Chevron INKS Shell Deals and 3 Dow Stocks in the Spotlight

Bank of America Corporation (NYSE:BAC): Domestic stocks may be close to their highest level in around five years, but that doesn’t seem to be making participants in the market happy, says the Wall Street Journal, as investors cite doubts about the economy and to whether expectations for new monetary stimulus are realistic, given the current political deadlock in Congress.

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Chevron Corporation (NYSE:CVX) Australia Pty Ltd and Shell Development Australia Pty Ltd reported that they have reached a binding agreement for the exchange of Chevron’s 16.7 percent interest in the East Browse titles and Chevron’s 20 percent interest in the West Browse titles, with Shell’s 33.3 percent interest in the Clio-Acme titles. An additional cash payment from Shell to Chevron of $450 million has been agreed upon, along with the exchange of titles. Upon the close of this transaction, Shell will hold a 35 percent interest in the West Browse titles and 25 percent interest in the East Browse titles. The transaction is subject to the usual approvals and registration of the dealings, and is consistent with Shell’s growth strategy, which is securing material direct interests in major liquid natural gas supply projects.

Walt Disney Co. (NYSE:DIS): Hulu Chief Executive Jason Kilar seems to be exiting the company with a date set in September, according to AllThingsD, which cites a report in Variety which suggests that Kilar and fellow employees will cash out their equity stakes in that month. Anther new development for Hulu includes obtaining cable carriage fees for their programming, which the company is said to be much less interested in giving away for free without restrictions.

The Home Depot, Inc. (NYSE:HD) acquisition of U.S. Home Systems (NASDAQ:USHS) has won an early termination by the Federal Trade Commission of the Hart-Scott-Rodino review, according to a posting on the Commission’s website.

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