GE Doubles Down on Emerging Energy as 4 DJIA Stocks Make Big Moves
Walt Disney Company’s (NYSE:DIS) efforts in Asia will be boosted by the definitive agreement announced on Wednesday, under which a division of News Corporation will acquire ESPN’s 50 percent equity stake in ESPN STAR Sports, or ESS. Under the terms of the deal, News Corp units will be allowed to own and operate the entirety of the ESS divisions while at the same time giving ESPN more independence and flexibility in future support of The Walt Disney company’s expolits in Asia.
General Electric Co. (NYSE:GE) intends to double its gas and oil division in the Asia-Pacific region in a three to five year time frame, according to Bloomberg. The plan will be spearheaded by approximately $40 billion in projects in Indonesia, Malaysia and Vietnam.
The Home Depot, Inc. (NYSE:HD) will reveal details of progress in its top strategic priorities and long-term financial targets, at its 2012 Investor and Analyst Conference, which commences at 9am ET Wednesday. In its presentation, HD will feature an update on its four areas of strategic concentration: customer service; product authority; disciplined capital allocation, productivity and efficiency; and interconnected retail.
Hewlett-Packard Company (NYSE:HPQ) CEO Meg Whitman told AllThingsD that she imagines no scenario in which her company would sell off a portion of its operations, because they fit together so well. The CEO also remarked that H-P will be producing a version of HP-UX to suit Intel’s (NASDAQ:INTC) mainstream Xeon server chip and that she’d like to see HP cooperate again with Oracle (NASDAQ:ORCL) once their legal battles are finalized.
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