NVIDIA to SUPPLY Chips to Lenovo and 4 Heavily Traded Shares to Track
Sprint Nextel Corporation (NYSE:S): The trade group Electronic Transactions Association has formed the Mobile Payments Committee, which is develop policy and business strategy for the mobile payments industry, according to a report VentureBeat released yesterday. All four of the major U.S. telecom carriers, along with EBay’s (NASDAQ:EBAY) PayPal, VeriFone (NYSE:PAY), Isis (including a number of major credit card companies) and Google (NASDAQ:GOOG) are among the group’s members, which is to be chaired by a Verizon (NYSE:VZ) executive, the publication added.
NVIDIA Corporation (NASDAQ:NVDA) is to supply chips to Lenovo Group Ltd. (LNVGY, 0992.HK) on a device running Microsoft Corp.’s (NASDAQ:MSFT) Windows RT operating system, according to people familiar with the matter, giving Nvidia another partner in its push into mobile devices. The newest version of Windows, which will be released in October, will be the first to use chips based on the ARM Holdings PLC (ARMH, ARM.LN) architecture, not just those from traditional partners Intel Corp. (NASDAQ:INTC) and Advanced Micro Devices Inc. (NYSE:AMD). Microsoft and system makers have been turning to makers of ARM-based chips, used in most smartphones and tablets, to make inroads against Apple Inc.’s (NASDAQ:AAPL) iPad, which still dominates the market.
Cisco Systems, Inc. (NASDAQ:CSCO) proved to be one of Thursday’s standout stocks as the networking-equipment bellwether’s shares increased over 3 percent after the company got more upbeat assessments from a pair of Wall Street analysts.
Research In Motion Limited (NASDAQ:RIMM): IBM (NYSE:IBM) shows interest in Research In Motion’s enterprise services unit, Bloomberg reports citing sources. IBM made an informal approach about the possible acquisition of the division, which operates a network of secure servers used to support RIM’s BlackBerry devices, the sources added.
Facebook Inc (NASDAQ:FB): The Federal Trade Commission announced that it accepted a final settlement with Facebook resolving charges that Facebook tricked consumers by telling them they were able keep their information on Facebook private, and then repeatedly allowing it to be shared and made public. The settlement forces Facebook to take steps to ensure that it keeps its promises in the future, including by giving consumers clear notice and obtaining their express consent before sharing information beyond their privacy settings, by keeping a comprehensive privacy program to protect consumers’ information, and by obtaining biennial privacy audits from an independent third party, the FTC stated. The Commission vote for the approval of the final order and letters to members of the public who commented on it was 3-1-1 with Commissioner Thomas Rosch dissenting and Commissioner Maureen Ohlhausen not participating.
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