Schaeffer's Trading Floor Blog

Buzz Stocks: Wal-Mart Stores, Inc., The Boeing Company, AT&T Inc., and Tata Motors Limited (ADR)

Today's stocks to watch in the news include WMT, BA, T, and TTM

by 1/27/2014 8:56 AM
Stocks quoted in this article:

After last week's broad-market sell-off, the major indexes are poised to kick off the week in the green, with futures pointed higher ahead of the open. In company news, here are some stocks to watch today:

  • Wal-Mart Stores, Inc.'s (NYSE:WMT) Sam's Club will lay off roughly 2% of its workforce -- or 2,300 employees -- according to The Wall Street Journal. Salaried assistant managers will make up approximately half of the reductions, while the rest will be hourly workers. (CNBC)

  • The Boeing Company's (NYSE:BA) 767 jet is again coming under scrutiny from the Federal Aviation Administration (FAA) for potential rivet problems that could cause "possible loss of control of the airplane." The issue has actually been addressed repeatedly since 2000, though it has never been cited as the cause of a 767 crash. (CNNMoney)

  • AT&T Inc. (NYSE:T) announced it will not make an offer to purchase Vodafone Group Plc (ADR) (NASDAQ:VOD) -- or a stake of 30% or more of the U.K.-based mobile communications firm -- in the next six months. However, a takeover bid at a later date is possible. (Bloomberg)

  • Tata Motors Limited (ADR) (NYSE:TTM) managing director Karl Slym fell to his death yesterday in what may have been a suicide. Chairman Cyrus Mistry called Slym "a valued colleague who was providing strong leadership at a challenging time for the Indian auto industry." (BBC News)

  • Also, Caterpillar Inc. (NYSE:CAT) reported quarterly earnings. (Reuters)

  • Finally, Daft Punk was the big winner at last night's Grammy Awards, grabbing five prizes -- including album of the year and record of the year. Also receiving multiple awards were Macklemore and Ryan Lewis, and 17-year-old phenom Lorde. (USA Today)

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