Market News: AT&T Inc (NYSE:T), BP plc (NYSE:BP), Toyota Motor Corporation (NYSE:TM)

Categories: News, Stocks





Several breaking news stories might affect stock prices on Wall Street next week.

The following stocks should see some movement: AT&T Inc (NYSE:T), BP plc (NYSE:BP), Toyota Motor Corporation (NYSE:TM).

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

AT&T Inc (NYSE:T)

AT&T Inc (NYSE:T)

The company said that the recent purchase of Sterling Commerce by IBM is expected to give AT&T (NYSE:T) a pretax gain of $800 million in the third quarter.

The after tax value of the deal shall only be announced when the company reports it third quarter results.

Sterling’s software and services help companies with electronic transfers, such as sending secure documents or the secure transfer of orders.

BP plc (NYSE:BP)

BP plc (NYSE:BP)

An internal investigation by the company over the Deepwater Horizon rig accident has reached the conclusion that engineers misread certain test results.

A person familiar with the report said that according to the report, the misinterpretation of pressure data lead to the disaster and death of 11 workers.

BP plc (NYSE:BP) investigators team, lead by the head of Safety Operations Mark Bly, has compiled a 200 page report on the disaster, and it concludes saying that BP plc (NYSE:BP) was at least partially responsible for the accident.

Toyota Motor Corporation (NYSE:TM)

Toyota Motor Corporation (NYSE:TM)

The largest car maker in the world said that ‘Etios’, a small car for the Indian market, shall be on trial production from September, three months earlier than scheduled.

“Before starting the commercial production in December, we will have two rounds of trial productions. While one will start in September, the next one will be in October,” Shekar, Deputy Managing Director (Commercial), Toyota Motor Corporation (NYSE:TM) Kirlosker said.

We may see more movement when trading continues for AT&T Inc (NYSE:T), BP plc (NYSE:BP) and Toyota Motor Corporation (NYSE:TM).


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