofA and Citigroup are still having difficulties related to the past events. On Thursday, the two firms reported that substantial legal costs have undercut their fourth-quarter earnings, saying that the expenses originated in huge settlements involving their mortgage businesses.
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Cisco Systems (NASDAQ:CSCO): Current price $21.00
Intel Corporation (NASDAQ:INTC) has recruited Cisco Systems as a customer for its made-to-order networking chips, making the latter as its biggest customer for its fledgling foundry business, say sources to Bloomberg, who added that Intel will make processors designed by Cisco.
Chevron Corporation (NYSE:CVX): Current price $114.81
Due to a boost to economic growth in China, oil is going for the longest weekly increase in 14 months in New York, says Bloomberg. Crude for February delivery stood at $95.38 a barrel, following the contract advancing by 1.3 percent to $95.49 Thursday. Prices gained 2 percent this week for a sixth consecutive advance, marking the longest run of gains since November of 2011.
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