Heavily Traded Shares Feb 7th: Ford Motor, Citigroup, Microsoft
Ford Motor Company (NYSE:F): Though Ford examined a possible joint bid with Raytheon (NYSE:RTN) and Future Force, the automaker has decided not to participate in a new Pentagon competition to replace the military’s fleet of Humvee vehicles, Reuters reports. Navistar (NYSE:NAV) and Oshkosh (NYSE:OSK) have expressed interest in the contest, as have BAE Systems, Lockheed Martin (NYSE:LMT) and General Dynamics (NYSE:GD).
Citigroup Inc. (NYSE:C): Though officials had hoped to announce a final settlement as early as this week, a Reuters reports that a multi-state mortgage settlement is likely to be pushed back again as U.S. states continue to press specific concerns. As of Monday, many states had not yet reached a settlement, under which top U.S. banks could pay up to $25B to resolve civil government lawsuits about misconduct in servicing home loans and pursuing faulty foreclosures.
Microsoft Corporation (NASDAQ:MSFT): Microsoft and 24/7 announced an agreement to jointly bring the power of natural user interfaces and data analytics at cloud scale to enable the future of customer service for businesses. The agreement includes Microsoft merging its interactive self-service assets into 24/7. The agreement also includes an R&D partnership, long-term IP licensing and Microsoft taking an equity stake in 24/7 Inc.
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