Bank of America Corporation (NYSE:BAC): A number of bond traders speculate that domestic mortgage interest rates could fall even more, as the Federal Reserve increases its purchases of new mortgage bonds, according to The Financial Times.
Cisco Systems (NASDAQ:CSCO) could see its partnership with VMware (NYSE:VMW), the largest manufacturer of software which allows computers to handle multiple operating systems, change following its $1.26 billion purchase of Nicira Inc. The latter makes software which helps networks run more efficiently, an area in which Cisco is dominant with sales of hardware. VMware Chief Executive Officer Pat Gelsinger said this week that the industry is waiting to see how the move to software-based networking will affect Cisco.
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Chevron Corporation’s (NYSE:CVX) $18 billion legal battle that sets the firm up against indigenous Amazonian Indians has moved into a courtroom in California where the oil major is attempting to force Google, Microsoft and Yahoo to relinquish e-mail accounts used by lawyers for the Ecuadorians. According to CNET, on Friday, Google requested that a California federal court to reject Chevron’s request for immediate disclosure, contending that it’s “simply unreasonable to demand that Google collect, review, and produce this volume of information in less than 30 days,” prompting Chevron to agree to more time.
The Walt Disney Company (NYSE:DIS) is implementing a new policy of consuming less paper from environmentally threatened areas. This concession comes a year after the company was targeted by environmental protesters.