DJIA Week in Review: Pfizer and Cisco Charge the Index Higher
Here’s your Cheat Sheet to the week in Dow 30 business news:
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General Electric Company’s (NYSE:GE) GE Energy Financial Services is one of three firms in a consortium that is purchasing Iberdrola’s (IBDRY) portfolio of French wind farms. Other companies involved are the renewables division of France’s EDF and the asset manager of the insurer Munich Re. The deal is valued at €350 million plus an additional €50 million, according to The Financial Times.
Intel Corporation (NASDAQ:INTC) might allow the attendees at next week’s CES conference to see its new cable TV set-top box, said an unnamed source to TechCrunch on Saturday. Plans are that the firm will introduce the product and a virtual cable TV service one city at a time, according to a knowledgeable source to the website.
McDonald’s Corporation (NYSE:MCD) swamps its competitors with a yearly revenue in excess of $27 billion. For a frame of reference, competitor Burger King has a revenue of $ 2 billion and Yum! Brands has $13 billion in annual revenue. McDonald’s price-to-earnings ratio at just under 17 and lower than Yum Brand’s ratio of nearly 20. Shares are a good value at the moment.
Microsoft Corporation (NASDAQ:MSFT) reported that users impacted by an outage of its Cloud Saved Games feature will given a free month of Xbox Live, says CNet. Additionally, the firm said that all problems associated with the feature’s outage have been repaired.