McDonald’s Tests Mobile Payment App in Utah and Texas, and 2 Other Dow Movers to Watch
McDonald’s Corp. (NYSE:MCD): Current price $97.18
The fast food behemoth said in an email to CNBC that it is currently testing a mobile payment application at its Salt Lake City and Austin stores. It is normal practice for restaurants to test out new ideas in select markets prior to deciding whether to expand an item or service at the nationwide level. McDonald’s already has a nationwide app in place that provides a restaurant locator, nutritional facts, and career information. Spokeswoman Ofelia Casillas said in the email: “We’re always looking at new technologies to make the McDonald’s experience better for our customers. We are testing some of these technologies in a few markets, so it’s premature to speculate on the decisions we may make after the tests, but we’re excited to bring a cutting-edge experience in the future to our customers.”
JPMorgan Chase & Co. (NYSE:JPM): Current price $53.30
Goldman Sachs Group has recruited Neil Moge from JPMorgan to lead a London-based team that oversees investments for insurers during an expansion of asset management in Europe. According to a memo from the world chief of Goldman Sachs’s insurance asset management division, Mike Siegel, Moge was appointed executive director and head of insurance portfolio management for Europe, the Middle East, and Africa. Moge served as executive director at JPMorgan’s global insurance solutions team, where he oversaw client relationships. Before coming to JPMorgan, he was an investment director at RSA Insurance Group PLC, Bloomberg reports.
Wal-Mart Stores Inc. (NYSE:WMT): Current price $73.98
According to WorkForce West Virginia’s annual list of the state’s biggest private employers, Wal-Mart Stores is the No. 1 private employer again, as it has been for 16 consecutive years. The top five remained the same as in 2012: Wal-Mart is followed by West Virginia United Health System, Charleston Area Medical Center Inc., Kroger Co., and Consolidation Coal Co. WorkForce did not divulge specific employment figures for each employer appearing on the list.