announced plans to spin off
electronic payment processor PayPal
. The move came as a surprise, as activist-investor Carl Icahn
made headlines earlier this year with a seemingly-failed push to get the online auctioneer
the segment. Why did management decide to pursue this course?
(CAT) shares rose nicely after the heavy equipment manufacturer
and Dow-30 staple reported strong third-quarter earnings
AT and T
one of the nation's largest telecommunications companies, has reported third-quarter results that were on the disappointing side, putting modest pressure on this Dow component.
Industrial conglomerate 3M Company
recently reported good third-quarter results. Revenues came in at $8.1 billion, a 3% improvement from the year-earlier figure. The number was about $100 million lighter than both we and Wall Street
were expecting. Organic growth was positive in all of the company's businesses and in all geographies
The Boeing Company
, the world's largest aerospace/defense
corporation, achieved strong bottom-line results
in the third quarter. Margins widened, as well.
Dow-30 component Coca-Cola
reported lackluster results for the third quarter, with the stock trading notably lower on the news.
Shares of McDonald's Corp.
(MCD) fell slightly after the restaurant operator delivered third-quarter sales that fell short of investors' expectations
Shares of telecom giant and Dow-30 component Verizon Communications
showed little movement even though the company reported second-quarter earnings that missed the mark.
Property/Casualty insurance giant Travelers
reported strong results for the September interim. More specifically, earnings from operations, which excludes capital gains and losses from investments, came in at $2.61, which was a marked increase over the prior year's tally of $2.35.
Shares of United Technologies
(UTX) traded modestly higher
after the company reported solid third-quarter earnings