These 3 Dow 30 Stocks are Tanking Now
American Express Company (NYSE:AXP): Several top officers of three major U.S. companies are said to be potential witnesses in the insider trading case of Rajat Gupta. The Wall Street Journal reports that the names include: Goldman’s (NYSE:GS) Chairman and Chief Executive Lloyd Blankfein; Procter & Gamble’s (NYSE:PG) former chairman, president and CEO A.G. Lafley; and American Express Chairman and CEO Kenneth I. Chenault.
Investing Insights: Here’s Why Wal-Mart’s CEO is Shaking in His Boots.
Boeing Co. (NYSE:BA): CEO Gary Kelly of Southwest (NYSE:LUV) announced at the annual shareholders meeting that his company will put off taking delivery of 30 Boeing 737s, in a cost saving move that could amount to more than $1 billion through 2014, says a report by The Associated Press. Kelly also explained that the deliveries might be pushed back to 2017 and 2018, as his company will not be entering the petroleum business anytime soon.
Caterpillar Inc. (NYSE:CAT) announces that its retail sales of machines for the 3-month rolling period that ended in April was up 12 percent worldwide, up 32 percent in North America, and 5 percent in the Asia/Pacific region.
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