JPMorgan Employee Suspected of Wrongdoing in Italian Probe and 2 More Dow Movers to Watch
JPMorgan Chase & Co. (NYSE:JPM): Current price $56.6299
On Wednesday, authorities in Italy indicated that JPMorgan Chase was among a group of people and firms under investigation for being linked to events that almost led to collapse of Italy’s number three bank, creating a political scandal and adding to Italy’s economic problems. An unidentified JPMorgan employee is suspected of misconduct for his role in a 2008 transaction that the investment bank helped arrange for Monte dei Paschi di Siena, which added to the bank’s serious problems, according to prosecutors.
UnitedHealth Group Inc. (NYSE:UNH): Current price $73.21
UnitedHealthcare and Mount Carmel Health Partners announced Wednesday the formation of an accountable care organization, which will supply coordinated healthcare to Central Ohio residents enrolled in UnitedHealthcare’s employer-sponsored health plans. The new ACO model, which will debut on October 1, will help transition the Central Ohio health care system from one that rewards for the number of patients treated, to one that rewards quality and value. Through the collaboration, Mount Carmel and its physicians will oversee all aspects of patients’ care, providing the proper treatment in the correct setting and at the right time. This marks Mount Carmel’s second ACO program, and UnitedHealthcare’s first in the state.
Hewlett-Packard Co. (NYSE:HPQ): Current price $26.34
Hewlett-Packard has announced the industry’s first offering to provide networking customers with 24/7 support for three years at no additional cost, making sure they have remote support they need anytime, anywhere. The new HP Lifetime Warranty 2.0 builds upon the firm’s lifetime warranty industry leadership by adding 24/7 phone support for HP FlexCampus, HP FlexBranch, and small business products for up to three years, all of which are included in the purchase price of the covered products.