Cisco (NASDAQ:CSCO) and Citrix (NASDAQ:CTXS) announce their partnership to address the next major architectural transition in the IT industry: the Mobile-cloud era. The two companies will collaborate to bring best of breed technologies to this new field in three strategic areas namely, cloud networking, cloud orchestration and mobile work styles.
Amazon (NASDAQ:AMZN) announces the launch of WhisperCast for Kindle. WhisperCast is a simple and scalable online tool that helps educational institutions and businesses manage the deployment of Kindle tablets and the distribution of content suthech as books and documents on these devices. The move would likely help Amazon close the lead that Apple has taken for its tablets in the education sector.
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CME Group (NASDAQ:CME) will pay $126 million in cash to acquire the Kansas City Board of Trade, which specialises as the preferred futures market for hard red winter wheat. CME Group Executive Chairman and President Terry Duffy says: “Building on two rich legacies, the combination of KCBT Hard Red Winter Wheat products with our deep and liquid CBOT Soft Red Winter Wheat futures and options markets will provide new trading opportunities for market participants around the world both on the trading floor and on the screen.”
Moves and counter-moves in a complex chess-like game. That best describes the TNK-BP negotiations with BP (NYSE:BP) out to sell its 50% stake in the joint venture. In a new development, the four Russian oligarchs who control the other half of the joint-venture are reported to have agreed to sell their stake to Russian oil giant Rosneft for $28 billion. BP, on the other hand, is also reported to be close to sealing a deal with Rosneft for selling its share for $25 billion. The two deals would hand complete control of TNK-BP to Rosneft, and make it the largest listed oil company globally.