Early Market News: Ford Motor Company (NYSE:F), JP Morgan Chase & Co. (NYSE:JPM), IBM (NYSE:IBM)

Categories: Roundups





Here is another collection of breaking news stories which may affect companies as trading continues later.

The following companies should see some movement: Ford Motor Company (NYSE:F), JP Morgan Chase & Co. (NYSE:JPM), IBM (NYSE:IBM).

Here is a more detailed look at the news that will affect each company when trading continues.

Ford Motor Company (NYSE:F)

Ford Motor Company (NYSE:F)

Ford Motor Company (NYSE:F) Credit has planned to close the Henderson office.
The car maker said in an official statement that it will be closing the Henderson office by the end of March. The closing is expected to leave around 200 people jobless.

Margaret Mellott, the spokeswoman at Ford Motor Company (NYSE:F), said that the employees will be given severance packages.

The motor vehicle giant had cut half of its employees at the offers two years back, citing lost revenue and lagging sales in its Jaguar and Land Rover brands as the prime reasons.

JP Morgan Chase & Co. (NYSE:JPM)

JP Morgan Chase & Co. (NYSE:JPM)

J.P. Morgan Chase & Co. (NYSE:JPM) has hired James Woolery as the co-head of North American mergers.
The company announced the arrival of James Woolery, a partner at the law firm Cravath, as part of the management changes in the investment banking group.

According to the statement from J.P. Morgan Chase & Co. (NYSE:JPM),Chris Ventresca, who has co-managed the North American mergers and acquisitions division for the last two years, will be remaining a co-head with Woolery.

IBM (NYSE:IBM)

IBM (NYSE:IBM)

IBM (NYSE:IBM) has announced $1,000 in long-term stock incentives to non-executive workers.
The latest announcement from IBM (NYSE:IBM) came after the company posted its fourth quarter report, which led its shares to a record high.

IBM (NYSE:IBM) Chief Executive Sam Palmisano wrote in a memo to the employees that, “We are continuing to outperform the market and our competitors and to make encouraging progress against our strategic growth initiatives. Our long-term success is the product of the work, innovation and superior execution of more than 400,000 IBMers.”

We could see more movement when trading continues for Ford Motor Company (NYSE:F), JP Morgan Chase & Co. (NYSE:JPM) and IBM (NYSE:IBM).


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