Cisco and Facebook See China Catalyst and 3 High Demand Spotlight Stocks
Research In Motion Limited (NASDAQ:RIMM): According to the Wall Street Journal, Research In Motion Limited’s Chief Executive Officer Thorsten Heins said he met with CEOs from other companies to discuss the possible licensing of RIM’s BlackBerry10 operating system as part of RIMM’s strategic review, but hasn’t offered specifics on talks or indicated when the strategic process will be completed.
Bank of America Corp (NYSE:BAC): Seeking to unload one of their heaviest burdens from the financial crisis, Bank of America Corp. announced that they would pay $2.43 billion to settle the litigation accusing the bank of deceiving investors in their acquisition of Merrill Lynch. The legal woes from that deal, as well as their purchase of the mortgage lender Countrywide Financial, have prevented Bank of America from turning themselves around.
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Facebook Inc (NASDAQ:FB): Facebook shares increased after the researcher GlobalWebIndex said the social-networking site has seen an eightfold increase in Chinese users since that nation restricted access to the service in 2009. Consumers in China, the world’s largest Internet market, increased from 7.9 million in 2009 to 63.5 million during the second quarter of this year.
General Electric Company (NYSE:GE): According to Reuters, General Electric Company’s Chief Financial Officer Keith Sheri stated at an investor meeting that they expect, in a “reasonable time frame,” to halt the purchase of $7 billion in bank deposits from MetLife (NYSE:MET).
Cisco Systems, Inc. (NASDAQ:CSCO): Cisco Systems, Inc. has officially launched their China Network Operation & Maintenance Center that is located in Tianfu Software Park. Cisco decided to adopt a Build-Operate-Transfer cooperation model (BOT) using the services of the Tianfu Software Park Outsourcing Solution Center, which covers facilities, talent acquisition, payroll and administration management.
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