IBM pays $1.3bn cash to acquire HR software manager Kenexa August 27, 2012 IBM yesterday agreed a cash deal to acquire Kenexa, the human resource software manager, marking its entry into the sector. The deal will see the computing behemoth pay $46 per share, valuing the smaller firm at $1.3bn (£823m), and comes after recent forays into the HR management market from other tech giants. Kenexa reported a [...]
IBM raises its profit forecast July 18, 2012 IBM has raised its profit forecast for the year for the second time in three months, despite falling revenues in the second quarter. The firm fell short of Wall Street’s predictions with quarterly revenues of $25.8bn, down three per cent on a year ago due to a $1bn currency hit. But the computing giant last [...]
IBM unveils the world’s fastest computer ever June 18, 2012 IBM’S Sequoia has been crowned the world’s fastest supercomputer, propelling the US back to the top spot after it was knocked off by China in 2009. The Californian computer is more than 1.5 times faster than the second ranked machine, Japan’s K computer built by Fujitsu. IBM said: “Sequoia is a major achievement in computing. [...]
What the other papers say this morning January 22, 2013 FINANCIAL TIMES New hedge fund cuts fees One of the UK’s fastest-growing hedge funds is slashing fees, hoping it will spark a rethink of the industry’s high charges. The Core Macro fund from Cambridge-based Cantab Capital will employ similar trading strategies as funds from Man Group, Winton Capital and BlueCrest, three of the world’s biggest [...]
Rolex wins title of consumer superbrand for a second year February 24, 2013 LUXURY watch-maker Rolex has come top of an annual chart of consumer “superbrands” for the second year running, leaving Apple and Microsoft trailing in second and third place, a poll published today shows. The iPad and iPhone-maker jumped 16 places to clinch second place, missing out on the top spot to Rolex. Over 2,900 British [...]
US earnings likely to push stocks higher January 20, 2013 WITH earnings momentum on the rise, the S&P 500 seems to have few hurdles ahead as it continues to power forward, its all-time high a not-so-distant goal. The US equity benchmark closed last week at a new five-year high on strong housing and labour market data and a string of earnings that beat lowered expectations. [...]
Letters to the Editor January 15, 2013 What killed HMV [Re: HMV’s demise shows why even giant firms have feet of clay, yesterday] The news about HMV was sad. I project-managed the development of its online presence in 2005, as part of its rebranding. The rebranding of HMV was undertaken by IBM, which managed the whole exercise, but one of the depressing points [...]
S&P 500 hits fresh five year closing high January 22, 2013 US bank and commodity shares led the Standard & Poor’s 500 to a fresh five-year closing high yesterday on hopes that the global economy continues to mend. The Dow Jones industrial average also ended at a five-year high. The market also gained on signals that Republican leaders in the US House of Representatives aim today [...]
Yahoo, IBM and Intel beat Street April 17, 2012 YAHOO last night reported a modest uptick in first-quarter revenue, its first growth in three years, while Intel and IBM also beat forecasts. Yahoo also said its net income was $286m in the first quarter, up 28 per cent on a year ago, in new chief Scott Thompson’s maiden results. While IBM’s sales missed Wall [...]
City Moves for 7 January 2013 | Who’s switching jobs January 7, 2013 SJ Berwin The law firm has announced the appointment of Steven Fogel to its partnership board and as a non-executive director. He was previously senior partner of Titmuss Sainer, and led the law firm in its merger with Dechert. Fogel then served as managing partner of Dechert’s London office before retiring in June 2012. He [...]