These Dow 30 Titans are Kicking Off the Week with News
Walt Disney Co. (NYSE:DIS): “The Avengers”, Marvel Entertainment’s superhero action epic, topped box office records in North America at its debut over the weekend, according to the early estimates. The film earned $200.3 million, making it the highest domestic debut of all time, says a Wall Street Journal report. Marvel is owned by Disney, and its megahit movie is said to have earned cumulative worldwide grosses of $641.8M in 12 days.
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General Electric Co. (NYSE:GE) and XD Electric Group report that they are partnering to produce a full line of electric transmission and distribution and grid automation solutions to customers worldwide. The arrangement is subdivided into three major components: 1) Establishment of a worldwide partnership to combine GE’s grid automation and service capabilities with XD Electric’s comprehensive portfolio of primary power equipment in which customers will be offered an array of integrated transmission and distribution solutions; 2) Provision of a joint venture with XD Electric to enable customers in China to have localized grid automation solutions; and 3) GE’s acquisition of a 15 percent equity investment in XD Electric and the appointment of a representative to the board of directors of XD.
Intel Corporation’s (NASDAQ:INTC) ultrabooks might get a response from Apple (NASDAQ:AAPL)in the form of a $799 MacBook Air in the third quarter, says DigiTimes, citing upstream supply chain sources. Further, the gap in prices between the two products might delay the standardization of ultrabooks.
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