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FinancialNewsOnline
on Jan 11, 2012
This is what's in the news for Wednesday
January 11, 2012. The Wall Street Journal reports General Motors
(NYSE:GM) said it will know by June if it's Chevrolet Volt electric car
is successful or not and then decide if will reduce production. Reuters
reports Textron (NYSE:TXT) is conducting a strategic review that could
include options such as spinning off parts of the aerospace and defense
conglomerate, sources say. Reuters also reports Dell (NYSE:DELL)
intends to launch its first consumer tablet computer in late 2012.
Reuters also reports New York state's financial regulator is
investigating a number of major banks, including Bank of America
(NYSE:BAC) and Citigroup (NYSE:C), on whether they overcharged customers
on force-place insurance. Finally, Bloomberg reports French drugmaker
Sanofi (NYSE:SNY) is planning “bolt-on” acquisitions of up to $2.6B this
year, says CEO Chris Viehbacher.
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