Microsoft Corporation (NASDAQ:MSFT): Slumping worldwide economic conditions and a marked drop in the feature phone market, causes the forecasts for the global mobile phone market to grow a bit more that 4 percent year-over-year in the current year, which would be the smallest yearly rate since 2009, according to the International Data Corporation. However, Windows Phone 7/Windows Mobile will add market share even with the slow start, and the IDC expects it to be the number 2 operating system with more than a 19 percent share in 2016, providing that Nokia’s (NYSE:NOK) position in emerging markets continues.
United Technologies Corporation’s (NYSE:UTX) former Vice President of Finance of United Technologies Corporation Kenneth S. Parks is joining WESCO (NYSE:WCC) as Vice President and CFO. Parks was VP over UTX’ Fire and Security unit from April 2008 to February 2012, and served as that company’s Director of Investor Relations from 2005 until April 2008. Stephen A. Van Oss, who had the position of Senior Vice President, COO and as interim CFO at WESCO since February 2012, will remain Senior Vice President and COO.
JPMorgan Chase & Company’s (NYSE:JPM) CIO unit that suffered the multi-billion trading losses, is being investigated by examiners with the Office of the Comptroller of the Currency, as to whether the company provided adequate information regarding its trading activities that preceded the disclosure of the losses, according to a Wall Street Journal report.
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3M Co. (NYSE:MMM): Harris & Harris (NASDAQ:TINY), which is a large shareholder in private equity Nanosys, says that the firm and the Optical Systems Division of 3M are reporting the creation of a collaboration to commercialize Nanosys’ Quantum Dot Enhancement Film technology, or ODEF. The latter supplants a similar film that is already found inside LCD backlights, which indicates that the addition of QDEF to manufacturing processes should not necessitate new equipment or process changes for the LCD manufacturer.
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