International Business Machines Corporation (NYSE:IBM) introduces the Smarter Energy Research Institute, which consists of a new industrial research collaboration model targeted at stepping up innovation throughout the world energy and utilities market. The first members are a trio including DTE Energy Company (NYSE:DTE) of the United States, Hydro-Quebec in Canada and Alliander in The Netherlands. The Institute is a new collaboration between corporate research and the energy and utilities industry through which to transform leading energy firms by the utilization of system optimization, predictive analytics and advanced computation to provide improved services to their customers.
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Johnson & Johnson (NYSE:JNJ) will host a Medical Devices & Diagnostics business review for the investment community commencing at 8:30 a.m.Eastern Time on Thursday, November 1st at the Hyatt Regency Hotel in New Brunswick, New Jersey. Featured in the program will be presentations by Johnson & Johnson’s senior management, representing the firm’s Medical Devices & Diagnostics segments. Vice President of Finance and Chief Financial Officer Dominic Caruso will open the meeting.
JPMorgan Chase & Co. (NYSE:JPM): The special inspector-general for the Troubled Asset Relief Program is of the opinion that the United States Treasury Department and Federal Reserve should cease the use of the benchmark interest rate Libor in financial rescue programs because it could be unreliable, placing taxpayer dollars at risk. It is recommended that the Treasury and the Fed modify some initiatives to ensure that participating domestic firms instead utilize alternatives to the London inter-bank offered rate when pricing billions of dollars worth of loans, according to Reuters.
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