The Walt Disney Company’s (NYSE:DIS) long-term investments have paid off, judging by the success of its film The Avengers, along with record attendance at its theme parks in the past months, according to the Wall Street Journal. Chief Executive Robert Iger calls these numbers more than a seasonal blip, and added that they mark a validation of the company’s decision make several long-term expenditures even during the recent recession and beyond it.
The Home Depot, Inc. (NYSE:HD) Director Armando M. Codina’s recent investment in his company of $998,800 is one of 13 such moves by directors and officers within the 30 components of the Dow Jones Industrial Average to see such buying over the trailing six month period. It is generally thought that these top insiders have a unique inside view into the company, so when they make purchases, keen investors should take notice.
Hewlett-Packard Company (NYSE:HPQ) is one of a few companies that led PC sales in the June quarter in India to a 17 percent jump in sales to 2.9 million units, says Gartner. Others were Dell Inc. (NASDAQ:DELL), Lenovo Group Ltd Avr (LNVGY.PK), and Accer, according to the Economic Times.
International Business Machines Corp. (NYSE:IBM) is introducing a new brand of mainframe computers on Tuesday, says The Washington Post. These new models have been enhanced on the traditional strengths of mainframe computers while at the same time adding more artificial intelligence capabilities. Mainframes remain popular among banks and telecom companies, and also in emerging markets.
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