Friday, October 29, 2010

Market News: JP Morgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), Toyota Motor Company (NYSE:TM)

More breaking news stories could affect stocks when trading continues later. The following companies should see some movement: JP Morgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), Toyota Motor Company (NYSE:TM). Here is a more detailed look at the news that will affect each company when trading continues. JP Morgan Chase & Co. (NYSE:JPM) J.P. Morgan Chase & Co. (NYSE:JPM) has announced new appointments for Treasury and Security services. On a mission to best serve the demands of valuable clients, J.P. Morgan Chase & Co. (NYSE:JPM) has officially announced new leadership positions in its treasury and security services. The newest appointments include Donald McCree as the CEO of J.P. Morgan Chase & Co. (NYSE:JPM) Treasury Services, Claudia Slacik as the CEO of TSS in Europe, Middle East and Africa, and Tom DuCharme, as previously announced, as the CEO of TSS in the Asia Pacific region. Citigroup Inc. (NYSE:C) Citigroup Inc. (NYSE:C) has bought Israel's 11.69% stake in Discount Bank. The entire 11.69% stake of the Israeli government in Discount Bank has been bought by Citigroup Inc. (NYSE:C) Global Markets Ltd. Discount Bank said yesterday that the deal was worth 832 Million Shekels [$231 Million], and the stake will be distributed to the shares of other institutional investors. The Discount Bank is the third largest bank in Israel in terms of market share. Toyota Motor Company (NYSE:TM) Reports say Toyota Motor Corporation (NYSE:TM) has planned to raise US prices. According to a report appearing in the Yomiuri Shimbun, Toyota Motor Corporation (NYSE:TM) is considering price increases on some of car models bound for the US. The decision is said to be an attempt to counter the impact of stronger yen. In order to prevent negative effects on sales, Toyota Motor Corporation (NYSE:TM) will be increasing the price by only a few percent, said the report. We may see more movement when trading continues for JP Morgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C) and Toyota Motor Company (NYSE:TM).
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