Intel, GE, Toyota, Zynga Generating Trader Demand Mar. 5th
Intel Corp (NASDAQ:INTC): Intel is expected to release its Ivy Bridge processors at the end of April, reports DigiTimes. According to sources from notebook players, the company has postponed the launch by only a few weeks and production is on schedule.
General Electric Company (NYSE:GE): GE Transportation and PT Kereta Api Indonesia have signed a Memorandum of Understanding to form a Locomotive Service Alliance and Joint Operations. The MOU creates a framework by which GE Transportation and PTKAI will create a Locomotive Service Center for the ASEAN region whose members include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.
Toyota (NYSE:TM): Toyota will transfer 100 more employees to China from Japan to speed up decision making in development and production, reports Nikkei. The company plans to send 20-30 people this spring, and could reach 700 in expatriates living in China.
Zynga (NASDAQ:ZNGA): JPMorgan downgraded Zynga with a $15 price target citing valuation.
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