Early Market News: General Electric Co. (NYSE:GE), Wells Fargo (NYSE:WFC), Exxon Mobil Corp. (NYSE:XOM)

Here are several more stock briefings which could affect stocks in trading later today. The following companies should see some movement: General Electric Co. (NYSE:GE), Wells Fargo (NYSE:WFC), Exxon Mobil Corp. (NYSE:XOM). Here is a more detailed look at the news that will affect each company when trading continues. General Electric Co. (NYSE:GE) A Financial Times report says that Nidec Corp. had plans to acquire General Electric (NYSE:GE) and Bosch's Motor Businesses. However, Franz Fehrenbach, the chief executive of Bosch in 2008, had rejected the proposal. The reports say that Nidec Corp. Chief Executive Officer Shigenobu Nagamori didn't reach a deal yet about buying GE's motor divisions. Nevertheless, the discussion is going on in between them. It is expected that the acquisition will happen soon. Wells Fargo (NYSE:WFC) Wells Fargo (NYSE:WFC) has started foreclosure reviews for their next action. Wells Fargo (NYSE:WFC) has started its foreclosure review process, with nearly 55,000 properties on the list. A Wells Fargo (NYSE:WFC) spokesman says that the procedural mistakes did not compromise the quality or validity of the consumer loan information, but they fell short of satisfying exacting legal standards. Some of the client came forward with their own complaints against the company, saying they were victimized by the bank.  The New York Times reports says that "It may never be known how many homeowners have legitimate claims against the banks, real estate and banking experts say, because lenders do not release such data and because the vast majority of cases never make it to court." Exxon Mobil Corp. (NYSE:XOM) Exxon Mobile Corporation Mobil Corporation has planned to shut its oil refinery in Japan. Exxon may shut its 156,000 barrel-a-day Sakai plant near Osaka to reduce the production of gasoline by 30 percent, along with other oil companies, to meet government requirements to modernize facilities or reduce output so they can compete more effectively with Asian rivals. Demand for gasoline and other fuels in Japan is forecast to decline by an average of 3.5 percent annually through March 2015 because of a falling population. Expect more movement when trading continues for General Electric Co. (NYSE:GE), Wells Fargo (NYSE:WFC) and Exxon Mobil Corp. (NYSE:XOM).
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