HP Spot Challenged by Lenovo and 3 Dow Movers to Track

General Electric Company’s (NYSE:GE) Chief Financial Officer Keith Sherin has advised an investor meeting at the Crotonville, New York training center that the firm expects to close the acquisition of $7 billion worth of bank deposits from MetLife (NYSE:MET) in a “reasonable timeframe”, according to Reuters.

Hewlett-Packard Company (NYSE:HPQ) may soon be passed up in its position as the number one PC maker in the world by volume by Lenovo Group (LNVGY), which is poised to take the spot. In addition, the latter is said to be getting ready to target Apple (NASDAQ:AAPL) and Samsung (SSNLF) in the Chinese smartphone and tablet markets, says a report in China Daily.

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International Business Machines Corporation (NYSE:IBM) will soon launch a new product that should simplify the manner by which companies manage and analyze large amounts of data, say unnamed sources to All Things D.

Johnson & Johnson’s (NYSE:JNJ) Janssen-Cilag International NV reported that the European Commission has okayed the marketing authorization for Dacogen for the treatment of adult patients 65 and above with newly diagnosed de novo or secondary acute myeloid leukaemia who are not candidates for standard induction chemotherapy. Additionally, Dacogen holds Orphan Drug designation for the treatment of AML.

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