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Bank of America Corporation (NYSE:BAC) Merchant Services will offer the First Data OfferWise (NYSE:SM) solution to all of the eligible 650,000 merchants’ U.S. locations via 2Go Media’s (NYSE:TM) iDeals Marketing Platform. The latter has brought the First Data OfferWise solution into its iDeals Marketing Platform to provide offer creation, distribution and redemption full circle to merchants of any size.
EI DuPont de Nemours & Company’s (NYSE:DD) division E.I. du Pont de Nemours and Co., along with Butamax Advanced Biofuels LLC, are expected on Monday to receive a preliminary injunction in an action brought by Gevo, Inc.(NASDAQ:GEVO) to immediately stop their alleged ongoing infringement of a Gevo patent covering the production of isobutanol with genetically engineered microorganisms. The request for the injunction concerns Gevo’s U.S. Patent No. 8,133,715, which covers a production process that uses isobutanol-producing yeast, and follows a lawsuit that was filed March 13, in the U.S. District Court for Delaware, which alleges that Butamax and DuPont infringe the said Patent.
The Walt Disney Co. (NYSE:DIS) will report its third quarter earnings following the market close on Tuesday, August 7 in a conference call scheduled for 5:00 pm Eastern Time. Analysts expect earnings per share of 93 cents on revenue of $11.3 billion, against a consensus range between 85 and 98 cents, and $10.78 billion to $11.67 billion, respectively, says First Call. Already, Disney has forecast the ramping down of its capital investments in domestic parks and resorts and said that its Interactive unit should be profitable in 2013. Observers and investors will listen for comments regarding Dish Network’s (NASDAQ:DISH) AutoHop feature, sales of upfront advertising, along with how much Disney’s children’s network might have benefitted from Viacom’s (NYSE:VIA) dispute with DirecTV (NASDAQ:DTV). Wells Fargo upgraded Disney to Outperform from Market Perform in July, as it thinks that consensus estimates are too low and that shares could break out of their high $40-range subsequent to the earnings call.
General Electric Company’s (NYSE:GE) GE Energy Financial Services division has committed approximately $156 million in common equity for one of Minnesota’s largest wind farms, which employs GE turbines. The move is part of the company’s expansion of its partnership with the global renewable energy firm Enel Green Power. The GE division now owns 51 percent of the 200-megawatt Prairie Rose wind project which is under construction in southern Minnesota near Hardwick, northwest of Luverne, and is expected to cost about $305 million. Construction is being managed by Minneapolis-based Mortenson Construction, and should be finished later in 2012. Under a 20-year contract, the wind farm will provide all of its power to Northern States Power Company, which is a subsidiary of Xcel Energy.
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