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E.I. DuPont de Nemours & Co. (NYSE:DD): The United States Department of Agriculture has forecast higher amounts of corn inventory in the most recent World Agricultural Supply & Demand Estimates report. The Department currently projects ending stocks of 647 million bushels, which is more than the prior estimate of 619 million. In response, the season-average farm price for corn was forecast at 20 cents lower at the midpoint between $6.95 and $8.25 per bushel. Additionally, the forecast for soybean output rose by 111 million for October to 2.971 billion bushels. Soybean ending stocks were forecast 10 million bushels higher at 140 million.
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General Electric Company’s (NYSE:GE) GE Healthcare, which comprises the healthcare unit of General Electric, has purchased U-Systems, which makes ultrasound products specifically designed for breast applications and has developed the somov Automated Breast Ultrasound. The company has operations in Sunnyvale, California and in Phoenix. Financials for the transactions were not reported.
JPMorgan Chase & Co. (NYSE:JPM) resumes its stock repurchase plan and expects to buy up to $3 billion of its stock back during the first quarter of next year. The company placed these buybacks on hold in the wake of the $6.5 billion “London Whale” mishap.
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