DJIA Week in Review: McDonald’s Miffing Investors, Pfizer Dumps Lipitor

Tuesday

Hewlett-Packard (NYSE:HPQ) Enterprise Services Italia reports that Hewlett Packard has reached an agreement with UniCredit Business Integrated Solutions SCpA, in which payroll operations and information technology related to human resources administration processes across the organization, will be optimized. UniCredit is a worldwide service firm that is based in Italy. The deal will have a duration of 15 years, and the services will be supplied through a jointly owned, dedicated company which will be named ES Shared Service Center SpA.

Don’t Miss: Apple Invites These Carriers to the iPhone Club.

Microsoft Corporation (NASDAQ:MSFT) is said by a source of Business Insider, to be advocating that Facebook’s (FB) planned “Facebook Phone” use Windows Phone as its operating system, rather than the it using a forked version of Google’s (NASDAQ:GOOG) Android. The report also said that representatives from Facebook and Microsoft declined to comment.

AT&T, Inc. (NYSE:T) CEO Randall Stephenson commented that Google’s (NASDAQ:GOOG) schedule for releasing Android updates was part of a “negotiated arrangement”, but then the latter denied the claim, remarking that “Google does not have any agreements in place that require a negotiation before a handset launches [and] has always made the latest release of Android available as open source…as soon as the first device based on it has launched”. This according to a report by Business Insider.

Verizon Communications Inc. (NYSE:VZ) says that the Ericsson Converged Workspace, or ECW,is certified for use on its Verizon 4G LTE network and is currently available from Ericsson (NASDAQ:ERIC), according to a joint announcement from both firms. The ECW operates as an “office in a box” for enterprise and small/medium business customers.

Boeing Co. (NYSE:BA): Air carriers in the U.S. want an FAA extension of its deadline for modifying fuel tanks on hundreds of Boeing jets, according to a Wall Street Journal report.

Bank of America (NYSE:BAC) Home Loans is responding to the recent settlement among five principal mortgage banks and the government, by sending letters to more than 200,000 customers who might be eligible for forgiveness of a portion of the principal balance on their mortgages. The first group of letters should reach homes this week, but most will be sent during the third quarter.

General Electric Energy (NYSE:GE) reports that it has a $10 million stake in developing a new Oil & Gas Training Facility to support advanced training and development for its customers and its workers. It was further explained that training at the facility will concentrate on ‘customer, technical and leadership skills aimed to meet the changing needs and growing global demand for drilling technologies’.

McDonald’s Corp. (NYSE:MCD) has announced comparable sales data that isn’t pleasing investors. Sales (by rivals) are up 3.3 percent domestically, 3.5 percent in Europe, and also in the Asia/Pacific region.

Don’t Miss: Is Predatory Lending a Matter of Corporate Policy at Wells Fargo?

Wednesday

The Dow is down again on Wednesday, dropping 0.54 percent to its current stance of 12,863.

Hewlett-Packard Company’s (NYSE:HPQ) CEO Meg Whitman needs to find a way to place the former industry major on ‘the path to recovery’ or to help it reinvent itself, according to Fortune, and not stay with her current formula of “do what we do, only better”.

Microsoft Corporation’s (NASDAQ:MSFT) Windows 8 should register on the Taiwanese LCD market by the fourth quarter through its effects, which will stabilize the market and then lead to growth, says Digitimes.

Verizon Wireless’s (NYSE:VZ) (NASDAQ:VOD) intention to spend $3.6 billion to purchase airwaves from cable providers, sparks worries in the FCC and in the Department of Justice of monopolization of the wireless market, according to sources contributing to a Bloomberg report.

Don’t Miss: Disney Hits All-Time High.

Walt Disney Co. (NYSE:DIS): Viacom’s (NYSE:VIA) Paramount Studios lost their distribution rights to Disney’s Marvel properties following that company’s takeover, but Marvel executives are now displeased that Paramount seems to be crowing over the likely $115 million that it will reap from The Avengers and the soon-appearing Iron Man 3, according to a New York Post report.

JPMorgan Chase & Co. (NYSE:JPM) raises three Australian employees to the position of managing director, says the Wall Street Journal.

Don’t Miss: David Einhorn and Ron Paul Tackle the Fed. Where the Kardashians go, others are sure to follow. American Express Company (NYSE:AXP) and Chase (NYSE:JPM) are the newest players on the prepaid card market. According to The Wall Street Journal, American Express is releasing a card targeted to college students, which is set to be sold at more than 500 campus-based Barnes & Noble (NYSE:BKS) bookstores. Chase’s card, Chase Liquid, will be launched to a broader market, with the bank announcing plans to test-market the card at about 200 branches. American Express stocks were solid in recent trading, holding at $59.89.

While you may not get peanuts on your next flight, would you settle for a smoother ride? American Airlines (AAMRQ) is taking their fleet of Boeings to new heights with the announcement of upgrades to their international widebody aircraft. This modernization plan is part of American’s plan to invest several hundred million dollars annually in upgrades to the customer experience. Boeing Co. (NYSE:BA) shares dipped in recent trading, dropping $0.78 to $74.18.

JAB Holdings has announced plans to sell off a 4.9% stake, or 36 million shares, of Reckitt Benckiser Group (RBGPY). JAB, which had been Reckitt’s largest shareholder, has promised Bank of America Merrill Lynch that it will not sell-off any more of its interest in the manufacturer for 365 days following the placing. Shares in Bank of America Corporation (NYSE:BAC) dipped by $0.03 in recent trading, coming in at $7.76.

Mark off May 9 at 4:30PM on your calendars. That is when Cisco Systems, Inc. (NASDAQ:CSCO) is set to release its report on Q3 earnings during a conference call. According to First Call, analysts have Cisco’s earnings per share coming in at 47 cents, while revenue at $11.57 billion. Cisco has been holding steady in recent trading at $18.70, or down $0.01.

Thursday

Boeing Co. (NYSE:BA): The U.S. House of Representatives extends the charter of the Export-Import bank for three years, and raises its lending limit from $100 billion to $140 billion, reports The New York Times, and that Senate Majority Leader Harry Reid says that the Senate will try to pass the House bill. Boeing is a major beneficiary of loans from the Bank, and had fought to extend the bank’s charter, while Delta (NYSE:DAL) stood for reforms to the Bank’s practices.

Caterpillar Inc. (NYSE:CAT) says that its wholly owned subsidiary, Caterpillar Logististics, will sell its third party logistics unit, which comprises 65 percent of its equity, to Platinum Equity in a deal worth around $750 million. This move supports the parent company’s increased concentration upon its core units and their growth prospects, and it will retain the remaining 35 percent of equity. Other terms were undiscloed, and all are subject to the customary closing conditions and approvals.

EI DuPont de Nemours & Co. (NYSE:DD): The U.S. Agriculture Department has increased its forecast for domestic corn ending stocks for 2011/12 by 50 million bushels, to 851 million bushels. The same stocks for 2012/13 are forecast at 1.9 billion bushels, which is an increase of 1 billion from the current year, and the season-average farm price for this period is expected in a range of $4.20 to $5.00 per bushel, which falls sharply from the 2011/12 record projected at $5.95 to $6.25 per bushel. Finally, g worldwide coarse grain supplies for 2012/13 are expected to increase by 6 percent from the prior year to 1,389.2 million tons.

General Electric Co. (NYSE:GE): GE Capital Fleet Services introduced IntelliGauge, which is a mobile fuel and CO2 calculator application that enables users to compare components of their current vehicles against future vehicles. The app, which is free to use, is designed to assist consumers and businesses make intelligent decisions regarding purchases of vehicles, and is optimized for use with iPads, smartphones and desktops.

Pfizer Inc. (NYSE:PFE) is abandoning its cholesterol-fighting drug Lipitor because more generic versions will soon be going on sale following the expiration of its patent, after spending more than $87 million in brand marketing this year, says the Wall Street Journal.

Johnson & Johnson’s (NYSE:JNJ) Biosense Webster introduces the new THERMOCOOL SF NAV irrigated ablation catheter with Curve Visualization in the U.S. The catheter with curve visualization joins Biosense Webster’s latest porous tip tech with the visualization of the CARTO3 3D Mapping & Ablation System, which was designed to decrease fluoroscopy exposure to physicians, lab staff and patients alike, enhance visualization of the ablation catheters orientation and improve procedural efficiency.

International Business Machines Corp. (NYSE:IBM) CEO Ginni Rometty says that her company will continue its drive towards higher value markets and retain its concentration on longer-term growth through its 2015 financial trajectory, according to a Wall Street Journal report.

Intel Corporation (NASDAQ:INTC): McAfee reported increased concentration and updated security solutions which are specifically designed to meet the needs of today’s small to medium sized businesses, or SMBs. AMI Research says that the global market for security solutions in the Small and Mid-sized business segment is about $5.1 billion growing at a CAGR of about 9 percent annually. SMBs will be offered the same level of protection as enterprises in an easy to manage solution that is tailored for the needs of cost constrained SMB budgets. McAfee has designed a program that accelerates growth, offers marketing support and includes great sales incentives, all with increased profit for SMB partners.

Microsoft Corporation (NASDAQ:MSFT) receives an anti-trust complaint from Mozilla, the organization behind the Firefox browser, concerning its upcoming Windows 8 operating system, according to the Financial Times, in which Mozilla accuses Microsoft of unfairly limiting Web access on some versions of Windows 8 to Internet Explorer, its in-house browser.

Verizon Communications Inc.’s (NYSE:VZ) Terremark will expand the Network Access Point do Brasil, which is its data center in Sao Paulo. Upon completion, the cloud-enabled unit will have 70,000 square feet of raised data center floor space and will have the capacity of housing 150,000 servers in a connected, secure and redundant ecosystem. This move results from ever-increasing customer demand.

Chevron (NYSE:CVX), along with Royal Dutch Shell are to be chosen by Ukraine ahead of ExxonMobil (NYSE:XOM), Eni (NYSE:E) and TNK-BP (NYSE:BP) for the exploration of two large fields for unconventional natural gas resources in a deal that could lead to some of the biggest shale gas extraction projects in central and eastern Europe, say inside sources for The Financial Times.

Wal-Mart Stores Inc.’s (NYSE:WMT) chief of its international businesses Doug McMillon, says that the company is concentrating upon reinforcing its existing operations in Africa, but not a move into new markets there now, according to Reuters.

Friday

Drug manufacturer Mylan (NASDAQ:MYL) is set to release Atorvastatin Calcium Tablets in Belgium, France, Ireland, the Netherlands, and the United Kingdom. The drug, which is a generic of Pfizer Inc.’s (NYSE:PFE) best-selling cholesterol pharmaceutical Lipitor, will be available in 10 mg, 20 mg, 40 mg, and 80 mg increments. With approval from each country’s respective health authority secured, Atorvastatin Calcium will be on the market immediately. Shares of Pfizer recently traded at $22.85, up $0.02, or 0.09%.

Don’t Miss: Are These Big Shareholders Scaling Back Their JPMorgan Holdings?

Can you hear T-Mobile now? Apparently not. According to The Wall Street Journal, T-Mobile USA (DTEGY) lost over 500,000 of their most lucrative customers during the first three months of the year. This steep decline may indicate that the mobile carrier has lost its momentum after its sale to AT&T, Inc. (NYSE:T) was blocked by the Justice Department last year. AT&T CEO Randall Stephenson asked that the federal government figure out how to trim some of the regulatory red tape that is impeding wireless growth and forcing companies to increase prices, reported Bloomberg. T-Mobile shares recently traded at $33.86, up $0.73.

Verizon Communications Inc. (NYSE:VZ) signal is about to get a lot clearer. The telecommunications company will reportedly build additional control plane technology into its network infrastructure. This upgrade will enable electronic devices on its optical network to communicate more easily with each other.  As a result, operations will be simplified and will allow for near real-time provisioning of specified new circuits. Verizon shares recently traded at $41.37, up $0.82, or 2.02%.

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