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Walgreen Company (NYSE:WAG) has been downgraded from Outperform to Neutral by Macquarie after considering the expensive Alliance Boots acquisition. Macquarie’s analysts are confused by the acquisition since it does not affect the soft traffic trends or pharmacy sales in the U.S.
Ford Motor Company (NYSE:F) has officially launched a lab dedicated to technology, with a focus on ways to improve data mining, in Silicon Valley. The main goal of executives is to become a tech leader in the industry. The automakers efforts have resulted in open platform system allowing app developers to create features which will hopefully set the cars apart.
Citigroup Inc. (NYSE:C): The Mortgage Bankers Association claims that last week, applications requesting government mortgages refinancing reached its highest.
Chesapeake Energy Corporation (NYSE:CHK) head Fu Chengyu went to Oklahoma this week in order to consider a possible bid for Chesapeake’s assets, reports Financial Times citing sources. By trying to purchase Chesapeake assets instead of the entire company, Sinopec wishes to decrease the political backlash.
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