HP SAYS NO to Windows Tablet This Year and 4 Dow Players Making a Buzz
Boeing Co. (NYSE:BA): Airbus (EADSY) is readying an investment of approximately $600 million to establish and equip a new assembly line in Alabama, says an inside source to the Wall Street Journal. The firm expects to assemble planes from its A320 line in Mobile, beginning in 2015.
Bank of America Corporation (NYSE:BAC): New derivatives regulations were unanimously passed by the Commodity Futures Trading Commission on Friday, that will impact the foreign operations of American banks, according to The New York Times on Friday night. Overseas banks that carry out significant derivatives trading in the U.S., would also be affected by the rules that, among other measures, would introduce new standards for capital.
Chevron Corp. (NYSE:CVX): An Iranian parliament member warns that his government will move to close the Hormuz Strait if the economic sanctions against it are allowed to take effect, says Trend, which cites the Fars News Agency.
General Electric Company’s (NYSE:GE) GE Capital Corporation and EverBank Financial Corp’s (EVER) EverBank subsidiary announced that they reached a definitive agreement under which the latter will purchase Business Property Lending, a business division of GE Capital Real Estate, North America. Under the terms of the agreement which has been okayed by the boards of both firms, EverBank will buy the stock of Business Property Lending, Inc., which at the deal’s close will hold the origination and servicing platform for Business Property The transaction’s price will be $2.51 billion, and paid in cash; no debt will be assumed in the purchase. The agreement includes around $2.44 billion of performing commercial loans, the origination and servicing platforms, 108 employees, along with servicing rights on $3.1 billion of loans securitized by GE Capital. The acquisition should close in the fourth quarter, subject to the usual approvals and closing conditions.
Hewlett-Packard Company (NYSE:HPQ) now says that it will not offer a Windows RT tablet in 2012, due to problems with Microsoft’s (NASDAQ:MSFT) Windows 8 RT. The difficulties first arose in May, and it’s possible that more might lie in waiting for the operating system, according to CNET.
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