Caterpillar Sales On the Move and 3 Dow Movers Buzzing Today
The Boeing Company (NYSE:BA): The Federal Aviation Administration has announced relatively stringent requirements for inspections to be conducted every 90 days, subsequent to recommendations from the National Transportation Safety Board, according to The Wall Street Journal.
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Bank of America Corporation (NYSE:BAC): President Obama’s Residential Mortgage-Backed Securities Working Group, which was created to look into misconduct that helped to worsen the financial crisis, will soon take legal action, says a co-chair of the task force, New York Attorney General Eric Schneiderman, according to Reuters.
Caterpillar Inc. (NYSE:CAT) has posted August 3-month rolling world retail sales of machines up by 13 percent, in comparison to the July figure of 14 percent, and June’s 11 percent. In addition, the August numbers were up 27 percent in the Asia-Pacific region, unchanged for Europe, Africa and the Middle East, down 5 percent for Latin America, up 24 percent for North America and up 7 percent for rest of the world.
Chevron Corporation (NYSE:CVX): The United States’ part of the Gulf of Mexico is poised for a boom in energy production, subsequent to the notable slump in output following the Deepwater Horizon disaster. Estimates by the consulting firm Bentek Energy have Gulf oil flows jumping by around 28 percent by 2022 to 1.8 million barrels per day, says The Wall Street Journal.
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