GE INVESTS in India and 4 Dow Movers BUZZING Now
Bank of America Corporation (NYSE:BAC): The United States is now a safe haven for foreign, especially European, investors, according to the Commerce Department to the Wall Street Journal. Reversing a trend began during the peak of the financial crisis, foreign direct investment increased in the U.S. between January and March, amounting to $28.7 billion, which represents the 12th consecutive quarter of positive numbers; the current debt crisis in Europe is credited for much of the activity.
EI DuPont de Nemours & Co. (NYSE:DD): Ending inventories of potash at producers in North America rose approximately 113,000 tons by the end of May, which put the figure above 3 million tons, and 43 percent above its 5-year average, says Potash Corporation’s (NYSE:POT) corporate website, looking at data released late Thursday.
Walt Disney Co. (NYSE:DIS): The Justice Department has been drawn into the current use of “most favored nation”, which in TV industry lingo means contractual clauses which guarantee that the largest cable operators will get the lowest costs for TV channels. Previously thought of as ‘insurance for poor negotiators, the clauses now are partly determinate as to where programs go online, says the Wall Street Journal; the clauses originally had to do with economic issues, but now industry executives say that they are being negotiated around digital rights.
General Electric Company (NYSE:GE): GE India intends to spend $200 million to establish a new manufacturing plant in Pune for the development of products for the energy sector, according to The Economic Times.
Hewlett-Packard Company (NYSE:HPQ): Intel (NASDAQ:INTC), will meet with Taiwan-based firms in the ultrabooks supply chain in July, regarding the minimization of production costs for the next generation of note books, say industry sources to DigiTimes. The firm remains committed to the reduction of untrabook prices during to second half of the year to $699.
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