Weds News - Citi Sale, Disney Sequel, and CAT Expands

Citigroup-bldg-logo.jpg

Today’s news includes Citi firesale-ing subsidiaries, Disney putting out a sequel for Epic Mickey, and Caterpillar expanding a manufacturing plant in China.

Corporate America Forced to Pay Millions for Health Care Reform (NYSE:T),(NYSE:CAT),(NYSE:AKS)

Health Care Industry

AT&T (NYSE:T) has to cough up $1 billion, Caterpillar Inc (NYSE:CAT) is on the hook for $100 million and AK Steel Corp. (NYSE:AKS) will be hit with $31 million in charges.  Part of the new healthcare law places a federal income tax on government subsidies given to companies that provide retirees and their spouses with drug benefit plans. The 28% subsidy was created as Medicare Part D, adding a prescription plan for senior citizens to the Medicare Act of 2003.

Price+Volume: UPS, Plains Exploration & Caterpillar (NYSE:UPS),(NYSE:PXP),(NYSE:CAT)

Investing Ideas (5)

Today’s stocks making significant gains of heavy volume include United Parcel Service, Inc. (NYSE:UPS), Plains Exploration & Production Company (NYSE:PXP) and Caterpillar Inc. (NYSE:CAT).

Big Upgrade for Caterpillar

Caterpiller

Caterpillar (NYSE:CAT) shares went on a tear today, finishing the day up 7.8% after BofA blessed the company with an upgrade.

Will Cat Cut It?

Caterpiller

Will Caterpiller (NYSE:CAT)  cut its dividend?

Caterpillar: A Buy on Further Weakness?

Caterpiller

I think the market will continue to correct. But while several indicators and charts for Caterpillar (CAT) and the market are flashing warning signals, the charts aren’t definitely saying sell, yet. Longer-term, the options markets and at least one analyst seem to be bullish on CAT.

Caterpillar on the move, shares up 12% in the last month

Caterpiller

Caterpillar Inc. (NYSE:CAT) may have seen a bottom at $21.71 back in March, the stock has been steadily gaining since that time and today's sales numbers for excavators is fuel to the fire to keep the rally alive.

Caterpillar Posts a Q1 Loss, the 1st in 16 Years

Caterpiller

Caterpillar Inc. (NYSE:CAT) reported a Q1 2009 loss of 19 Cents, but that number could have been 39 Cents had it not been for some advantageous accounting.

Caterpillar hit new 52-week low Today

Caterpiller

During today's trading Caterpillar Inc. (NYSE:CAT) shares hit a new 52-week low before coming back 20 cents to settle at $27.02.

When will the U.S. Unemployment Slow Down?

Unemployment

Unemployment in the U.S. is at a record high, benefits rose to 4.776 million in the week ended Jan. 17, the highest since record-keeping started in 1967.

Syndicate content

WallStNation.comThanks for visiting WallStNation.com, to assist your investing research try using our Search (click to access) or review the list of Tickers (click to access) that link directly to articles related to the given stock/security.

To Browse our Most Recent Stories (click here)


Share WallStNation.com Content

Share this article with others, WallStNation.com is the Independent Wall Street Newspaper. Thanks for Reading!

Daily Market Summary




Please Review the WallStNation.com Disclaimer and remember that information provided by our site is at the investor's sole financial risk. Please Review for more Details