Saturday, December 4, 2010

Early Market News: McDonald’s Corp. (NYSE:MCD), General Dynamics (NYSE:GD), Bank of America Corp. (NYSE:BAC)

More breaking news stories could affect stocks when trading continues later. The following stocks should see some movement: McDonald’s Corp. (NYSE:MCD), General Dynamics (NYSE:GD), Bank of America Corp. (NYSE:BAC). Here is a more detailed look at the news that will affect each company when trading continues. McDonald’s Corp. (NYSE:MCD) McDonalds Corp. (NYSE:MCD) has planned to add fruit and maple oatmeal to its breakfast line-up. By December 3, the world's largest fast-food chain will be adding the oatmeal to more than its 14000 restaurants. According to Nation's Restaurant News, the product was in test since the beginning of the year and it will be available throughout the day. The oatmeal contains half a cup of fruit (apples, dried cranberries and regular and golden raisins) plus a 5 gram of dietary fiber. It will be offered with brown sugar, or without at $1.99. General Dynamics (NYSE:GD) General Dynamics (NYSE:GD) has awarded a contract to Lockheed Martin UK-Ampthill for Scout Turret Development. Under this contract, Lockheed Martin will be providing General Dynamics (NYSE:GD) with three Scout turrets and this will comprise the bulk of the Integration and Test program of the Scout project. Alan McCormick, vice president and managing director of Lockheed Martin U.K- Ampthill said that ""We are proud to deliver the turret to General Dynamics UK and the British Army for the Scout reconnaissance vehicle. The LM team will continue its excellent work on the development of the turret and ensure flawless execution of this vital program." Bank of America Corp. (NYSE:BAC) Bank of America Corporation (NYSE:BAC) has decided to increase loan modification staffing. By this week, 2,500 mortgage origination staffs of Bank of America Corporation (NYSE:BAC) will be reassigned to loan modification duty to give better service for borrowers, seeking help in avoiding foreclosure. Barbara Desoer, chief of Bank of America Corporation (NYSE:BAC) mortgage said, ”We know this goes to the heart of many customer complaints that you have heard. This new “case officer” system so customers need no longer explain their situation to a different employee on every call." Expect more movement when trading continues for McDonald’s Corp. (NYSE:MCD), General Dynamics (NYSE:GD) and Bank of America Corp. (NYSE:BAC).
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