H-P Gets SOUR and 4 Dow 30 Stocks Riding the Market Wave
General Electric Co. (NYSE:GE): Tech firms such as Cisco (NASDAQ:CSCO), Dell (NASDAQ:DELL), and NetApp (NASDAQ:NTAP), have seen their revenues diminished by weak sales in Europe recently, and now automakers and industrial companies are beginning to warn about the situation as well, according to The New York Times.
Hewlett-Packard Company (NYSE:HPQ) is among the top notebook suppliers, including Lenovo (LNVGY) and Toshiba (TOSBF), who have gone sour regarding shipment growth outlooks after a positive month of May. Digitimes Research implies that it’s increasingly likely that such firms will have to concentrate on competing with costs, including those having to do with operations.
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Intel Corporation (NASDAQ:INTC) and Windows (NASDAQ:MSFT) are both at Computex Taipei, and their presentations differ somewhat, in that Intel is featuring its Windows 8; and Windows concentrating on its ultrabook platform. The latter maintains that it expects to reach mainstream price points by the end of the current year, as economies of scale obtain, says Digitimes.
Johnson & Johnson’s (NYSE:JNJ) Ethicon division, which produces several widely-used transvaginal mesh products, including the Gynecare TVT Secur System and Gynecare Prolift Pelvic Floor Repair System, reports that it’s removing these products from the market, according to law firm Lieff Cabraser Heimann & Bernstein. Sunsequently, the firm will notify physicians and hospitals to choose alternative options for their patients.
JPMorgan Chase & Co. (NYSE:JPM) has selected Paul Compton as deputy chief of operations, according to a Reuters report. Further, a memo to employees advises that Compton will oversee around half of JPM’s global operations, in addition to his responsibilities as Chief Administrative Officer of the firm’s investment bank and chief of its global service center in India,.
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