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Chevron Corporation’s (NYSE:CVX) huge refinery in Richmond, California was the scene of a major fire on Monday which was contained but not extinguished, according to Reuters.
Investing Insights: Is Chevron’s Stock a Buy Now?
Walt Disney Co. (NYSE:DIS) Chief Executive Philippe Gas commented that, “We are pleased with the strong launch of our 20th Anniversary celebration which has helped us drive 4 percent revenue growth in the third quarter in a still uncertain economic environment. Guest satisfaction for the third quarter was up 7 percent points to the prior year, confirming the celebration’s impact and the relevance of our ongoing investments in the guest experience. Our unique Disney Dreams! nighttime show is also proving to be a great hit amongst our guests.”
General Electric Company’s (NYSE:GE) GE Capital’s Commercial Distribution Finance division said that it will be supply strategic floorplan financing to Nautic Global Group, a major domestic boat manufacturer. The jointly-developed program is immediately available to all Rinker, Hurricane, Godfrey Pontoon and Polar Kraft dealers in the United States, and will provide NGG dealers with specialized, vendor-subsidized financing programs and terms along with a dedicated, expertly trained staff that is committed to providing first-class customer service.
The Home Depot, Inc. (NYSE:HD) and U.S. Home Systems, Inc. (NASDAQ:USHS) have reported a definitive merger agreement through which the former will purchase the latter. Under the terms of the deal, Home Depot will acquire U.S. Home Systems at $12.50 per share in cash which represents an approximately 38 percent premium over USHS’ closing price on Monday. The acquisition should close by the end of 2012.
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