Wal-Mart Faces Fines and 3 Dow Movers Seeing Action Mid-Week
AT&T (NYSE:T) Government Solutions wins a Trusted Handheld Platform contract from the United States Marine Corps to develop and supply trusted mobile devices. Through the terms, AT&T and its tech providers will develop 450 prototype mobile devices for certification, testing, and implementation by the Defense Department and other stakeholders.
Johnson & Johnson’s (NYSE:JNJ) new drug, bedaquiline, is featured in an FDA review that describes how it treats drug-resistant TB along with Cepheid’s (NASDAQ:CPHD) expectation to have its new, faster TB diagnostic test ready in the United States by mid-2013. Domestically, rates of multidrug-resistant tuberculosis are low but are inching back up with new threats appearing as drug resistance worsens overseas and more dangerous strains develop and spread, says The Wall Street Journal.
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United Technologies Corporation’s (NYSE:UTX) subsidiary worldwide aftermarket business, Sikorsky Aircraft’s Sikorsky Aerospace Services, has chosen CPI Aerostructures (AMEX:CVU) to overhaul and repair outboard stabilator assemblies for the H-60 Seahawk helicopter. CPI Aero will inspect, overhaul and repair stabilator assemblies under this first new O&R contract with deliveries set to begin in January.
Wal-Mart Stores (NYSE:WMT) faces significant fines linked to allegations of bribery at its Mexican affiliate, subsequent to a second report from the New York Times, containing details about the scope of the alleged misconduct, according to Reuters. The most recent report is important because it seems to indicate that the alleged bribes were a substantial part of its business methods.
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