IBM cooperated on the SEC probe of its cloud revenue. IBM Corp. stated Wednesday that it was cooperating with US regulators on a probe of its cloud revenue.
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Synnex acquires IBM's customer care BPO services business
Synnex Corp. announced that it would acquire IBM's BPO services through a combination of cash and stock payment.
Continental AG nearing partnership with IBM for driverless car systems development
Driverless vehicles as well as the data transfer between cars are on top of the agenda for the partnership between Continental AG and IBM.
IBM moves retirees pension plan to health exchange
To cut costs, which is expected to triple by 2020, IBM has moved its retiree pension plan to a health exchange for lower risk and costs.
Allianz nears deal to outsource IT services
German insurance firm Allianz announced that it is nearing a deal to outsource its information technology services.
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IBM's effort to modernize and remain competitive would offer a lot of room for growth to its investors.
IBM issued US$2.15 billion worth of bonds with two ten-year offerings. The biggest computer services provider, International Business Machine Corp. , was able to raise US$2.
According to a report from the daily Zairul Financiar on Monday, IBM Romania would receive a state-funded investment from the Romanian government that was valued at Eur21 million.
Prime Minister Shinzo Abe faced a tough test on whether or not permit foreign firms operating in Japan to easily fire out workers after IBM was sued for illegal termination of employees.
Crocus Tech, a semiconductor company, raised US$45 million worth of funds. Semiconductor producer Crocus Technology announced today that it has successfully closed its Series D round of financing with Eur34 million, equivalent to US$45 million.
From Omaha, Nebraska, Warren Buffett said he won't sell IBM shares despite missed earnings expectations for the quarter.
On paper, the loss of US$1.168 billion resulted from the share price decline of the blue chip stock IBM.
