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Stock Market & Financial Investment News

News Breaks
September 5, 2012
08:32 EDTPLCM, IBMPolycom announces co-development initiative with IBM Research
Polycom (PLCM) announced an initiative with IBM Research (IBM) to co-develop next-generation innovations that are designed to further accelerate cloud-delivered video collaboration applications to support key vertical and social uses. Under the initiative, Polycom will work with IBM Research to explore and develop technologies that leverage the Polycom RealPresence Platform and real-time video capabilities in the cloud, as businesses are increasingly evaluating Video-as-a-Service offerings through private, public and hybrid cloud models.
News For PLCM;IBM From The Last 14 Days
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June 18, 2013
07:29 EDTIBMSecurities Industry and Financial Markets Association to host a conference
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June 14, 2013
06:09 EDTIBMIBM revenue can grow again in second half, says Citigroup
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June 12, 2013
15:01 EDTIBMNew Four Horsemen of Tech option implied volatility is mixed
Amazon.com (AMZN) overall option implied volatility of 29 is below its 26-week average of 31, Google (GOOG) is at 24, near its 26-week average of 23, Apple (AAPL) is at 27; below its 26-week average of 29, IBM (IBM) is at 19, above its 26-average of 16 according to Track Data.
13:25 EDTIBMIBM starts U.S. job cuts, Bloomberg says
IBM began cutting U.S. jobs today as part of a $1B plan, announced in April, to trim its global workforce, reports Bloomberg, citing a person familiar with the move. Reference Link
11:51 EDTIBMIBM heading for test of $200 area, levels to watch
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05:51 EDTIBMAmazon, IBM battle over $600M CIA contract, WSJ reports
The fight between IBM (IBM) and Amazon.com (AMZN) over a $600M contract to set up a cloud-computing system for the Central Intelligence Agency shows the growing importance of intelligence-agency business for technology companies, reports the Wall Street Journal. Reference Link
June 10, 2013
07:17 EDTIBMStorage Networking Industry Association to host conference
Storage Plumbing & Data Engineering Conference is being held in Santa Clara on June 10-12.
June 6, 2013
18:03 EDTIBMAT&T, IBM announce eCommerce agreement
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07:22 EDTIBMIDG Enterprise to host a seminar
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June 5, 2013
12:04 EDTIBMJuniper CEO says IBM a key enterprise partner
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07:15 EDTIBMIBM acquisition positive, says RBC Capital
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June 4, 2013
16:20 EDTIBMOn The Fly: Closing Wrap
Stocks on Wall Street were lower, but the major averages closed well off their worst levels thanks to a move higher in the final hours of trading. The late move wasn't enough, however, to keep the Dow from ending its streak of 20 consecutive higher closes on Tuesday sessions. ECONOMIC EVENTS: In the U.S., the trade deficit widened to $40.3B in April from its $38.8B prior reading, which compared to a deficit forecast of $41.1B. In Europe, an index of U.K. construction activity in May beat expectations and U.K. retail sales were also better than expected. COMPANY NEWS: Salesforce.com (CRM) and IBM (IBM) both announced acquisitions. Salesforce.com will acquire ExactTarget (ET) for $2.5B, or $33.75 per share. The deal sent shares of ExactTarget up $11.59, or 52.44%, to $33.69, while Salesforce slipped $3.24, or 7.89%, to $37.80. IBM said it will buy privately-held SoftLayer and the WSJ pegged the value of the transaction at $2B. IBM shares lost $2.76, or 1.32%, to $206.19. MAJOR MOVERS: Among the notable gainers was G-III Apparel (GIII), up $9.07, or 21.22%, to $51.81 after its first quarter earnings beat estimates and the company raised its full-year earnings outlook. Also higher were shares of Morgans Hotel Group (MHGC), up 86c, or 12.89% to $7.53 after the company said it will explore its strategic alternatives. Among noteworthy losers was Dollar General (DG), down $4.91, or 9.17%, to $48.64 after reporting in-line first quarter earnings giving a full-year earnings outlook below expectations. Also lower was Pandora (P), which slid 83c, or 5.45%, after dropping over 10% yesterday as speculation mounts that Apple (AAPL) will launch a competing music streaming service at its Worldwide Developers Conference next week. INDICES: The Dow was down 76.49, or 0.50%, to 15,177.54; the Nasdaq was down 20.11, or 0.58%, to 3,445.26; and the S&P 500 was down 9.04, or 0.55%, to 1,631.38.
12:32 EDTIBMOn The Fly: Midday Wrap
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11:15 EDTIBMIBM looking to enhance cloud services with SoftLayer deal
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10:22 EDTIBMIBM deal may be seen as adding Rackspace competition, says Wells
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10:20 EDTIBMIBM deal for SoftLayer worth about $2B, WSJ says
International Business Machines' deal to buy privately held SoftLayer Technologies, which was announced earlier without the terms being disclosed, is worth around $2B, according to The Wall Street Journal, citing a person familiar with the matter. Reference Link
08:45 EDTIBMIBM to acquire SoftLayer
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