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$IBM intends to buy Promontory Financial Group, a risk management and regulatory compliance consulting firm. Promontory will operate as a wholly owned subsidiary of $IBM. The planned acquisition represents the first example of new capability from $IBM's Industry Platforms business, launched in August.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.