Intel Corporation (NASDAQ:INTC) is stepping up its solid state drive development using datacenter applications along with the development of High Endurance Technology, say sources from end-side players to DigiTimes, who also remarked that the datacenters could emerge as the new battlefield for SSD players after the ultrabook market.
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JPMorgan Chase & Co. (NYSE:JPM) has divulged in its revised 10-Q that on Wednesday, it was informed by the Office of the Comptroller of the Currency and the Federal Reserve Bank of New York that they had decided that the Firm and JPMorgan Chase Bank, N.A. should modify their respective Basel I risk weighted assets at March 31st. The decision is regarding an adjustment to the Firm’s regulatory capital ratios to reflect regulatory guidance concerning a limited number of market risk models that are utilized for certain positions held by the Firm during the first quarter, including the CIO synthetic credit portfolio. However, the Firm says that as a result of portfolio management actions and enhancements, it will be making to certain of its market risk models and these adjustments will be significantly decreased by the end of the current year. Further, because of the banking regulators’ ruling, the Firm’s consolidated Basel I Tier 1 common ratio, Basel I Tier 1 capital ratio, and Basel I total capital ratio have been revised to 9.8 percent, 11.9 percent, and 14.9 percent respectively.
Microsoft Corporation (NASDAQ:MSFT) is cooperating with New York City Mayor Michael R. Bloomberg and Police Commissioner Raymond W. Kelly to develop the Domain Awareness System which is designed to provide the cutting edge of crime prevention and counter-terrorism tech capabilities to worldwide law enforcement, public safety and intelligence agencies and others. The NYPD teamed with Microsoft to develop the system which compiles and analyzes public safety data in real time, allowing NYPD investigators and analysts a comprehensive view of potential threats and criminal activity.
AT&T, Inc. (NYSE:T): Shares of Sprint Nextel Corporation (NYSE:S) move up subsequent to the disclosure in a regulatory filing Wednesday afternoon that the company’s President of Strategic Planning and Initiatives, Keith Cowan, would leave his post effective September 30th. According to The Wall Street Journal, Cowan is Sprint’s lead mergers and acquisitions executiv and Cowan’s exit ignites chatter on the Street that Sprint might expect to merge with or purchase Deutsche Telekom’s (DTEGY) T-Mobile division. Sprint Chief Executive Dan Hesse noted in February that the collapse of the proposed merger between AT&T and T-Mobile allowed T-Mobile’s spectrum to be once again available to his company, and also allowed “many more options for Sprint.”
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