Dow 30 Week in Review: Boeing Cisco, Disney, General Electric and More

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Here’s your Cheat Sheet to the week in Dow 30 business news:

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General Electric Company (NYSE:GE): Investors are looking for yield and several firms are currently taking advantage of the situation by issuing additional long-term bonds as they endeavor to shrink their refinancing requirements in coming years when interest rates will probably increase, says the Wall Street Journal. Thus far in 2012, investment-grade firms have sold more 30-year bonds in the United States than during any full year since 1995, according to data from Dealogic.

Hewlett-Packard Company (NYSE:HPQ): So far, the release of Windows 8 has not ignited a pickup in orders from the PC sector for the fourth quarter, reports DigiTimes. Industry sources indicate that international chipset movers are surprised by the continued declining world demand for PC products, given the expected product release.

International Business Machines Corporation (NYSE:IBM) unveiled PureData System on Tuesday, which marks an expansion of the supplier’s PureSystems family of integrated systems that combine hardware and software. The move comes only days following Oracle’s most recent releases in its “Exa” engineered systems lineup.

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General Electric Company’s (NYSE:GE) GE Energy Financial Services, First Solar (NASDAQ:FSLR), and Verve Energy opened the 10-megawatt Greenough River Solar Farm near Geraldton, Western Australia, at which time solar power received a jolt of energy Wednesday as Australia’s first large-scale photovoltaic solar project was officially switched on. The successful inauguration comes after more than a year of planning, design, construction and testing and with this project now finished, partners Verve Energy and GE Energy Financial Services can explore the possibility of expanding the plant to up to 40 megawatts, in order to satisfy increasing demand for renewable energy. Meanwhile, the 10-megawatt project should supply sufficient solar energy to power 3,000 homes and displace 20,000 tons of greenhouse gases annually, and represents the first renewable energy investment in Australia GE Energy Financial Services, contributing to its global portfolio in excess of US$8 billion committed globally to projects generating power from hydro, wind, solar, biomass, geothermal along with other renewable sources.

Hewlett-Packard Company (NYSE:HPQ) launched two new connectivity solutions, Connected Remote and Connected Photo, during a press event exhibiting its most recent Windows 8 devices. Both features represent the firm’s efforts to seamlessly mesh its PCs with smartphones. HP Connected Remote is similar to the concept of virtual network computing (VNC), which permits users to wirelessly control media stored on HP Windows 8 PCs, using an iOS or Android mobile device. The Remote application can access Windows Media Center and Player, iTunes, and PowerDVD by the use of the same Wi-Fi connection.

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International Business Machines Corporation (NYSE:IBM) has enlarged its PureSystems line of pre-integrated systems to now include new models to accomplish business analysis and online transaction processing. The systems have been developed to excel at three common tasks within enterprise computing, namely, near real-time data analysis, business intelligence, and online transactional processing.

JPMorgan Chase & Co. (NYSE:JPM) has recruited Nomura’s (NYSE:NMR) Ahmed Saeed, who will lead the firm’s Middle East business which is concentrated on public sector clients, according to Reuters.

American Express Company’s (NYSE:AXP) prepaid cards might be offered by CVS Caremark Corporation (NYSE:CVS), according to a note to investors by the research firm Jefferies earlier Wednesday, and prepaid card issuer Green Dot Corporation’s (NYSE:GDOT) shares are sliding on the news. CVS ranks among Green Dot’s biggest distribution partners, and brings approximately 6 percent of its total revenues, says Jefferies. In response to rapid encroachment by American Express on Green Dot’s largest distribution partners, the analyst cut its 2012 and 2013 revenue and earnings per share estimates for the latter, also slashing its price target on Green Dot from $17 to $13, keeping a Hold on the stock. Previously, the shares slid significantly on Monday after Wal-Mart, another of Green Dot’s distribution partners, reported a deal to launch American Express prepaid cards in 4,000 of its stores.

The Boeing Company (NYSE:BA) delivered two new Boeing 787 Dreamliners to Air India in September, but one of them has already been grounded following its front cargo door developing a snag, and now can not be closed so that the plane can get airborne, according to The Economic Times. A source commented that, “The amazing thing is that nothing hit the cargo door and the part simply disintegrated on its own. Boeing is to send a replacement part from Europe to Delhi via London but it hasn’t come so far. The airline gets a bad name because of the composite material trouble.”

Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>

Bank of America Corporation (NYSE:BAC) is among some half dozen top financial institutions which late in September experienced the distributed-denial-of-service attacks, which briefly disrupted their online services. The attacks stopped abruptly around two weeks ago, despite continuing threats by the group that claimed credit for them. Izz al-Din al-Qassam Cyber Fighters, the military wing of Hamas, had said in a Pastebin message that the attacks would continue until a preview of the independent film “Innocence of Muslims,” which they think insults the prophet Mohammed, is removed from the Internet. However, a blog post by Mor Ahuvia, a cybercrime communications specialist at the security firm RSA, predicts that another wave of attacks looms, this one targeted towards stealing big money. Other major financial firms attacked included Wells Fargo & Co., U.S. Bancorp, PNC Financial Services Group, Citigroup, and JPMorgan Chase.

The Walt Disney Company’s (NYSE:DIS) ABC network and Buena Vista Television divisions will request Wednesday that a federal appeals court overturn a $319 million judgment which was won two years ago by the creators of Who Wants to Be a Millionaire in the U.K., according to Reuters. ABC says that the judge who oversaw the trial permitted the jury to adopt a flawed reading of the contract with Celador International Ltd., which entitled the creators to a share of ABC’s profits.

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E.I. DuPont de Nemours & Co. (NYSE:DD): Francesca Crolley, Vice President for Business Development for Industrial Nanotech, Inc., has commented that “We look forward to working with DuPont Power Coatings Andina. They have a broad and extensive experience in the design, manufacture and supply of high-performance protective coatings focused on Oil & Gas and specialized industry. Their knowledge and experience supplying external coatings for pipelines and storage tanks, industrial process plants, petrochemicals, refineries, water industry, mining industry and many other sectors will greatly benefit the growth of our products in this region, as well as offer the opportunity for their company to supply leading edge sustainable technology to their customers.”

The Walt Disney Company (NYSE:DIS) is facing a lawsuit in the United States District Court in Colorado, brought by Stan Lee Media, who says that it controls the rights to the Marvel characters which include Spider Man and Iron Man, according to Reuters. The latter is seeking the return of “billions of dollars of profits.”

Hewlett-Packard Company (NYSE:HPQ): The numbers of PC shipments are ready to slide in the third quarter, says The Seattle Times, according to the research firm IDC. Global PC shipments fell by 8.6 percent year-over-year from 2011 because companies were clearing inventory to allow room for Windows 8 products along with pressure from tablets and smartphones.

JPMorgan Chase & Co. (NYSE:JPM) may see the resignation of Chief Financial Officer Doug Braunstein, who is said to be taking another position with the bank, said an inside source to Reuters on Wednesday, who added that the change would be Braunstein’s decision only and unrelated to the $6 billion of losses from bad bets on derivatives.

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United Technologies Corporation’s (NYSE:UTX) new UTC Aerospace group will include Goodrich, adding approximately $8 billion in revenue. The firm fills the criteria of being a leader in its field since it is the biggest manufacturer of aircraft landing gear. Additionally, United Technologies is purchasing other aircraft components such as de-icing systems used on planes.

Exxon Mobil Corporation’s (NYSE:XOM) Australian chairman said Thursday that the firm expects to make a decision in regards to how to develop the Scarborough gas field around the second half of next year. The field is thought to be one of the toughest projects in Western Australia.

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The Boeing Company (NYSE:BA) is among defense contractors for which it is thought that an election victory by Romney might help. Others in that group include Lockheed Martin (NYSE:LMT) and Raytheon Company (NYSE:RTN). Other firms which are not directly defense related might be helped, such as Exxon Mobil Corporation (NYSE:XOM) and Halliburton Company (NYSE:HAL), along with top Wall Street banks like JPMorgan Chase & Co. (NYSE:JPM) and Citigroup (NYSE:C).

Cisco Systems (NASDAQ:CSCO) has said several things recently about its cloud strategy, which represents a full solution portfolio for SAP HANA and a new CRS elastic core solution. The firm announced that is has new elastic core networking capabilities which allow service providers to scale revenue-generating services within minutes, rather than months. In addition, the new solution contains an integrated 100 gigabyte per second Internet Protocol over dense wave division multiplexing (IPoDWDM) and Cisco’s new nLight technology for the Cisco Carrier Routing System (NYSE:CRS) integrates IP and optical transport networks.

Chevron Corporation (NYSE:CVX) shares plummeted Wednesday, the first trading day following the firm saying that its third quarter would be weaker than the second. The shares fell by 4.2 percent, or $4.91, and closed at $112.45.

Wal-Mart Stores (NYSE:WMT) reported this week that its company program that ends out-of-pocket procedure and travel costs for employees who seek certain heart and spine surgeries will be expanded if they go to hospitals in the United States with which it has agreements.

Exxon Mobil Corporation (NYSE:XOM), Royal Dutch Shell (NYSE:RDSA) and BP (NYSE:BP) are among the six companies that have applied to the United States government for crude oil export licenses, says The Financial Times. American exports could substantially affect oil trading patterns among North America, Europe and West Africa along with exerting pressure on prices of brent in particular and other crudes.

Bank of America Corporation (NYSE:BAC): A number of bond traders speculate that domestic mortgage interest rates could fall even more, as the Federal Reserve increases its purchases of new mortgage bonds, according to The Financial Times.

Cisco Systems (NASDAQ:CSCO) could see its partnership with VMware (NYSE:VMW), the largest manufacturer of software which allows computers to handle multiple operating systems, change following its $1.26 billion purchase of Nicira Inc. The latter makes software which helps networks run more efficiently, an area in which Cisco is dominant with sales of hardware. VMware Chief Executive Officer Pat Gelsinger said this week that the industry is waiting to see how the move to software-based networking will affect Cisco.

Chevron Corporation’s (NYSE:CVX) $18 billion legal battle that sets the firm up against indigenous Amazonian Indians has moved into a courtroom in California where the oil major is attempting to force Google, Microsoft and Yahoo to relinquish e-mail accounts used by lawyers for the Ecuadorians. According to CNET, on Friday, Google requested that a California federal court to reject Chevron’s request for immediate disclosure, contending that it’s “simply unreasonable to demand that Google collect, review, and produce this volume of information in less than 30 days,” prompting Chevron to agree to more time.

The Walt Disney Company (NYSE:DIS) is implementing a new policy of consuming less paper from environmentally threatened areas. This concession comes a year after the company was targeted by environmental protesters.

Hewlett-Packard Company (NYSE:HPQ) and Dell (NASDAQ:DELL) could continue to see their global PC market shares decline next year, says DigiTimes. On the other hand, sources from supply chain makers say that Lenovo, Asustek Computer and Apple (NASDAQ:AAPL) should rise and significantly alter the PC supply chain’s ecosystem.

Intel Corporation’s (NASDAQ:INTC) future Core i7-3970X Extreme processor details have been supplied by CPU World, which marked the information about the firm’s upcoming flagship processor on Intel’s website. CPU World says that the Core i7-3970X would run at 3.5 gigahertz and will have 15 megabytes of L3 cache, which would make i7-3970X two times faster than the current Intel flagship i7-3960X processor. The Core i7-3970X is based upon the firm’s 32-nanometer Sandy Bridge-E architecture.

JPMorgan Chase & Co. (NYSE:JPM) posts a record third quarter 2012 net income of $5.7 billion, or $1.40 per share, on revenues of $25.9 billion.

Microsoft Corporation (NASDAQ:MSFT) intends to introduce a marketing campaign for Windows 8 this weekend. Windows 8 represents the firm’s overhaul of its flagship product as it tries to catch up to the advent of mobile devices like Apple’s iPad, according to the Wall Street Journal. Sources indicate that the initial ads will hit at the same time as pre-orders of some computers and tablet devices powered by Windows 8, which will to go on sale on October 26th. Microsoft and its hardware allies will shell out hundreds of millions of dollars for the blankets of ads.

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