IBM Works on Improving Livestock in Ethiopia and 2 Other Dow Movers to Watch
International Business Machines Corp. (NYSE: IBM): Current price $184.49
Experts from IBM Corporate Service Corps have recommended strategies for enhancing the livestock industry in Ethiopia, which is the main source of income for most of the citizens there, and also working toward a more efficient government at the same time. Making the suggestions was a 12-person IBM team from 8 countries, which spent 30 days in the country, working with three government ministries as part of an engagement.
This project sends IBM’s best talent to provide pro bono problem solving services to non-governmental, government, and small business groups in the developing world on problems that intersect business, tech, and society.
E.I. DuPont de Nemours & Co. (NYSE:DD): Current price $57.70
KBR Inc. said that it has obtained a five-year extension through which to supply contracted construction and maintenance services to DuPont. The undivulged contract value will be booked into backlog in KBR’s third quarter. The firm’s contract renewal includes an expansion of services from 17 to 26 DuPont sites spanning the northeast United States and gulf coast regions.
JPMorgan Chase & Co. (NYSE:JPM): Current price $52.61
On Monday, JPMorgan announced that it will elect Linda B. Bammann and Michael A. Neal to its board, appointing Lee R. Raymond as the lead independent director, thus allowing him more responsibility. Previously, presiding director, Raymond, had the authority to call meetings at any time, confirm agendas and add agenda items, and advise the board in considering the succession of chief executive.
Back in May, investors turned aside a proposal to divide the chairman and chief executive roles, which advisory firms like Institutional Shareholder Services had said would improve oversight. Now, the bank revealed that the board will hold executive sessions without company management at every regular board meeting, have members available to meet with major shareholders, and will not rotate the lead independent director position annually.