GE Finalizes 737 Order and 3 Dow Movers Making Waves Today
General Electric Company’s (NYSE:GE) GE Capital Aviation Services, its commercial aircraft leasing and financing arm, and The Boeing Company (NYSE:BA) have completed a firm order for 85 737s, among which includes 75 737 MAX 8s and 10 Next-Generation 737-800s. This order, worth $6 billion at list, was first announced as a commitment at the Farnborough Airshow in July and permits up to 15 additional 737-800s.
Hewlett-Packard Company (NYSE:HPQ): It is anticipated that personal computer vendors will offer entry-level ultrabook models at prices up to $699 to produce large shipment volumes, says supply chain manufacturers to DigiTimes, who add that high-end ultrabook models could be priced above $1,000 in order to maintain profitability in 2013.
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Intel Corporation’s (NASDAQ:INTC) investment unit Intel Capital has reported investments of $40M million in 10 tech start-ups and firms, which include Hungama.com from India, according to The Economic Times. They are investing in new technologies coming forward in such areas as consumer internet, cloud computing, and digital media.
JPMorgan Chase & Co. (NYSE:JPM): The Royal Bank of Scotland (NYSE:RBS) is among banks being investigated by New York State Attorney General Eric Schneiderman in regards to the sale of mortgage-backed bonds prior to the financial crisis, according to The Telegraph. Schneiderman had previously brought a lawsuit against JP Morgan which alleged that Bear Stearns missold billions of dollars worth of mortgage-backed bonds before the crisis and later commented that cases against other banks would probably follow.
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