IBM Acquires Butterfly Software and 3 Dow Movers Turning Heads
International Business Machines Corporation (NYSE:IBM) has purchased Butterfly Software, a privately held data analysis and migration software firm headquartered in Maidenhead, England, and it will become a part of of IBM’s Software Group. Financials of the transaction were not divulged.
Don’t Miss: Will Yahoo’s Radical Transparency Pay Off?
JPMorgan Chase & Co. (NYSE:JPM): Banks are placing more fees on their so-called free checking accounts, ostensibly due to doubts about the economy and new government regs, according to the Wall Street Journal. Domestic customers must maintain an average minimum balance of $723 in accounts that pay no interest, which is 23 percent higher than in 2011, reports a new survey from Bankrate Inc. Additionally, the average monthly fee on non-interest checking accounts jumped by 25 percent to $5.48 which marks a new high.
The Coca-Cola Company (NYSE:KO) reports that it has finalized the transaction originally announced in December to purchase approximately 50 percent of the equity in Aujan Industries’ beverage unit, which is one of the biggest independent beverage companies in the Middle East. This acquisition allows the company to enlarge its portfolio in the juice sector and maintain long-term value for all shareholders. Now that the deal is completed, Coca-Cola owns one half of the Aujan entity that holds the rights to Aujan-owned brands, along with 49 percent of Aujan’s bottling and distribution operations, not counting its operations in Iran.
Microsoft Corporation (NASDAQ:MSFT) on Friday released a security update to patch a zero-day vulnerability that’s being actively exploited by attackers, plus four previously undisclosed vulnerabilities of a similar type. This critical security update reports that Internet Explorer 6, 7, 8, and 9, running on almost every sort of Windows operating system, are vulnerable to a remote code execution attack and if successful, a related exploit could allow an attacker to execute arbitrary code on a targeted machine. However, Internet Explorer 10 and some versions of Windows Server are not vulnerable to the related attack. Several security experts, including Chief Technical Officer Wolfgang Kandek of Qualys, recommend that all IE users immediately install Microsoft’s patch. Kandek remarked that, “We recommend installing the update as soon as possible, even if you are not running one of the configurations that are currently being exploited, i.e. Internet Explorer plus Flash or version Java v1.6.”
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>