Notable News Buzz & Trend Analysis: Bank of America, The Boeing Company, Cell
Therapeutics Inc, General Electric, Exxon Mobil Corporation
NEW YORK, November 18, 2013
NEW YORK, November 18, 2013 /PRNewswire/ --
Market Buzz Report, a leading penny stock newsletters provider, issues major
news alert for Bank of America Corp(NYSE:BAC), The Boeing Company(NYSE:BA),
Cell Therapeutics Inc(NASDAQ:CTIC), General Electric Company(NYSE:GE), Exxon
A court is due to begin hearing final arguments today over an agreement in
which Bank of America Corp(NYSE:BAC) would pay investors $8.5B to settle
claims that it sold mortgage bonds that didn't meet their promised quality.
Those in favor of the deal include BlackRock (BLK), Pacific Investment
Management Co (PIMCO) and Goldman Sachs (GS), while those against include AIG
(AIG). The latter calls the agreement a "pennies on the dollar" settlement, as
it argues that investor losses exceeded $100B.
Free Urgent Insider Catalyst Report For BAC Available
Here:http://marketbuzzreport.com/index.php?code=BAC (Or Copy and paste the
URL into your browser)
A The Boeing Company(NYSE:BA) 737 has crashed at an airport in the central
Russian city of Kazan, killing all 50 people on board. The Tatarstan Airlines
jet, which was 23 years old, had been trying to abort its landing when it
crashed. The disaster highlights the terrible safety record of Russian
regional carriers. Meanwhile, Japan's All Nippon Airways has had to replace a
main battery charger on one of its 787 aircraft after a possible fault was
discovered during a routine check. While minor glitches aren't uncommon on
planes, any problems with the 787, particularly those with the batteries, have
become especially sensitive given the problems earlier this year.
Free Urgent Insider Catalyst Report For BA Available Here:
http://marketbuzzreport.com/index.php?code=BA (Or Copy and paste the URL
into your browser)
General Electric Company(NYSE:GE): Emirates' deal for 150 Boeing 777X
twin-engine jets translates to a record commercial jet engine award for
General Electric (GE).The airline will acquire 300 GE9X engines, in a deal
worth in excess of $11B at list. In addition, Etihad's order of 56 Boeing
wide-bodies works out to $3B in additional orders for GE engines, including
the GE9X, the GEnx-1B, and the GE90-115B. The OnPoint solution agreements the
company inked with Etihad are worth an extra $8B.Finally, Qatar's order for 50
777Xs means another $3.8B in GE9X engines.
Free Urgent Insider Catalyst Report For GE Available Here:
http://marketbuzzreport.com/index.php?code=GE (Or Copy and paste the URL
into your browser)
Cell Therapeutics Inc(NASDAQ:CTIC) expects to spend $96M through mid-2017 on
the development and commercialization of its Pacritinib treatment for
myelofibrosis and acute myeloid leukemia. Cell Therapeutics expects to receive
$67M from Baxter (BAX) in milestones until 2015 as part of a licensing
agreement for Pacritinib, with further payments possible after that. Cell
Therapeutics is also receiving a $60M upfront payment from Baxter. Cell
Therapeutics reckons that it should receive enough money to avoid have to
raise more equity financing. Cell Therapeutics and Baxter have been boosted by
the failure of Sanofi's (SNY) Fedratinib treatment for myelofibrosis. Incyte
(INCY) also develops a treatment for the rare bone-marrow cancer.
Free Urgent Insider Catalyst Report For CTIC Available Here:
http://marketbuzzreport.com/index.php?code=CTIC (Or Copy and paste the URL
into your browser)
Warren Buffet's Berkshire Hathaway has stated that it has a stake in Exxon
Mobil Corporation(NYSE:XOM) and this is the largest new holding since IBM in
Berkshire had 40.1 million shares of Exxon by September end as the world's
biggest oil firm's market value surged by 2.2 percent to $95.27. This means
that the holding may be worth $3.8 billion.
Berkshire had had a great run in the year with the stock picks of the firm
increasing along with broader markets.
According to University of Maryland's professor, David Kass, the Exxon Mobil
Corporation(NYSE:XOM ) stock is undervalued. He added that Buffet knows the
firm properly. Exxon has augmented by 7.7 percent in the year.
Free Urgent Insider Catalyst Report For XOM Available Here:
http://marketbuzzreport.com/index.php?code=XOM (Or Copy and paste the URL
into your browser)
Exxon, was began over a century back, is one of the most efficient major
international energy producers. Exxon strengthened oil and natural-gas
production by 1.5 percent during quarter three which saw its net income at
$7.87 billion with rise in crude prices.
Buffett has had both great success as well as blunders by betting on energy
companies. He made profits in 2007 by selling PetroChina Co. stocks and made a
huge profit for the stock he bought in 2003.
In 2009, Berkshire came out with the worst quarterly loss in about two decades
and this made the firm cut stake in ConocoPhillips by 44 percent. It had also
reduced holding in London-based drugmaker GlaxoSmithKline Plc by 77 percent.
Buffett had confirmed spending of $10 billion for buying shares of IBM. He is
of the view that investments in computer-services company, Coca-Cola Co,
American Express and Wells Fargo were the big ones.
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