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More quality issues arise on Ford Motor‘s (NYSE:F) 2013 Escape model as it recalls those built between April through July 11 of 2012 to replace a possibly faulty fuel line.
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El Paso (NYSE:EPB) announced a cash distribution of $0.55 per common unit, representing an increase of 8 percent on a q-on-q basis and 15 percent y-on-y; EPB has increased its cash distribution 17 consecutive quarters since its initial public offering in November 2007.
Chevron (NYSE:CVX) purchases an 80 percent interest in two oil blocks in Iraqi Kurdistan, seeing considerable promise in the area despite its lingering diplomatic disputes; oil companies are queueing up for opportunities in the region as Southern Iraq turns out to be disappointing.
After Walgreen (NYSE:WAG) and Express Scripts (NASDAQ:ESRX) kissed and made up by signing a new pharmacy network agreement, shares of a key beneficiary of their dispute CVS Caremark (NYSE:CVS) fell sharply.
Philip Morris (NYSE:PM) saw overall lower cigarette sales volumes and currency losses which were only partially redeemed by strong demand in its Asian operations. Europe was the worst hit, with a 9.4 percent fall. Nevertheless, the company stands by its forecast of an EPS of $5.10 to $5.20 for the full year.
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