Verizon Sponsors 2nd Annual Visual 411 Sweepstakes and 2 Other Dow Movers to Watch
Verizon Communications Inc. (NYSE:VZ): Current price $50.55
Verizon is sponsoring its second annual Visual 411 sweepstakes, offering 13 prizes of as much as $2,500 when consumers use Visual 411, Verizon’s free business directory service. Accessible from PCs, laptops, tablets, smartphones, and FiOS TV, Visual 411 is an application that provides coupons, addresses, business phone numbers, directions, weather, traffic, and more. Customers may enter the sweepstakes from now through January 19 by visiting the official registration site, vz411.com, to respond to a daily question regarding the new app.
Wal-Mart Stores Inc. (NYSE:WMT): Current price $79.26
The retailer reported that it discovered safety problems at some of the factories in Bangladesh with which it does business, but that the majority of those facilities have since made improvements. A Wal-Mart spokesman indicated by email to Reuters on Sunday that the company tested the safety of more than 200 factories, explaining that “Of these, 32 had failures in their initial inspections, but all but two have since addressed those matters.” The inspection reports of 75 factories have been posted on Wal-Mart’s website, and the remainder will go up as they are completed.
Caterpillar Inc. (NYSE:CAT): Current price $84.31
Caterpillar said Friday that it will shut another factory and lay off 240 more workers as it continues to respond to a sharp drop in demand for its earth-moving products from customers within the mining industry. It is anticipated that the planned closure of the Pulaski, Virginia, facility, which manufactures coal haulers and other equipment, should be completed by the middle of next year. This is the most recent in a number of such closures announced by Caterpillar; earlier in November, Caterpillar said it would restructure a facility that makes underground mining equipment in Tasmania, idling 200 workers there.