JPMorgan Chase Pays Into Abuse Fund and 3 Dow Movers Attracting Attention
General Electric Company (NYSE:GE): $21.12
GE Capital, Healthcare Financial Services recently acted as an administrative agent to close a senior credit facility valued at $21.5 million for Amedica Corporation. The deal will increase the liquidity of Amedica, along with facilitating its working capital requirements to fuel its growth engine.
International Business Machines Corporation (NYSE:IBM): Current price $192.32
The corporate front runner in the race for patents granted in the United States is IBM, which had more granted in 2012 than any other firm, marking the 20th straight year it has done so, according to the yearly count by IFI Claims Patent Services which was published on Thursday.
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JPMorgan Chase & Co. (NYSE:JPM): Current price $45.89
JPMorgan will pay $753 million into a fund for wronged borrowers as part of a federal mortgage-abuse resolution, reported a regulatory document filed on Wednesday. The firm is one of a number of domestic banks that agreed this week to pay $8.5 billion through which to settle charges that they wrongfully foreclosed on millions of homeowners in the wake of the financial crisis. The abuses included “robo-signing,” which occurs when banks automatically signed off on foreclosures without properly reviewing documents.
McDonald’s Corporation (NYSE:MCD): Current price $91.24
McDonald’s expects that Italy will become one of its higher-growth areas in the coming decade and is launching more that 100 new restaurants, says Reuters. The company’s Italian division will spend $457 million and hire 3,000 new employees by 2015 so as to increase its market share.