Stocks In News (AA, SCHF, DOLE, ETR, GE)
Alcoa Inc.(NYSE:AA) shares declined 1.15% to $9.47 in the pre-market hour after the shares of Alcoa Inc. was cut to Hold by analysts at Jefferies.
The company last week announced that Chief Information Officer Nancy Wolk was recognized as one of the 2012 Top 10 Breakaway Leaders during the 2012 Global CIO Executive Summit this week. The prestigious award recognizes world-class IT leaders and their organizations and honor CIOs whose leadership elevates their people, partners and business.
Schwab International Equity ETF(NYSEARCA:SCHF)shares gained 7% in the last one year. The 52 week trading range for the company is $21.88 – $27.07. The Fund’s index consists of large and mid capitalization companies in developed countries outside the United States. The Index defines the large and mid capitalization universe as approximately the top 90% of the eligible universe.
Dole Food Company, Inc.(NYSE:DOLE) stock gained 5.47% to $14.45 in the pre-market hour after the company announced that it has signed a definitive agreement with Itochu Corporation for the sale of Dole’s worldwide packaged foods and Asia fresh produce businesses for $1.685 billion in cash. This proposed transaction results from Dole’s previously announced strategic business review process, and is subject to Dole stockholder approval and customary regulatory approvals in multiple countries.
Entergy Corporation(NYSE:ETR)yesterday provided an update on preliminary financial effects, liquidity resources and recovery initiatives after slow-moving Hurricane Isaac struck southeastern Louisiana in late August, leaving more than 787,000 customers from Louisiana, Mississippi and Arkansas without electricity. Total restoration costs for the repair and/or replacement of the electrical facilities in areas with damage from Hurricane Isaac are estimated to be in the range of $400 million to $500 million.
General Electric Company(NYSE:GE) shares fell 0.36% to $21.97 in pre-market hour. The company has embarked on an 18-month project with the National Aeronautics and Space Administration (NASA) to help bring NextGen air traffic management (ATM) technology into “The Cloud.”
Additionally, the company said it will open a research center in Berlin to access university graduates and be closer to political decision makers in the backyard of competitor Siemens AG.