Lockheed Martin Gets Big Order, JPMorgan Reaches Settlement: Morning Buzzers
U.S. stock futures rose slightly this morning ahead of the Federal Reserve’s two-day policy meeting. Economists surveyed by Bloomberg have said they believe the Fed will decide to reduce its $85 billion a month bond purchases by $10 billion. On Monday, stocks rose after Lawrence Summers decided to drop out of the race for Fed Chairman, making the investor-preferred Janet Yellen the likely candidate to replace Ben Bernanke.
Futures at 8:30 a.m.: DJIA: +0.07% S&P 500: +0.07% NASDAQ: +0.16%
Here’s your cheat sheet to what’s buzzing this morning:
Barrick Gold (NYSE:ABX) 85-year-old co-founder and co-Chairman Peter Munk has given no indiction that he’ll retire anytime soon, despite pressure from large investors and shareholders to give a date when he’ll leave the company. According to the Wall Street Journal report, investors have told the Toronto-based company — which is the world’s largest miner of gold — that they want new independent directors to be brought in. Munk has shown no desire to step down and hand the leadership position over to co-Chairman John Thorton.