Boeing Co. (NYSE:BA): Senator John McCain (R-AZ) wants the revenue gained from closing tax loopholes to be used for blocking sharp cuts to defense spending, but Republican Congressman Dave Camp says that any such proceeds should instead be used to lower taxes, according to The Hill.
Bank of America Corporation (NYSE:BAC) is among the largest banks which are being requested to submit timetables by July 1st, as to how they could be quickly and cleanly ‘liquidated.’ However, FDIC Vice Chairman Thomas Hoenig does not support the use of the so-called living-wills to break them up, according to the Wall Street Journal.
Cisco Systems, Inc. (NASDAQ:CSCO) and Juniper Networks (NYSE:JNPR) are established firms being challenged by startups, who are using computer networking changes that are reshaping the data center. In response, firms such as Cisco and Juniper are being forced to rethink their strategies, says the Wall Street Journal.
General Electric Company’s (NYSE:GE): GE Healthcare is increasing its partnership with ServiceSource (NASDAQ:SREV) in Asia-Pacific to push forward renewal of recurring service contracts for both small and large scale medical equipment. The former will leverage more of the ServiceSource suite of cloud-based applications, plus additional sales experts who span ASEAN and Australia/New Zealand, and work in five different languages.
Hewlett-Packard Company (NYSE:HPQ) has awarded a contract to ADP (NASDAQ:ADP), under which a worldwide payroll and time and labor management system for internal use by the former, will be delivered. Once the new agreement is in place, the new system will consolidate and shrink the number of human resource platforms, systems and vendors it maintains and supports, and at the same time benefit from increased global standardization of payroll practices, processes and procedures across its enterprise. Additionally, the new system will be implemented over a five year period, starting in early 2013, and will leverage ADP’s GlobalView and Enterprise eTIME solutions.
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