JPM Dimon Vote Sparks US Senate Discussion and 2 Other Dow Movers to Watch
JPMorgan Chase & Co. (NYSE:JPM): Current price $53.50
United States Senator Charles Schumer (D-NY) wants the U.S. Securities and Exchange Commission to create “clear rules of the road” surrounding the disclosure of vote tallies during proxy fights, in reaction to the confusion that arose at JPMorgan. Advocates of a non-binding proposal to separate Chief Executive and Chairman Jamie Dimon’s dual roles reported being denied access to vote counts in the week before a May 21 shareholder meeting, and that the decision to suspend the information flow was taken by Broadridge Financial Solutions, which collected the votes from shareholders.
AT&T (NYSE:T): Current price $36.72
The telecom has begun to add a 61-cents per month administrative fee to the bills of all of its contract wireless lines as of May 1, according to The Wall Street Journal, which added that the new monthly fee could bring in excess of a half-billion dollars in annual revenue to AT&T.
The Coca-Cola Company (NYSE:KO): Current price $42.17
The Coca-Cola Company’s franchise bottler, Coca-Cola FEMSA S.A.B. de C.V. offers 10-year bond at a yield of 5.46 percent, representing the lowest ever achieved by any corporate issues in the Mexican Peso market. The bottler will use the proceeds for general corporate purpose, including capital expenditure, along with enhancing its working capital. Coca-Cola FEMSA is co-owned by the Coca Cola Company and Fomento Economico Mexicano S.A., also known as FEMSA.