International Business Machines Corp. (NYSE:IBM) has announced an advance in its ability to use light instead of electrical signals as a means to transmit information for future computing. The technology is being called “silicon nanophotonics”, and it enables the integration of different optical components side-by-side with electrical circuits on a single silicon chip via the first time use of sub-100nm semiconductor technology.
Bank of America (NYSE:BAC): Today, the bank committed $20 million in new funding for 13 Community Development Financial Institutions (CDFIs) as a way to provide financing for small businesses and residents that have been affected by Hurricane Sandy. CDFIs are private sector financial institutions able to finance affordable housing, small businesses, community facilities, and economic revitalization programs. The investment is expected to fund CDFIs providing inexpensive loans to small businesses and homeowners, as a means to rebuild efforts in hardest hit areas. To make the loans affordable, Bank of America intends to provide the capital to CDFI participants at a zero percent interest rate, along with defering principal repayments.
Apple Inc. (NASDAQ:AAPL) CEO Tim Cook’s statement in regards to investment in making Mac computers in the U.S. is to likely create nearly 200 jobs if he follows the pattern of companies like Lenovo Group Ltd. and LG Chem Ltd., according to Bloomberg.
Facebook, Inc.’s (NASDAQ:FB) recent developments include the intensified focus on video and partnerships with Nielsen (NYSE:NLSN) and Datalogix, indicating a push to take the ad dollars that previously went to TV, Business Insider reports.
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