Exxon DRAGS DOWN Dow and 4 Key Stocks in Play
Microsoft Corporation’s (NASDAQ:MSFT) ability to mass produce its new Surface tablet PCs is being negatively impacted by the low yield rate of its magnesium-aluminum chassis, says DigiTimes. In addition, sources report that chassis makers were forced to give up due to a insufficient amount of capacity.
Investing Insights: Afternoon BUZZERS: Radio Gets SIRIUS About Subs, WellPoint and Facebook FLY.
AT&T, Inc. (NYSE:T): Genius Brands International (GNUS) reports that in partnership with Nokia (NYSE:NOK) it will provide unique and exclusive mobile applications that run on Microsoft’s Windows Phone platform to the award-winning Nokia Lumia range of devices, which include the Lumia 900 on AT&T. Genius is a developer and marketer of entertainment products, among which are the award winning Baby Genius line of music and education-based products and characters.
United Technologies Corporation’s (NYSE:UTX) Pratt & Whitney shareholders are among those which include Japanese Aero Engines and MTU Aero Engines, who comprise the IAE multinational aero engine consortium. IAE has been cooperating closely with its long-time customer Monarch Airlines and has reached an agreement through which to develop uniquely structured and customized V2500 engine maintenance solutions in support their fleet of 16 A321 aircraft. This new contract, valued at $250 million, was finalized this spring and should provide Monarch with comprehensive maintenance coverage for the indefinite future.
Verizon Communications Incorporated’s (NYSE:VZ) Verizon Wireless has postponed the release of Samsung’s (SSNLF) Galaxy S3 from July 10th to the 12th, according to CNet. The phone is currently available via AT&T, T-Mobile (DTEGY) and Sprint (NYSE:S).
Exxon Mobil Corp. (NYSE:XOM) reports that its subsidiary, Esso Exploration Angola (Block 15) Ltd, has begun production from the Kizomba Satellites Phase 1 project, lying offshore Angola. Some 100,000 barrels of oil are expected to be produced daily at the Kizomba Satellites in the initial phase, and recovery of a total amount of around 250 million barrels from the Mavacola and Clochas fields, located 95 miles off the coast of Angola in water depths of approximately 4,500 feet is also forecast. Block 15 was granted to ExxonMobil in 1994 and so far about 5 billion oil-equivalent barrels have been discovered.
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