Shares of chip designer Advanced Micro Devices (AMD) surged by more than 18 percent following a report that it's hired J.P. Morgan Chase to "explore options," including an outright sale of the company. Before anyone panics, no sale is imminent, and it appears AMD would much rather offload some of its patents to generate some much needed cash, but at the same time, all options are on the table.
A J.P. Morgan Chase & Co. fund is in negotiations with Twitter to take a minority stake in the microblogging service, according to a report in The Wall Street Journal. The investment would come from the bank's new $1.2 billion digital growth fund and would value Twitter at $4 billion. This is in addition to already purchased shares, which came on exchanges for private-company stock.