Citigroup Inc. (NYSE:C): The traders being investigated for possible Libor manipulation will not likely face criminal charges, but the firms may face record fines by the end of the year. The firms being investigated by regulators worldwide are RBS (NYSE:RBS), Citigroup (NYSE:C), UBS (NYSE:UBS) and Deutsche Bank (NYSE:DB).
Ford Motor Company (NYSE:F): According to Ford CEO Alan Mulally, the company is still attracted to India in a “tremendous market long term,” but Detroit News reports that slowing growth is a concern. Mulally adds that Ford intends to launch eight vehicles in India by 2015, creating as many as 5,000 direct jobs.
General Electric Company (NYSE:GE): GE Marine, a unit of GE Transportation, has announced that the Panama Canal Authority has commissioned orders for 28 of GE’s Model 8L250 Marine engines which will power 14 new tug boats.
Microsoft Corporation (NASDAQ:MSFT): After Microsoft’s dispute with Motorola Mobility (NASDAQ:GOOG), congressmen call for the ITC to not ban the Xbox 360. Microsoft has also launched a new app which allows Xbox users to rent or download Paramount movies. Microsoft has also gotten its hands on a patent which covers the Kinect technology allowing users to send ads to users via emotion detection.
Cisco Systems (NASDAQ:CSCO): At Cisco Live 2012 this week in San Diego, the company announced that the Cisco Open Network Environment (a.k.a. Cisco ONE) is being touted to assist enterprise customers with navigation through “the next wave of business innovation,” consisting of the cloud, mobility, social networking, and video. Investors are excited about the all-in-ONE future for Cisco’s success of product.
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