JPMorgan’s Surprising REVENUE BOOST and 3 Dow Movers Making Waves
Johnson & Johnson (NYSE:JNJ) shares are moving after a 5-4 ruling by the United States Supreme Court in favor of the pharmaceutical industry, according to a Wall Street Journal report. Under the ruling, drug firms are not required to pay overtime to sales representatives.
JPMorgan Chase & Co. (NYSE:JPM) is among a group of major lenders that also includes top player Wells Fargo (NYSE:WFC) who are gaining unexpected amounts of revenue from a U.S. government program that assists struggling homeowners to take advantage of low interest rates and in turn, reduces monthly mortgage payments.
McDonald’s Corp. (NYSE:MCD) has been aggressive with coffee prices, says Dunkin’ Brands’ (NASDAQ:DNKN) Chief Global Strategy Officer Neil Moses, commenting on the coffee market at Jefferies Global Consumer Conference. He added that the coffee industry is among the least consolidated in the United States, but that he remains confident in opportunities for all three market members. In addition, Moses remarked that franchisees are “reluctant” to increase coffee prices, but he believes that decreases in coffee commodity costs have been favorable recently for the indistry.
Microsoft Corporation (NASDAQ:MSFT): Samsung (SSNLF) reported early Monday that it will launch SAFE, or Samsung Approved for Enterprise, plus the premier SAFE-branded smartphone in the United States, the Galaxy S III, which will be offered at AT&T (NYSE:T), Sprint (NYSE:S), T-Mobile (DTEGY), Verizon Wireless (VZ,VOD) and US Cellular (NYSE:USM) by next month. Out of the box, the SAFE-branded Galaxy S III supports a complete set of enterprise-ready features and capabilities with support for 338 IT Policies.2, according to Samsung, which includes on-device AES-256 bit encryption, enhanced support for Microsoft Exchange ActiveSync and support for industry-leading Virtual Private Network and Mobile Device Management solutions.
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