Intel Corporation (NASDAQ:INTC) may not be inside many mobile devices, at least yet, but it may soon be making a huge impact on the way people charge those devices. This week, the chip giant announced that it will team up with IDT for the development of that company’s resonance recharging technology, which should allow users to juice up cell phones, digital cameras, and the like without plugging them into a charging cable. Intel states that the reference chipset that would contain IDT’s technology will be available during the first half of 2013.
Bank of America Corp (NYSE:BAC): Five of the country’s largest lenders have given $10.6 billion in relief beneath a settlement over foreclosure abuses, including lowering struggling homeowners’ mortgage balances by $1.3 billion, according to the Wall Street Journal. These are Bank of America (NYSE:BAC), Wells Fargo & Co. (NYSE:WFC), JPMorgan Chase (NYSE:JPM), Citigroup (NYSE:C) and Ally Financial.
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Nokia Corporation (NYSE:NOK): Clifford Weinstein, who is the Executive VP of Vringo (AMEX:VRNG) stated, “We take this opportunity to update the market on our current litigation and offer some further details on the wireless infrastructure portfolio we recently acquired from Nokia (NYSE:NOK). With respect to the Nokia portfolio, we plan on taking action shortly through licensing and litigation campaigns.” Vringo’s wholly-owned subsidiary I/P Engine’s case against Google (NASDAQ:GOOG), AOL (NYSE:AOL), IAC (NASDAQ:IACI), Target (NYSE:TGT) and Gannett (NYSE:GCI) is should begin a jury trial on October 16th in U.S. District Court in the Eastern District of Virginia, Norfolk Division. Originally, the patents-in-suit were acquired from Lycos, Inc.
Pandora Media Inc (NYSE:P) revealed that it announced yesterday that its Chief Financial Officer, Steven Cakebread, will be leaving the company later in the year. Pandora stated that the departure is not because of a dispute or disagreement with the company. Pandora and Cakebread entered into a transition agreement on August 29, under which Cakebread has agreed to stay with the company through December 2012 if needed to ensure an orderly transition as the company continues to search for a new Chief Financial Officer
Sprint Nextel Corporation (NYSE:S) on Wednesday began the service of its 4G LTE high-speed data network to consumers who are currently residing in Sedalia, Mo., Baltimore, Md., Manhattan/Junction City, Kan., and Gainesville, Ga. Furthermore, the company has already begun its 3G service in Boston, Baltimore and Washington, D.C where the users are getting benefit by remarkably clear signals provided by 3G with enhanced in-building coverage and low percentage of blocked or dropped calls.
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