Toyota Invests In North America, GE Invests in Tanzania, and 3 More Hot Stocks
Toyota Motor Co. (NYSE:TM): The world’s largest automaker will be pumping about $200 million into three new facilities in the United States, to help increase North American capacity. Included in the spending is $150 million at a Huntsville, Ala., engine plant, according to an emailed statement. Toyota is also investing at factories in Troy, Mississippi, and Jackson, Tennessee, which supply the Alabama facility. Toyota has spent about $2 billion in North American manufacturing investments the past two years.
General Electric (NYSE:GE): GE is working with Symbion Power Tanzania to create a 400MW gas-fired power plant in Tanzania, a project that could alleviate power shortages in east Africa’s second largest economy. Tanzania estimates it has 41.7 trillion cubic feet of recoverable natural gas reserves although very little of it is pumped out, while economic growth is hindered by chronic energy shortages.
Wal-Mart (NYSE:WMT): The retailer has been in discussions with Wells Fargo (NYSE:WFC) and Bank of America (NYSE:BAC), about managing its sizable $15.6 billion 401 K program. BrightScope estimates Wal-Mart has 1.2 million — or more — people participating in its retirement plan, and that the average account balance stands at just $15,000. Bank of America has managed the accounts for the past 15 years.
Time Warner (NYSE:TWX): Man of Steel has found rousing success China, taking in 80 percent of the nation’s box office on Thursday to pull in 36 million yuan, or about $5.86 million. Good news for IMAX (NASDAQ:IMAX), and better news for Time Warner as the film’s success sets the stage for future action flicks in the most populous nation.