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Stock Market & Financial Investment News

News For ACN;ACN;ACN;CTSH;CTSH;CTSH;IBM;IBM;IBM;HPQ;HPQ;HPQ;WIT;WIT;WIT;INFY;INFY;INFY From The Last 14 Days
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May 19, 2015
09:03 EDTIBMIBM and United Business Group partner to accelerate hybrid cloud adoption
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07:54 EDTWITWipro and ActiveState announced partnership
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07:34 EDTIBMIBM invests in WayBlazer and Sellpoints
IBM announced two new investments in WayBlazer and Sellpoints to advance online travel and shopping apps powered by Watson. The announcement is part of IBM's $100M commitment to drive new innovations and business solutions that build on Watson and follows the company's recent investments in Modernizing Medicine and Pathway Genomics. The financial terms of IBM's investments were not disclosed.
06:36 EDTHPQHP sued by MicroTech for $16.5M for 'unfairly taking advantage'
In a lawsuit filed Monday with the United States District Court for the Northern District of California in San Francisco, Virginia technology company MicroTech accuses Hewlett Packard and the software maker it now owns, Autonomy, of unfairly taking advantage by refusing to return $16.5M in cash paid to Autonomy for software never delivered in a fashion where it could be re-sold. During a national telephonic press conference, Lanny J. Davis, a Washington, D.C. attorney advising MicroTech, described the core allegation in the breach of contract case filed against HP: "Regardless of whether HP was defrauded by Autonomy, or whether HP's over-payment for Autonomy was a product of a possible due diligence failure, in my opinion, HP is not entitled to keep both MicroTech's money AND Autonomy's software that MicroTech duly purchased," Davis said.
06:24 EDTHPQHP to sell controlling stake in H3C unit to Tsinghua Unigroup, Reuters reports
HP will sell its 51% stake in H3C, its China-based computing unit, to Tsinghua Unigroup, Reuters reports, citing comments from a spokesperson for the Chinese private-equity fund's parent company. Terms have not been disclosed, but the spokesperson says he believes the deal will be completed in the coming days. Reference Link
May 18, 2015
14:15 EDTHPQHewlett-Packard volatility elevated into Q2 and outlook
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07:27 EDTIBMJPMorgan to hold a conference
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05:27 EDTACNAccenture to acquire Javelin Group, terms not disclosed
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May 17, 2015
15:07 EDTINFYInfosys likely to spend cash on acquisitions rather than returns, Barron's says
Infosys is likely to spend its capital on additional acquisitions rather than shareholder returns, Barron's contends in its 'International Trader - Asia' column. Barron's notes that the company has targeted an 18% annualized rate of revenue growth and looks to deepen its presence in social, mobile, "big data," and cloud through buyouts. Reference Link
May 15, 2015
16:32 EDTIBMBerkshire Hathaway gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: IBM (IBM), Precision Castparts (PCP), Wells Fargo (WFC), Phillips 66 (PSX), and US Bancorp (USB). DECREASED STAKES: National Oilwell Varco (NOV), Viacom (VIAB), Bank of New York Mellon (BK), MasterCard (MA), and Visa (V). LIQUIDATED STAKES: None.
11:00 EDTHPQHewlett-Packard volatility elevated into Q2 and outlook
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07:40 EDTHPQHP split to be positive catalyst, says Deutsche Bank
Deutsche Bank believes HP's split will be a positive catalyst for shares this year. It views the stock as attractively priced ahead of the Q2 results on May 21 and says HP remains a top pick for 2015. Deutsche has a Buy rating on the name with a $45 price target.
May 14, 2015
09:40 EDTHPQHP upgraded to Buy from Hold at Cross Research
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06:15 EDTHPQHP Q2 sales weakness largely expected, says Citigroup
Citigroup believes HP's Q2 revenue on May 21 could miss the consensus expectation of $25.8B due to PC weakness and currency pressure. Citi thinks sales weakness is largely expected, however. The firm says HP shares "will start to work again" as management will likely address and quantify the additional costs of operating as two separate companies. Uncertainty around the size of the dis-synergy costs has been a key factor behind the stock's recent underperformance, Citi believes. It keeps a Buy rating on HP with a $41 price target.
May 13, 2015
12:43 EDTHPQHewlett-Packard volatility elevated into Q2 and outlook
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09:03 EDTIBMIBM partners with Teleflora for large florists network
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08:02 EDTACNAccenture signs services agreement with Moven
Accenture and Moven have signed a services agreement to jointly develop next-generation digital banking solutions. In conjunction with the services agreement, the companies have also entered into an alliance agreement to provide digital banking solutions to banks globally, enabling the banks to launch new digital capabilities faster and more cost-efficiently and deliver innovative digital products and services to their customers.
May 11, 2015
17:39 EDTINFYInfosys refocuses on top clients, Economic Times says
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07:50 EDTHPQHP awarded IT services contract by California WCDS
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06:28 EDTCTSHCognizant management to meet with Needham
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