Bank of America Corporation (NYSE:BAC): If the economy seems to be weakening further, or if risks increase, policy makers in the Federal Reserve might opt for another round of Operation Twist over resorting an outright asset-purchase program, says Bloomberg. The former option consists of the purchase of longer-term government debt, which is offset by the sale of shorter term debt, in effect keeping the Fed’s balance sheet unchanged from the aspect of magnitude, and at the same time reducing borrowing costs.
Cisco Systems, Inc. (NASDAQ:CSCO) announces that private equity company BlackArrow, which it backs, has been chosen by Time Warner Cable (NYSE:TWC) to power a system-wide deployment of real-time, dynamic ad insertion within on-demand content.
Walt Disney Co. (NYSE:DIS) “The Avengers” is said by the Los Angeles Timnes to be once again poised to win the weekend box office with around $50 million in ticket sales, and will have grossed more than $400 million in the U.S. and Canada alone by Sunday. At the same time, Universal Pictures’ (NASDAQ:CMCSA) “Battleship” is expected to launch with $40 million in ticket sales.
General Electric Co. (NYSE:GE) Vice Chairman John Rice tells Reuters that his company intends to double the number of joint ventures it has in China from the 28 it currently has, in around five years.
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