Verizon Wireless Announces the Ellipsis 7 Tablet and 2 Other Dow Movers to Watch
Verizon Communications Inc. (NYSE:VZ): Current price $50.41
On Tuesday morning, Verizon Wireless announced its own tablet branded under its name, according to the Verge. The product is an Android tablet which might have been created to rival less-expensive 7-inch tablets such as the Nexus 7 and the Kindle Fire HDX. The details are still somewhat unclear, as Verizon promises it contains an “HD” screen, LTE connectivity, and a front-facing camera. Besides that, it seems to be running a near-stock version of Android Jelly Bean. Verizon Wireless says that it will go on sale on Thursday at $249.99 off-contract, versus the Nexus 7, which begins at $229 directly from Google Inc.
Caterpillar Inc. (NYSE:CAT): Current price $83.89
According to media reports, Caterpillar is shutting a highwall miner plant located in southern West Virginia, and transferring production to a facility in Pennsylvania. Caterpillar says that facility in Beckley will close by the middle of next year, with output transitioned to its plant in Houston, Pennsylvania. The Beckley facility employs some 40 workers who will be offered a severance package and transitional support.
General Electric Co. (NYSE:GE): Current price $26.48
CLARCOR will purchase the Air Filtration division of GE’s Power and Water division for about $265 million, subject to contractually agreed upon adjustments. The unit will continue to provide gas turbine air inlet filtration systems and filters to General Electric through a multi-year supply arrangement. The transaction should close by the end of this year.
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