McDonald’s CEO on Europe and 4 DJIA Stocks Traders are Watching
Bank of America Corporation (NYSE:BAC) will repurchase $330 million worth of home loans from Freddie Mac (FMCC), following the discovery of flaws in their creation process, says a Bloomberg report. However, a bank spokesperson says that the payments are current on most all of the loans.
JPMorgan Chase & Co.’s (NYSE:JPM) backing with physical copper of a planned exchange-traded fund, might heavily and artificially cause price inflation, and do a lot of damage to the domestic and worldwide economy, says a letter sent to the SEC by U.S. manufacturers – this report by the Financial Times.
Investing Insights: Will Congress Make an Example of Facebook and Morgan Stanley?
General Electric Co. (NYSE:GE) makes a primary investment in Centennial Asset Brazilian Equity LLC along with other offshore holding companies of the EBX group. In the deal, GE pays $300 million for an 0.8 percent preferred equity interest in the latter, and the proceeds are intended for use in the reinforcement of EBX’s capital structure, plus help finance Mr. Batista’s pipeline of future investment opportunities. This move is in line with a series of common goals upon which the two companies have been concentrating over the past years and further strengthens the close relationship between them.
Boeing Co. (NYSE:BA): Senate Majority Leader Harry Reid, D-NV, still maintains that Democrats in the Senate won’t agree to prevent military spending from dropping 10 percent next year, unless Republicans agree to tax increases, according to a Politico report.
McDonald’s Corp. (NYSE:MCD) CEO Don Thompson, in remarks made at the annual shareholders’ meeting, calls Southern Europe a “tough arena.”, as Spain, Italy, and Portugal experience the impacts of their austerity programs.
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