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What's In The News: June 14, 2011

Financial News Network
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June 15, 2011 AT 12:04 AM
This is what's in the news for Tuesday, June 14th. Reuters reports that General Motors (NYSE:GM) CEO Daniel Akerson assured the CEO of Opel that the U.S. car maker was not in talks to sell the European arm to a rival. the Associated Press reports that American Express (NYSE:AXP) will today roll out its first prepaid card aimed at the general market, a notable departure for the company which generally caters to a more affluent clientele. Finally, the Wall Street Journal reports that Advanced Micro Devices (NYSE:AMD), battling Intel (NASDAQ:INTC) in chip power consumption, will unveil its second product line that combines two once-separate classes of chip technology, targeting notebook PCs at mainstream price points.