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Stock Market & Financial Investment News

News Breaks
November 23, 2012
08:30 EDTIBM, KNXAKenexa enters into MOU settling action related to IBM deal
Kenexa Corporation (KNXA) announced the entering into of a Memorandum of Understanding to settle a derivative action and purported class action complaint that was filed in the Court of Common Pleas of Chester County, Pennsylvania, in connection with the proposed acquisition of Kenexa by International Business Machines Corporation (IBM). The settlement of the lawsuit is subject to definitive documentation and court approval. In connection with the Memorandum of Understanding, Kenexa’s board of directors adopted a resolution granting all Kenexa shareholders dissenters rights in connection with the merger, and Kenexa, IBM and Sub entered into an amendment to the merger agreement providing for such dissenters rights. Accordingly, Kenexa shareholders have dissenters rights as provided by Pennsylvania law in connection with the merger. In order to provide Kenexa’s shareholders with time to consider the amendment to the Merger Agreement and to evaluate, and provide timely notice of their intention to exercise, their dissenters rights with respect to the merger, Kenexa has agreed to postpone its previously scheduled special shareholder meeting in connection with the merger. The special shareholder meeting for Kenexa originally scheduled for November 29 will be held on December 3 starting at 10:00 a.m., local time.
News For KNXA;IBM From The Last 14 Days
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June 29, 2015
06:05 EDTIBMNotebook demand expected to be weaker than expected in 2H15, DigiTimes reports
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June 25, 2015
07:17 EDTIBMRed Hat to hold a summit
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June 24, 2015
17:57 EDTIBMWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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16:21 EDTIBMOn The Fly: Top stock stories for Wednesday
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12:30 EDTIBMOn The Fly: Top stock stories at midday
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09:10 EDTIBMOn The Fly: Pre-market Movers
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05:10 EDTIBMIBM, Box announce global partnership
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June 23, 2015
10:45 EDTIBMIBM calls active after report says Ackman to take on big target
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10:01 EDTIBMIBM up after Post says Ackman to take on big target
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07:41 EDTIBMRed Hat to hold a summit
Red Hat Summit 2015 is being held in Boston on June 23-26 with webcasted company presentations to begin on June 23 at 4 pm; not all presentations may be webcasted. Webcast Link
06:04 EDTIBMOracle says extending enterprise cloud portfolio
At a live event yesterday, Oracle (ORCL) Executive Chairman of the Board and CTO Larry Ellison announced new additions to the Oracle Cloud Platform, a comprehensive, integrated suite of services that make it easier for developers, IT professionals, business users and analysts to build, extend and integrate cloud applications. With more than 24 new cloud services, the Oracle Cloud Platform "extends Oracle's leadership with the world's broadest and deepest portfolio" of SaaS, PaaS and IaaS. Newly available Oracle Cloud services include, Oracle Database Cloud - Exadata, Oracle Archive Storage Cloud, Oracle Big Data Cloud, Oracle Integration Cloud, Oracle Mobile Cloud, and Oracle Process Cloud. The Oracle Cloud Platform helps customers build new applications, extend existing ones, and easily move existing on-premises workloads to the cloud with no application changes. The services are designed to maximize end user experience and productivity; enable developers to manage and analyze data, rapidly develop, test and deploy applications; enable architects to quickly integrate across on-premises and cloud applications; and enable business users to drive rich business insights and enterprise collaboration. With the Oracle Cloud Platform, customers and partners are able to take advantage of the industry-leading Oracle middleware and database software that thousands of global organizations already use to run their own businesses, all delivered via cloud. The extensive level of automation that has been engineered into the Oracle Cloud, results in faster time-to-value, greater innovation, and lower cost for customers. "Oracle is growing really fast. We sold $426M worth of business in SaaS and PaaS last quarter, a 200 percent increase over the same quarter last year. That's an industry record, no company has ever sold that much in just one quarter," said Ellison. "Oracle is the only company on the planet that can deliver a complete, integrated, standards-based suite of services at every layer of the cloud. Those technology advantages enable us to be much more cost-effective than our competitors. Our new Archive Storage service goes head-to-head with Amazon Glacier (AMZN) and it's one-tenth their price."
June 22, 2015
05:39 EDTIBMNidec, IBM Japan to jointly develop IoT Technology
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June 19, 2015
06:22 EDTIBMLayoffs commenced at IBM this week, Business Insider reports
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June 18, 2015
11:43 EDTIBMIBM, Sogeti partnering on hybrid cloud development
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07:26 EDTIBMImperva price target raised to $75 from $59 at Stephens
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June 15, 2015
07:01 EDTIBMIBM to invest in open-source big data software project, NYT reports
IBM is set to place a large investment behind an open-source project for real time data analysis called Apache Spark, the New York Times reports. The commitment will amount to “hundreds of millions of dollars” per year, the report says, citing comments from Robert Picciano, senior vice president of IBM Analytics. The company will put more than 3,500 of its developers and researchers to work on Spark projects, the report says, and will contribute “machine-learning technology” as well. IBM will also offer Spark on Bluemix, its programming platform for cloud software development, the New York Times reports. Reference Link

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