GE Cleared on Climate Change SCANDAL and 2 Tech Stocks Climb
General Electric (NYSE:GE): In a climbdown of its earlier report that assailed large US companies for obfuscating a public debate regarding climate change, the Union of Concerned Scientists admits it erred while counting GE’s donations to ‘think-tanks.’ The Union said: “We now conclude that GE has only funded think-tanks that support climate science.”
Investing Insights: Wall Street Brief: Apple DENIED, Nokia STUMBLES, Amazon PROGRESSES with Music.
Intel Corporation (NASDAQ:INTC): The company reconfirmed it has no intentions of joining a chip alliance formed by AMD (NYSE:AMD), ARM (NASDAQ:ARMH), and Texas Instruments (NYSE:TXN). INTC shares recently traded at $26.90, down $0.08, or 0.29 percent.
Cisco Systems, Inc. (NASDAQ:CSCO): A Network World report quotes Cisco CEO John Chambers as saying the company should have taken action to discontinue the development of Cius, its business tablet, much earlier than two weeks ago when the decision was finally taken. CSCO shares recently traded at $16.87, up $0.22, or 1.29 percent.
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