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Advanced Micro Devices, Inc. (NYSE:AMD) launched its first new products resulting from its SeaMicro acquisition previously in the year. These products include a server that has the ability to be be linked to a large, 5-petabyte storage cluster intended to run large-scale big data and cloud computing applications.
Sprint Nextel Corporation (NYSE:S): Today, Apple announced its iPhone 5 that includes a new design, a 4-inch display and 4G LTE data speeds, which has been highly anticipated. Over a year after the first 4G LTE smartphone was released, which was the HTC ThunderBolt on Verizon, Apple now has its own 4G LTE smartphone. Apple’s new iPhone comes equipped with 4G LTE global support, which have the ability to function on 4G LTE networks in the U.S., Canada, Europe, and Asia. Apple named the carriers supporting the iPhone 5 on their 4G LTE networks.
Citigroup Inc. (NYSE:C): Four main U.S. banks including; JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC) and Citigroup are considering linking their digital payment systems giving more customers the option of easily transfering money via cell phone messages and emails instead of using cash or checks, according to Reuters.
Intel Corporation (NASDAQ:INTC) is expected to announce HTML5 programming tools with intentions of lowering the costs of application development as well increasing revenue for developers, according to Renee James,the company’s software chief, on Wednesday.
Chesapeake Energy Corporation (NYSE:CHK) entered into several agreements to sell most of its Permian properties, basically all of its midstream assets, and certain noncore leasehold for net cash proceeds totaling $6.9 billion. Chesapeake intends use part of money generated to completely repay its $4B of term loans in Q4. Chesapeake entered into purchase and sale agreements with three companies which covers most of its Permian Basin assets for total net proceeds of $3.3 billion. Chesapeake entered into a purchase and sale agreement under which it is to sell its assets in the southern Delaware Basin part of the Permian Basin to SWEPI LP. Chesapeake has also entered into a purchase and sale agreement for the selling of its assets in the northern Delaware Basin part of the Permian Basin to Chevron U.S.A. (NYSE:CVX). It has also entered into a purchase and sale agreement for the selling of its producing assets within the Midland Basin portion of the Permian Basin to Houston-based EnerVest, Ltd. affiliates. Chesapeake will keep 470,000 net acres of undeveloped leasehold in the Midland Basin for any sale or development in the future. Chesapeake hopes to close the three transactions within the next 30 days, it hopes to receive about 87 percent in cash at closing. The payment of the rest of the proceeds will be subject to special title, environmental, and other standard contingencies.
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