Verizon Announces Contest Winner and 3 Dow Movers Buzzing Now

JPMorgan Chase & Co. (NYSE:JPM): Instead of reflecting banks’ borrowing costs as they is supposed to do, a Wall Street Journal analysis indicates that the submissions by banks that are used to figure Libor are typically slow in changing and often do not track the market’s view of the credit risk that each company poses. The results imply that even years subsequent to traders at several banks trying to manipulate Libor, things still are not right with the index which prices approximately $300 trillion of financial contracts.

Microsoft Corporation’s (NASDAQ:MSFT)’s Windows 8 operating system will be run in Nokia Corporation’s (NYSE:NOK) new Lumia 820 and 920 devices which will be introduced in November in important European markets, according to the Wall Street Journal.

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AT&T (NYSE:T) Mississippi’s $100,000 grant to two private schools in the state should give students additional resources through which to succeed. The schools, New Summit School and North New Summit School, are both under the auspices of the private group New Learning Resources School District and received the donation which should help New Learning Resources supply programming to encourage the schools’ 100 students to not drop out.

Verizon Communications’ (NYSE:VZ) Verizon Wireless reported on Friday that Corina Perez of Chicago won the grand prize in its My Fabulous Quince essay contest. The largest number of online and text message votes went to Perez among all of the semi-finalists. She will thus receive a college scholarship, four smartphones and Verizon gift cards along with an all-expenses-paid quinceanera for up to 100 guests which will include a special performance by one of the most acclaimed, award-winning Latin urban artists of all time, Daddy Yankee.

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