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JPMorgan Chase & Co. (NYSE:JPM): The attorneys general of several states, including Massachusetts, Maryland, New York and Connecticut, are investigating just exactly how much their states might have lost stemming from a lowered Libor. In contrast to cases that have been filed by private sector attorneys, these government officials can bring more widely-ranging lawsuits on behalf of the states, plus the fact that the Justice Department is working with them as it conducts its own investigation, according to The New York Times.
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3M Company (NYSE:MMM) and Avery Dennison Corporation (NYSE:AVY) have released the following statement in response to a news release from the United States Department of Justice regarding 3M’s proposed purchase of Avery Dennison’s Office and Consumer Products business: “3M and Avery Dennison have not terminated the purchase agreement governing the transaction. In light of concerns about the transaction raised by the DOJ, the companies have voluntarily withdrawn the notification and report forms filed under the Hart-Scott-Rodino Act. The companies continue to believe the transaction would benefit customers and consumers. 3M and Avery Dennison are committed to working together to explore options to address the DOJ’s concerns, obtain regulatory approval, and complete a transaction between the parties.”
Microsoft Corporation (NASDAQ:MSFT) solutions, jointly with those of Hewlett-Packard Co.(NYSE:HPQ) are the basis of an expansion of the latter’s Converged Cloud portfolio that simplifies and improves every aspect of a client’s private cloud journey. The Hewlett-Packard and Microsoft Joint Private Cloud initiative contains optimized, pre-integrated solutions based on extensive joint tech development, and offers one-stop-shop life cycle sales and support. HP Converged Cloud represents the industry’s first strategy and portfolio based on a single open architecture, and allows the integration of any combination of private, managed and public cloud, along with traditional information technology.
United Technologies Corporation (NYSE:UTX) division Pratt & Whitney Global Service Partners and Metal Technology Co, or MTC, have reached an arrangement to set MTC up as a designated service provider for Pratt & Whitney JT8D engine part repairs. Through the terms, MTC will perform high pressure turbine/low pressure turbine blade and vane repairs for Pratt & Whitney JT8D engines at its Narita facility in Japan.
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