The following post rounds up the companies making headlines today:
Capital One Financial Corp. (COF), U.S. Bancorp (USB) and BB&T Corp. (BBT) are racing to repay government bailout funds after stress tests showed they wouldn't need additional capital to weather worsening economic conditions. The financial institutions said they would sell shares to repay TARP, and BB&T has also announced a dividend cut. COF shares dropped 11 percent in pre-market trading, USB's 5 percent, BBT's 3 percent.
Intel Corp. (INTC) may face a record fineof more than 1 billion euros ($1.36 billion) as it is accused by the European Union of impeding competition and harming consumer by giving computer sellers rebates to exclude a rival's chips. It will also be ordered to stop the discounts if the EU rules against it. INTC shares declined 1 percent before the bell.