Wednesday, November 10, 2010

Early Market News: Ingram Micro (NYSE:IM), Chevron Corp. (NYSE:CVX), Caterpillar Inc. (NYSE:CAT)

Here is another batch of stock briefings which may affect trading on world markets later today. The following companies should see some movement: Ingram Micro (NYSE:IM), Chevron Corp. (NYSE:CVX), Caterpillar Inc. (NYSE:CAT). Here is a more detailed look at the news that will affect each company when trading continues. Ingram Micro (NYSE:IM) Ingram Micro (NYSE:IM) has offered Cloud Enablement Services to their channel partners. Ingram Micro (NYSE:IM) said that they will deliver cloud services to the channel partners with new resources in training, sales and education which will provide both business and technical advantages. Renee Bergeron, the vice-president of Ingram Micro (NYSE:IM)'s managed services and cloud computing said that, "Ingram Micro Cloud is a growth catalyst for the IT industry and will help alleviate the fear and uncertainty many channel partners have around cloud computing. Focused on education, training and sales enablement, Ingram Micro Cloud simplifies cloud computing from all angles and gives channel partners both a technical advantage and a sizable business advantage when it comes to delivering cloud services." Chevron Corp. (NYSE:CVX) Fitch Ratings has indicated that acquisition of Atlas Energy Inc. did not affect Chevron Corporation' (NYSE:CVX) ratings. Under the announced deal terms, Chevron will buy Atlas for a total transaction of $4.3 billion. Acquired assets upon closing will include approximately 850 billion cubic feet of proved natural gas reserves with approximately 80 million cf/d of production. The deal is subject to Atlas shareholder approval, regulatory review, and certain restructuring transactions by Atlas. Caterpillar Inc. (NYSE:CAT) Caterpillar (NYSE:CAT) has announced a new program to offer product financing options to customers in India. Regarding this, Caterpillar India, a subsidiary of Caterpillar (NYSE:CAT)  and Indian Cat dealers GMMCO and TIPL have entered into agreements  with leading banks and finance companies to support the sale of Caterpillar machinery and power systems to customers in India. Kent Adams, Caterpillar vice president with responsibility for Caterpillar Financial Services Corporation said that “We are very pleased to have facilitated Caterpillar India’s alliances with these leading banks and NBFC’s in India.” There will probably be more movement when trading continues for Ingram Micro (NYSE:IM), Chevron Corp. (NYSE:CVX) and Caterpillar Inc. (NYSE:CAT).
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