Tech Business Update: A123 Files For Bankruptcy, Apple Has More To Show Us

The electric car battery maker A123 Systems (NASDAQ:AONE) has officially filed for bankruptcy protection, having warned Monday night that it had defaulted on a loan payment. It is unclear how the filing might affect the company’s financing arrangement with China’s Wanxiang Group.

Amazon.com (NASDAQ:AMZN) says it will hire 50,000 seasonal workers for its domestic fulfillment centers for the coming shoopping season.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

Cisco Systems (NASDAQ:CSCO) could be poised to reach a reseller agreement with Citrix Systems (NASDAQ:CTXS), related to the latter’s NetScaler application delivery controllers, say Oppenheimer and MKM. Oppenheimer believes that such a move could allow Cisco, which recently announced that it would de-emphasize its own ADC hardware, to at some point purchase NetScaler for somewhere between $1.5 billion and $2.1 billion.

Apple (NASDAQ:AAPL) invitations proclaim that “We’ve got a little more to show you,” in the widely-anticipated event to be held in San Jose at 1:00 P.M. Eastern Time on October 23rd. Many believe that an iPad Mini intro will be featured and wonder if new Mac Minis and a 13-inch retina MacBook Pro might also be in store for attendees.

Don’t Miss: Another One Bites the Dust: How Will A123 Systems’ Bankruptcy Impact the Obama Campaign?