Chevron’s New Scandal and GE’s Healthy Dow Lift
Bank of America Corporation’s (NYSE:BAC) former lead attorney Tim Mayopoulos, who is Fannie Mae’s (FNMA) new CEO, will recuse himself in all cases that concern BAC, according to HousingWire. Instead, Mayoploulos confirms that a team of top Fannie Mae executives will make the decisions concerning the buyback issues between the GSE and Bank of America.
Chevron Corp. (NYSE:CVX) is among the oil firms which are looking into allegations of improper payments to Kazakhastan officials, says the Wall Street Journal. Also investigating the matter are Eni SpA (NYSE:E), and Lukoil (LUKOY). The situation arose when an anonymous email charged that Deutsche Post and the Kazakhastan Post Office authorized regular cash payments to custom officials in Aksai.
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Walt Disney Co. (NYSE:DIS) reports that it has set a 28-day hiatus on selling its DVDs to rental outlets which include Redbox (NASDAQ:CSTR), Netflix (NASDAQ:NFLX) and Blockbuster (NASDAQ:DISH), following their launch. However, a spokeswoman for Redbox says that the company will use the same sort of alternate sourcing strategy that it employed with Warner Bros. (NYSE:TWX) at the time of the release of Disney’s John Carter, according to The Los Angeles Times.
General Electric Co. (NYSE:GE) Healthcare has reached an agreement to partner with Affibody AB in collaboration on the development of a Her2-targeted PET imaging agent, which is supposed to begin clinical trials later in 2012. Future clinical evaluations will explore the confirmation of Her2 status in patients suffering breast cancer recurrence, and will determine if Her2 status changes over time, monitor therapy of patients with metastatic breast cancer receiving anti-Her2 treatments, and help settle the status of indeterminate Her2 tests.
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