Wal-Mart Faces LAWSUIT and 2 Must-See Dow Movers
United Technologies Corp. (NYSE:UTX) has obtained all the remaining regulatory approvals required by its proposed purchase of Goodrich Corporation (NYSE:GR). The finalization of the regulatory review by the United States Department of Justice and the European Commission permits United Technologies to proceed with the proposed acquisition which was announced on Sept. 21, 2011, and the transaction should close by the end of the week. As expected, the regulatory clearances mandate that UTC divest Goodrich’s Electric Power Systems unit and Goodrich’s Connecticut-based Pumps and Engine Controls division. Also, UTC will sell Goodrich’s stake in Aero Engine Controls, which is a joint venture with Rolls-Royce.
Wal-Mart Stores Inc. (NYSE:WMT) must deal with a lawsuit brought by disability rights advocates, who allege that the retailer has failed to make payment machines accessible to disabled customers in wheelchairs and scooters, says Reuters.
Exxon Mobil Corp. (NYSE:XOM): Demand for oil inside China fell by 1.9 percent year-over-year in June, says China Daily, which pointed to an analysis by energy and metals information supplier Platts, which added that the decrease was the first such movement since the first quarter of 2009.
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