HP Announces NEW Models and 3 HOT Dow Movers
Hewlett-Packard Company (NYSE:HPQ) unveiled three consumer notebooks containing multitouch displays, among which include a uniquely designed hybrid PC that allows users more choices in how they access information. The HP ENVY x2 is a powerful and ultrathin hybrid PC that boasts the advantages of two devices within one, in that it’s a notebook that doubles as a tablet. The HP SpectreXT TouchSmart Ultrabook and HP ENVY TouchSmart Ultrabook 4 allow the intuitive power of touch to come to ultramobile PCs. These notebook PCs mark the first Hewlett-Packard products announced with Microsoft Corporation (NASDAQ:MSFT) Windows 8, with additional notebooks, desktops and tablets will be launched later this year.
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Johnson & Johnson’s (NYSE:JNJ) Janssen Pharamaceutical Company’s Janssen Biotech, Inc. division will partner with Genmab A/S in a worldwide license and development arrangement for daratumumab, a human CD38 monoclonal antibody. Daratumumab is currently being developed for multiple myeloma and could have potential in other cancer indications such as acute myeloid leukemia. Through the terms, Genmab will grant Janssen an exclusive global license for the development and commercialization of daratumumab along with a backup human CD38 antibody, and will receive an upfront license fee of $55 million. Johnson & Johnson Development Corporation will invest around $80 million to subscribe for 5.4 million new shares of Genmab at a price of Danish krone 88 per share. Genmab’s closing share price on August 29th was Danish krone 67.85. Janssen will be fully accountable for all costs incurred with developing and commercializing daratumumab going forward, which will include the costs of two ongoing Phase I/II studies.
JPMorgan Chase & Co. (NYSE:JPM) fallout from its “London Whale” debacle caused mutual find managers to divest the shares, and in one sense had the lowest weighting of the stock in their portfolios in at least seven years, according to analysts at Bernstein Research, says Reuters.
McDonald’s Corp. (NYSE:MCD), along with Chipolte Mexican Grill (NYSE:CMG), Starbucks Corporation (NASDAQ:SBUX), and other restaurant chains are now concentrating more on efficiency, arising from new tech or improved worker scheduling, to allow customers to move more rapidly through the lines and thus generate more sales during their busiest hours, according to the Wall Street Journal. The moves are in response to the slower economy.
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