Hewlett-Packard Company (NYSE:HPQ) Enterprise Services said that Softbank Mobile Corporation is utilizing a Hewlett-Packard online storefront solution through which to offer its more than 29 million customers in Japan a quick, easy way to shop for, download and manage both wireless services and entertainment content.
JPMorgan Chase & Co. (NYSE:JPM) reports that Treasuries are ahead of all other U.S. fixed-income securities for the first time in three quarters, as investors worldwide search for the safest assets, according to a Bloomberg report.
Microsoft Corporation (NASDAQ:MSFT) executives were taken aback by Apple’s (NASDAQ:AAPL) ‘aggressive’ efforts to secure innovative materials for the iPad and then corner the market on those supplies, says the New York Times, whose reporters checked the matter with former Hewlett Packard and Microsoft executives involved with the Slate project, who also related how the device faced major design and software problems, as it was developed after CEO Steven Ballmer announced the product.
Pfizer Inc. (NYSE:PFE) and Bristol-Myers Squibb (NYSE:BMY) reported that the FDA has provided a Complete Response Letter concerning the New Drug Application for Eliquis, for the prevention of stroke and systemic embolism in patients suffering from nonvalvular atrial fibrillation. The firms say that they will closely cooperate with the agency on the appropriate next steps for the Eliquis application, and that no new studies have been requested. However, the Letter did ask for additional information on data management and verification from the Arisotle trial. Additionally, the firms continue to progress the Eliquis application in markets outside of the United States, including the European Union and Japan, based on the Aristotle and Averroes studies.
Wal-Mart Stores Inc. (NYSE:WMT): Walmart Canada will open 47 hiring centers across the nation in support of the it’s unprecedented growth plans and the employment of new talent. Also, by January 31, 2013, the firm expects to finish a minimum of 73 projects, that include the construction of new stores and expanding, remodeling or relocating current ones. The projects include most of the 39 former Zellers stores, for which Walmart Canada acquired leasehold rights in June 2011 and which will be reopened as Walmart stores in the current fiscal year.
Exxon Mobil Corporation’s (NYSE:XOM) affiliates and Saudi Basic Industries Corporation reported they will build a global-scale specialty elastomers facility at the Al-Jubail Petrochemical Company manufacturing joint venture, which will be joined with the existing Jubail complex and should be completed in 2015. Some 400,000 tons of rubber will be produced at the facility annually, including halobutyl, styrene butadiene, polybutadiene, and ethylene propylene diene monomer (EPDM) rubbers; plus thermoplastic specialty polymers, and carbon black which will serve local markets, the Middle East and Asia.
International Business Machines Corp. (NYSE:IBM) signs a license agreement with GigOptix (GIG) to leverage it’s silicon germanium millimeterwave transceiver tech with GigOptix’s expanding E-band wireless solutions portfolio, which includes its recently released advanced E-band power amplifier. It’s now thought that Internet traffic from mobile devices will outweigh traffic from wired devices by 2016.
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Intel Corporation (NASDAQ:INTC): Hewlett-Packard (NYSE:HPQ) reports that three of the world’s market-leading providers of wireless and wireline communications – Verizon (NYSE:VZ), Vodafone (NASDAQ:VOD) and Mobile TeleSystems OJSC – have agreed to new tech arrangements for the provision and delivery of industry standard servers. Under the three-year contracts, HP will supply HP ProLiant servers based on the newest Intel processors, enabling Verizon, Vodafone and MTS to offer new services to their subscribers, who number more than 490 million.
JPMorgan Chase & Co. (NYSE:JPM) is among the largest banks that are being asked to submit plans by July 1st for how they can be quickly and cleanly liquidated However, Thomas Hoenig, vice chairman of the FDIC, says he doesn’t support the use of the so-called living-will process to break them up, according to the Wall Street Journal.
McDonald’s Corp. (NYSE:MCD): Huang Haizhou, the chief strategist of major Chinese bank China International Capital Corporation, says that China is “very likely” to cut its interest rates again in August, according to Xinhuanet.
Microsoft Corporation (NASDAQ:MSFT) Windows 8 might be released as early as July, says Russian Windows blogger “Wzor”, which runs counter to evidence that the company plans an October release, according to PC World.
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.
Intel Corporation (NASDAQ:INTC): Potentially high production costs could pose difficulties for ultrabook publishers wishing to price second-generation ultrabooks under $799, say Taiwan supply chain sources to Digitimes.
McDonald’s Corporation’s (NYSE:MCD) outgoing CEO Jim Skinner, in his final CNBC interview prior to his retirement, commented that he is ‘prepared to move forward into the future’.
Merck & Co. Inc. (NYSE:MRK): On Tuesday the United States Senate passed a bill that will for the first time mandate that generic drug firms contribute to the cost of running the FDA by paying fees, says The Washington Post. The bill is now ready go to President Obama’s desk for his signature
Microsoft Corporation’s (NASDAQ:MSFT) headquarters in Athens was the target of an attack early Wednesday morning, according to an Associated Press report. No injuries were reported, but a van was driven through the front doors which set off an incendiary device within it that burned the building entrance.
Wal-Mart Stores Inc. (NYSE:WMT) is behind its competitors in opening in healthcare clinics in thousands of its stores, as was promised five years ago. The retailing giant does currently have 149 of the clinics in the U.S., but 33 have been closed so far in 2012 due to increased selectivity regarding the doctors and hospital chains it permits on its premises. In the meantime Walgreen Co. (NYSE:WAG) and CVS Caremark (NYSE:CVS) are launching hundreds of clinics, which are pulling in many more customers. WalMart’s president of health and wellness John Agwunobi comments, “By any account, clinics are still a pilot. We continue to watch and tweak, and we’re candidly evolving and innovating to see where to go.”.
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Boeing Co.’s (NYSE:BA) brand new 787 Dreamliner has touched down at Philadelphia International Airport for its first visit to that city. On Wednesday, local officials, suppliers, media and Boeing employees are welcome to inspect the airplane’s several passenger-friendly features.
Chevron Corp. (NYSE:CVX): Several energy analysts anticipate that the United States will reduce by 50 percent its reliance on Middle Eastern oil by the end of the current decade and might possibly it by 2035, as demand slows, and also due to quick expansion of new petroleum sources in the Western Hemisphere.
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General Electric Co. (NYSE:GE) and water tech developer memsys clearwater Pte. Ltd. (based in both Singapore and Germany) have reached an arrangement to partnering the development of membrane distillation technology for the fast-growing unconventional resources marketplace, among which shale gas, coal seam gas and other unconventional fuels recovered by hydraulic fracturing are parts. Within the deal, GE will invest in testing the technology and in return obtain an exclusive license for the use of the tech in these applications.
Hewlett-Packard Company (NYSE:HPQ) reports that HP 3PAR Storage, which is a core component of the HP Converged Infrastructure strategy, has been chosen by Lifescript, a publisher dedicated to informing women regarding family health matters. The HP division will support growing storage capacity demands and analytic-based decision making, designed to improve the customer experience.
International Business Machines Corp. (NYSE:IBM) and the Davao City Government (in the Phillippines) reached an agreement on Wednesday, in which they will jointly assist that city update its current Public Safety and Security Command Center, or PSSCC, by combining city operations into a unified system, which will be upgraded with advanced technologies to further improve public safety operations in the city. The partnering with IBM will enhance the City’s goal of emerging as the number one socio-economic and tourism center in Mindanao and throughout East ASEAN as well as the Asia-Pacific region. Using IBM’s Intelligent Operations Center, the PSSCC will obtain a centralized dashboard view which will enable Davao City to oversee events and operations in real time.
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JPMorgan Chase & Co. (NYSE:JPM): New rules might be coming to correct dangers concealed in reverse mortgages, warns the Consumer Financial Protection Bureau, according to the Wall Street Journal. These mortgages comprise an industry valued at $90 billion; the loans make it possible for cash-needy seniors to borrow against the equity in their homes.
Pfizer Inc. (NYSE:PFE): Drug firms shopping for a new acquisition might well inspect Shire Plc (NASDAQ:SHPGY), says Bloomberg, as that company’s valuation is at its cheapest relative to earnings in nearly six years, at 6.8 times profit this week, which is the lowest since October 2006. Shares of Shire are trading for approximately 30 percent less than the median for comparable specialty drugmakers, according to data; the company is currently valued at $15.9 billion.
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AT&T, Inc. (NYSE:T)’s U-verse TV contract with AMC Networks (AMCX) for channels that include AMC, IFC and WE tv, expires at 11:59 p.m. EST on June 30. The parent company has issued the following statement: “We are making every effort to reach a fair agreement and continue providing these channels to our customers. Frankly, we’re disappointed AMC Networks has decided to take its negotiations public, instead of working with us in good faith, especially since we’re still actively in negotiations. We’ve been in ongoing negotiations to renew this agreement, but AMC Networks is seeking an excessive rate increase in our overall fees for the right to deliver these channels. AMC Networks is asking that AT&T pay nearly double what we believe other competitors pay including a smaller-sized competitor. We believe the rates they are seeking are disproportionate compared to the viewership we see across their channels.We don’t think that’s reasonable, especially in these economic times, and we will continue to work toward a fair deal.”.
Verizon Communications Inc. (NYSE:VZ): Samsung Electronics (SSNLF) experiences new difficulties, in the form of shipment delays of its new Galaxy S III smartphone domestically, and hard edged competition in the lower price smartphone market in China, says a Wall Street Journal report. Only two months ago, Samsung posted record profits in its first quarter.
Exxon Mobil Corp. (NYSE:XOM) has sent a letter of intent to North Atlantic Drilling, concerning the assignment of the harsh environment semi-submersible drilling unit West Alpha. This contract extension entails a concrete period of two years, with an estimated revenue of $410 million. The startt of operations under the contract extension should occur in the third quarter of 2014, in a direct continuation of the next assignment for West Alpha on the Balder field. In response, West Alpha has secured firm contracts that will keep the rig online until the third quarter of 2016. Seadrill (NYSE:SDRL) possesses a 74 percent ownership interest in North Atlantic Drilling Ltd.
General Electric (NYSE:GE) GE Capital, Franchise Finance recently granted a $6.7 million credit facility to Pizzerias, a Papa John’s franchisee that operates 31 Papa John’s locations in the Miami market. Proceeds will being used to refinance existing debt; a part of the funding was provided through GE Capital’s bank affiliate, GE Capital Bank. Shares of GE closed higher on Thursday at $20.20 per share.
Boeing Company’s (NYSE:BA) Boeing Space & Intelligence Systems is taking delivery of Aerojet’s 100th R-4D-15 High Performance Apogee Thruster, in a ceremony Thursday at Aerojet’s Redmond production facility. This event specially marks the milestone delivery and the R-4D record of 100 percent mission success throughout five decades of service, as well.
Caterpillar Inc. (NYSE:CAT): Congressional Democrats and Republicans in both houses have reached an agreement in which a bill will be passed that would prevent the interest rate on student loans from doubling on July 1, and also to extend federal transportation funding, which had been due to expire on the same date, according to anonymous staffers and members of Congress to The Hill. Sen. James Inhoff (R-OK) says that details of the deal will emerge Thursday night.
Chevron Corp. (NYSE:CVX) is being sued again by villagers who live in the rainforest of Ecuador, in an effort to force the company to pay for cleaning up a disaster that decimated indigenous groups, and caused an outbreak of cancer and other oil-related illnesses that have killed, or have the potential to kill thousands of men, women, and children, according to various court findings in Ecuador. The inhabitants has already won a judgment against the oil giant for causing massive environmental and health damage; the new action is aimed at seizing CVX’ assets in Brazil , in order to raise funds to remove cancer-causing toxins and oil sludge from their ancestral homelands. Chevron has refused to comply with an $18 billion judgment in Ecuador, which was affirmed on appeal, so Wednesday’s move by the villagers is the second filing to force the company to pay for the clean-up. Residents in Brazil are in cooperation with the suit, and are requesting that their country’s highest civil court recognize the Ecuadorian judgment so seizure actions may go forward.
International Business Machines Corp. (NYSE:IBM) tech has been licensed by United Microelectronics, for the purpose of expediting the development of the foundry’s next generation 20nm CMOS process with FinFET 3D transistors. Under the arrangement, IBM will license its 20nm process design kit and FinFET technology to UMC, so that the foundry can employ these technologies so as to accelerate the availability of these processes for UMC customers. This agreement between UMC and IBM is only inclusive of IBM’s 20nm CMOS and FinFET. Implementation will take place at the company’s Tainan, Taiwan research and development site.
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JPMorgan Chase & Co. (NYSE:JPM) shares fell following a report released by the New York Times Thursday, in which it was said that the loss sustained in May might have been far larger than first reported.
3M Company’s (NYSE:MMM) 3M Unitek and 3M Deutschland GmbH have served Guangzhou Riton Biomaterial with a lawsuit which alleges infringement of 3M’s patent related to lingual orthodontic braces. The plaintiffs are alleging infringement against Riton’s e-Brace lingual bracket system and asking that the court enjoin Riton from infringing its patent and award damages. 3M is committed to protecting its intellectual property and patent portfolio while it continues to invest in extensive research and new laboratory methods to improve orthodontic solutions for patients.
Microsoft Corporation (NASDAQ:MSFT) is among companies which are pressuring Research In Motion’s (NASDAQ:RIMM) board to think over options such as selling its network business or forming an alliance with Microsoft, after it once again postponed the release of its next-generation smartphone.
AT&T, Inc. (NYSE:T) announces that has appointed Scott T. Ford to its board of directors, and that he will serve on AT&T’s Corporate Development and Finance Committee, and Public Policy and Corporate Reputation Committee. Currently. Mr. Ford is a partner with Westrock Capital Partners, LLC and Westrock Coffee Holdings, LLC and is also a former chief executive officer of Alltel Corporation.
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Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.Alcoa, Inc. (NYSE:AA) says on Friday that it intends to operate the Point Henry aluminium smelter in Australia until mid 2014 at the minimum. The aluminium smelting industry in Australia continues to experience serious economic difficulties, which has put the future of the smelter in jeopardy, and it has been under review since February. In response, the firm says, “We set a challenge to find significant savings. We now need to implement the opportunities identified along with some structural changes that will see workforce reductions of about 10 percent wherever possible these reductions will be voluntary.”
Caterpillar Inc. (NYSE:CAT): The compromise transportation funding legislation is being strongly opposed by two conservative groups in Congress, which is expected to vote on the measure late Friday, says The Hill. The outcome of the long embattled bill is in doubt again, and even provisions that would prevent interest on student loans from doubling starting July 1st are in danger.
Cisco Systems, Inc. (NASDAQ:CSCO) introduces its Cisco Connect Cloud, which provides a software platform which could redefine how consumers interact with connected devices in the home, and also sets up a new environment for the development of third-party applications. The Cloud is designed to work jointly with Cisco’s new line of Linksys Smart Wi-Fi Routers.
Walt Disney Co. (NYSE:DIS): Hulu comments on its blog that, “We have entered into a multi-year agreement with HBO to bring Japanese entertainment fans some of the most compelling American TV programming ever produced. Select HBO shows, including Sex And The City and The Sopranos, will be available to Hulu subscribers in Japan starting today, with additional HBO hit shows such as Entourage and Band of Brothers coming later this year.”.
Hewlett-Packard Company (NYSE:HPQ) reported Friday that an HP Utility Services solution has been chosen by the French automaker Renault S.A., to support the development of innovative new telematics services for its electric cars. Renault is the world’s fourth-largest automotive group and is a top mover in zero emission transportation, thanks in part to its alliance with Nissan.
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