In the news: Goldman under investigation, Walmart expands into medical care and more

By
A A A

Friday headlines include Goldman Sachs being targeted by a Senate investigation, Walmart providing primary medical care, another recall at General Motors, United Technologies stockpiling titanium parts from Russia and China investigating Toyota's Lexus unit.

Goldman Sachs

Financial giants Goldman Sachs ( GS ) and JP Morgan ( JPM )  are targets of an investigation being led by Sen. Carl Levin. Representatives from the banks could appear at a hearing as soon as next month. Among the issues being investigated are whether or not big banks have used their commodity holdings to abuse clients, consumers, the environment or the health of the market.

Walmart

Retail giant Walmart ( WMT ) is joining other retailers such as CVS ( CVS ) in trying to provide more healthcare services to consumers. Walmart has opened five primary care facilities in South Carolina and Texas. The company said the clinics it has opened can address a wider range of medical issues than the operations that it leases to hospital operators in its stores. Walmart is offering a wider range of services that CVS or rivals like Costco ( COST ), which offers eye care.


General Motors

Automaker General Motors (GM) is recalling a group of SUVs to fix switches that operate power windows that can cause fires. According to recently released government documents, is the third time this group of vehicles has been recalled to fix the same issue as previous fixes have proven to be ineffective. The company is telling owners to park vehicles outside as they can reportedly catch fire when left unattended. The company doesn't expect parts to fix the 189,000 vehicles to be ready intul October.

United Technologies

Aircraft-makers like United Technologies (UTX) and Boeing (BA) have been stockpiling titanium parts that they obtain from suppliers in Russia in case the supply is disrupted by the increasing tensions between Russia and the west.

Toyota Motors

Japanese automaker Toyota (TM) said Friday that regulators in China are investigating its Lexus unit for possible violations of the company's anti-monopoly laws. Toyota said it is fully cooperating with the investigation. China has recently been ramping up investigations of foreign luxury automakers.


This article was originally published on MarketIntelligeneCenter.com



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , commodities

Referenced Stocks: GS , JPM , WMT , CVS , COST

Market Intelligence Center

Market Intelligence Center

More from Market Intelligence Center:

Related Videos

Stocks

Referenced

Most Active by Volume

45,543,019
  • $16.75 ▲ 0.12%
44,349,390
  • $132.54 ▲ 0.88%
32,695,176
  • $3.01 ▲ 19.92%
28,073,679
  • $34.76 ▲ 2.75%
27,339,999
  • $9.15 ▼ 3.58%
26,142,754
  • $34.71 ▼ 1.03%
25,357,890
  • $46.90 ▼ 1.10%
24,562,443
  • $15.27 ▼ 1.55%
As of 5/22/2015, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com