JPMorgan UNIFIES To Serve Customers and 3 Dow Movers to Notice Now
Hewlett-Packard Company (NYSE:HPQ): Microsoft (NASDAQ:MSFT) concluded in its annual report submitted Thursday afternoon, that its new Surface tablet might possibly undermine PC maker support for Windows, as its devices will compete against tablets that they sell, according to a New York Times report.
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International Business Machines Corp. (NYSE:IBM), along with Dell (NASDAQ:DELL) and BDT are the targets of an infringement action brought by Overland Storage (NASDAQ:OVRL), which reports that the United States International Trade Commission has released the public version of the Initial Determination in the said action. This document makes several key findings regarding Overland Storage’s U.S. Patent No. 6,328,766, which concerns the partitioning of media elements as it relates to automated data storage and retrieval systems methods for enabling two computers to store and retrieve data without interfering with each another.
Johnson & Johnson (NYSE:JNJ): Mylan (NASDAQ:MYL) said that its subsidiary Mylan Pharmaceuticals Inc. has won final FDA approval for its Abbreviated New Drug Application for 100 milligram Itraconazole Capsules, which is the generic version of Janssen Pharmaceutical’s Sporanox and is indicated for the treatment of fungal infections that originate in the lungs, blatsomycosis, histoplasmosis, and aspergillosis in patients who are intolerant of or who are refractory to amphotericin B therapy. Itraconazole capsules are also designd for the treatment of fungal infections of the toenails and fingernails in non-immunocompromised patients. Itraconazole Capsules, saw domestic sales of about $60 million for the 12 months ending March 31, 2012, reports IMS Health. Mylan begins shipping this medicine immediately.
JPMorgan Chase & Co. (NYSE:JPM) announced its next steps in the unification of some of its Chase-branded units to better serve consumer customers and to more formally bring in-line two of its J.P. Morgan-branded wholesale franchises for the benefit of corporate and investor clients globally. As part of this integrated approach, the firm is reporting changes in the organization and new and increased responsibilities for a number of its top executives. Frank Bisignano will transition the Mortgage Banking division to Gordon Smith in early 2013 and become co-Chief Operations Officer for the entire company. Todd Maclin and Gordon Smith will jointly head the Chase consumer units. Jes Staley, currently chief executive of the Investment Bank, will become Chairman of J.P. Morgan’s Corporate & Investment Bank, which is a new position, and will also stay on the company’s Operating Committee. Mike Cavanagh, head of TSS, and Daniel Pinto, head of EMEA and Global Fixed Income, will become co-Chief Executives of the Corporate & Investment Bank. Mary Erdoes remains Chief Executive of Asset Management, and Douglas Petno stays head the Commercial Bank. Matt Zames will stay on as head of the Chief Investment Office and Mortgage Capital Markets, and will also take over as co-Chief Operating Officer of the entire company with Frank Bisignano.
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