Market News
Intel (INTC)
The lawsuit filed by the Federal Trade Commission against Intel is "overblown" and won't lead to much of anything beyond perhaps a settlement, argues one market analyst following the case.
The FTC's case is multi-faceted, taking on Intel for alleged anticompetitive behavior, but also taking it to task for its x86 licensing terms and practices. The FTC's suit came after Intel had fought and lost similar allegations in Japan, Korea and Europe, the latter hitting Intel with a $1.45 billion fine (Intel is appealing).
Dec 31 · 12:12:00 PM · Source: Internet News
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by Michael Oliveto
IBM (IBM)
IBM plans to hire 500 customer-service employees and train them at its campus in Boulder over the next several years (probably by 2014) in an effort to expand its local call-center outsourcing business.
IBM has been focused on expanding its outsourcing business and thus continues to hire employees. IBM's Boulder campus is a global services hub that handles IT support, data storage and disaster recovery services for other businesses. IBM already has about 2,800 employees at the site.
Dec 31 · 12:10:00 PM · Source: Financial News USA
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by Michael Oliveto
IBM (IBM)
IBM said that its Global Financing unit will provide underwriting services to four providers of technology used to advance electronic record-keeping, clinical software solutions and information management among healthcare organizations and practitioners.
The offer is important because it addresses a high priority on the government’s list of infrastructure projects, namely, the large-scale modernizing of electronic healthcare records, known as EHR, as reflected by the backing of some $20 billion in funding under the American Recovery and Reinvestment Act (ARRA), commonly referred to as the stimulus package.
Dec 31 · 11:59:00 AM · Source: IT Channel Planet
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by Michael Oliveto
HP (HPQ)
HP has applied for a trademark on the Zeen moniker, according to the United States Patent and Trademark Office, and described it as covering a “portable handheld device for receiving and displaying text and images and sound; computer software for use in transmitting and displaying text, images and sound; computer peripherals; computer hardware.”
Over the last few months, the company has quietly been applying for some glitzy-sounding trademarks, the glitziest of which cover mobile computing devices and wireless lifestyles.
Dec 31 · 11:56:00 AM · Source: The New York Times
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by Michael Oliveto
Disney (DIS)
Disney Board of Directors has nominated Sheryl Sandberg, chief operating officer of Facebook Inc., to be a new, independent director, effective upon her election at the company's next annual meeting, which will be held in March 2010.
"Sheryl is an outstanding executive who can add incredible value to what is already a diverse and highly experienced group of directors," said John E. Pepper Jr., Disney's chairman. "She brings great expertise in the online world, considerable international experience and a deep understanding of consumer behavior."
Dec 31 · 11:44:00 AM · Source: San Fernando Valley Business Journal
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by Michael Oliveto
Disney (DIS)
Disney and Chase have partnered to release a new Disney Rewards Visa Debit Card.
The new card will give card carriers similar rewards to the Disney Rewards Chase Credit Card but is instead, linked to a debit account. The rewards include savings at Disney stores, character meet’n’greets and photo opportunities as well as Disney theme park savings.
Dec 31 · 11:37:00 AM · Source: Consumer Loan Wire · Related: JPMORGAN CHASE & CO
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by Michael Oliveto
Chevron (CVX)
Chevron's Cabinda joint venture is spending $2.3 billion over five years to reduce flaring, the burning of natural gas from oil fields, and instead utilize the gas, a top company official said this month.
The disclosure comes as foreign oil companies are increasingly investing to monetize the gas that used to burn in their African fields, driven by higher gas prices and environmentalists' demands.
Dec 31 · 11:32:00 AM · Source: The Wall Street Journal
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by Michael Oliveto
Chevron (CVX)
Chevron will pay $45.5 million to resolve claims that it underpaid natural gas royalties to the US government and Native Americans, the Justice Department announced.
Most of the settlement money will be distributed to federal, state and American Indian accounts affected by the underpayments. More than $12.3 million of the amount will go to the heirs of the whistleblower who filed the lawsuit in Beaumont, TX.
Dec 31 · 11:30:00 AM · Source: San Diego Source
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by Michael Oliveto
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