Hewlett-Packard in Court and 4 Dow Movers to Watch Now

Boeing Co. (NYSE:BA) is party to a new contract with Elbit Systems’s (NASDAQ:ESLT) wholly-owned Israeli subsidiary Elbit Systems – Cyclone Ltd., under which it will be supplied structural components from the latter. The arrangement has a value of around $80 million, and will be carried out over seven years.

Bank of America Corporation (NYSE:BAC) has been given a 2012 Model Bank award from Celent, the financial services research and consulting firm. The recognition arises from BofA’s, CashPro Payments, which is a global payments hub that it developed and deployed in late 2011. CashPro employs a sophisticated payment infrastructure, which provides BofA Merrill clients with an integrated global payments connectivity worldwide.

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Walt Disney Co. (NYSE:DIS): The U.S. Department of Justice is pursuing an antitrust inquiry, as to whether cable companies (NASDAQ:CMCSA)(NYSE:TWC) are responding improperly to competition from online video (NASDAQ:NFLX)(NASDAQ:NWSA)(NYSE:DIS), according to sources to the Wall Street Journal.

Hewlett-Packard Company’s (NYSE:HPQ) trial in California, regarding the company’s allegations that Oracle Corp. broke a contract when it decided in 2011 to cease the development of software for some H-P servers, resumes Wednesday following a two-day pause.

Johnson & Johnson (NYSE:JNJ) shares are moving up, following word that one of the firm’s subsidiaries, Janssen Pharmaceutical, would advance its position in J&J shares in the framework of an acquisition. In response, Jefferies boosted the shares from Hold to Buy, JPMorgan from Neutral to Overweight, and Raymond James from Market Perform to Outperform.

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