JPMorgan Makes Power Market Manipulation Charges Go Away and 2 Other Dow Movers to Watch
JPMorgan Chase & Co. (NYSE:JPM): Current price $55.33
On Tuesday, the bank said it would pay $410 million to resolve claims of power market manipulation in California and the Midwest, representing the most recent in a string of high-profile inquiries by United States federal energy regulators. The agreement, as reported by the Federal Energy Regulatory Commission, will permit CEO Jamie Dimon to close out one of several expensive confrontations with regulators during the past year.
American Express Co. (NYSE:AXP): Current price $75.19
The government of Cuba has criticized recent U.S. sanctions against American Express and an Italian bank for apparent violations of a 1962 economic and financial embargo against the nation. A Foreign Ministry statement published Tuesday in the newspaper Granma condemned American Express’s $5.2 million resolution with the Treasury Department last week to avert potential liability, saying that ”The U.S. government once again makes absurd concessions to those opposed to change in policy toward Cuba.”
AT&T Inc. (NYSE:T): Current price $35.42
In its latest Magic Quadrant for European Managed Hosting report, Gartner Inc. has positioned AT&T as a challenger in the European managed hosting marketplace due to its strengths in enterprise hosting and management, particularly for complex e-businesses. Managed hosting services assist businesses in facilitating the management of their IT infrastructure. Through managed hosting agreements, a trusted provider hosts an enterprise’s data and applications in its data center facilities and oversees the firm’s computing, network bandwidth, and storage capacity accordingly.