What’s Moving These Hot Stocks: Bank of America, Hewlett-Packard, Eldorado Gold
Bank of America Corporation (NYSE:BAC): A false alarm involving a mystery package that contained a “grenade-like novelty item” caused the evacuation of 2 World Financial Center, which houses such financial institutions as Merrill Lynch and Nomura Holdings (NYSE:NMR) in New York Thursday. Bloomberg says that the NYPD gave the all-clear following an inspection of the package that proved that there was no explosive device planted within. The episode was sparked when a private security guard believed that he saw something that looked like a real grenade in the box as he screened it, according to NBC’s local New York affiliate.
Hewlett-Packard Company (NYSE:HPQ): Shipments in the worldwide personal computer market grew by 2.3 percent in the first quarter, according to IDC and reported in DigiTimes.
Eldorado Gold Corp.’s (NYSE:EGO) President and CEO Paul N. Wright has given an overview for guidance as to the firm’s construction schedules, production levels, and capital and operating cost estimates for the period 2012-2016. Eldorado’s newly purchased assets in Greece and Romania and their integration into the company got special attention, as Wright commented, that “Eldorado plans on expanding gold production by roughly 160 percent over the next five years, making it one of the fastest growing emerging senior gold producers globally. With industry leading cash costs of approx. $350 an ounce expected over the same period, the company’s extensive mine development, construction and expansion programs can be funded largely by growing internal cash flows. Eldorado intends to invest over $1 billion in Greece over the next several years in new mine development and related infrastructure. This significant investment will result in material direct and indirect job creation.”.
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