In the news: Microsoft shows off windows 10, Bank of America takes the lead on chip cards

Wednesday headlines: Microsoft unveiling Windows 10, Bank of America issuing chip-enabled cards, the FAA ordering cockpit displays replaced, Comcast leaving Detroit, and National Oilwell Varco buying back shares.

Microsoft

Software giant Microsoft (MSFT) unveiled an early version of its newest Windows operating system on Tuesday. Called Windows 10, allegedly because it represents a big step forward from the current Windows 8, the new software brings back the start button and some other features of previous versions of Windows, while still keeping some of the mobile-friendly features of Windows 8.

Bank of America

Banking giant Bank of America (BAC) is issuing new chip-enabled debit cards to new customers and as it replaces expired cards. Other banks are likely to follow in Bank of America's footsteps as banks and merchants are trying to improve the security of the payment infrastructure in the U.S.

Honeywell

Airlines will have to replace cockpit displays made by Honeywell (HON) in more than 1,300 Boeing 737 and 77 jets in the next five years after the Federal Aviation Administration ordered the change. At issue is interference from Wi-Fi and cellular devices that can cause the screens to go blank. A spokesman for Honeywell said no issues have been reported in-flight.

Comcast

As part of its plan to shed customers after acquiring Time Warner Cable (TWC), Comcast (CMCSA) plans to leave Detroit and its 2.5 million customers behind. Regulators have said a single company should not control more than 30% of the U.S. pay television market, and Comcast has proposed divesting itself of customers in Midwestern and southern cities in exchange for Time Warner's customers in New York, Los Angeles and other large markets.

National Oilwell Varco

Shares of National Oilwell Varco (NOV) fell after the company announced a plan to spend $3 billion repurchasing shares. Analysts believe the repurchase could be a signal that the company is having trouble finding opportunities to grow, which would explain why shares fell on news that sends many stocks higher.

Bobby Raines

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.

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