The Federal authorities are now seeking $2.1 billion in penalties from Bank of America Corp (NYSE:BAC) for the sale of risky residential mortgage-backed securities (RMBS). Bank of America Corp (NYSE:BAC) stock opened at $16.72 in last session, and closed at $16.75, while the day range of stock is $16.61 – $16.98. The stock showed a positive weekly performance of 1.82 %.
Ford Motor Company (NYSE:F) announced that it will be investing $80 million and will employ 350 new workers at its Kentucky truck plant. This initiative will help the automaker meet the rising demand for the Ford F-Series Super Duty trucks. Ford Motor Company (NYSE:F) stock opened at $15.09, in last session and closed at $14.96, by losing -1.90%. The 52 week range of the stock is $12.10 – $18.02. Company’s market capitalization is $59.01 billion.
Pfizer Inc. (NYSE:PFE) has entered into a research collaboration with Neoantigenics, a privately held biotech company in Charlottesville. The two companies will pair in early-stage research and development for treatments targeting human cancer. Besides the scientific collaboration, PFE has also made a seed investment in the upstart biotech through its Pfizer Seed Fund. Pfizer Inc. (NYSE:PFE) stock decreased -1.36% and finished the last session at $30.40. The EPS of the stock remained 1.70. Company’s market capitalization is $197.02 billion.
Obama toured a General Electric Company (NYSE:GE) plant in Waukesha, where he told about 400 people that America needs even more qualified workers to fill a growing manufacturing need. He singled out Troop by name, saying the 26-year-old showed he was willing to work hard and farsighted enough to seek trained for a field for which workers were in demand. General Electric Company (NYSE:GE) stock opened the session at $25.21, and closed the session at $25.13. The 52 week range of the stock remained $21.11 – 28.09 and the day range was $25.08 – $25.38.
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