IBM to ACQUIRE Texas Memory Systems and 3 Dow Movers to Watch
Hewlett-Packard Company’s (NYSE:HPQ) HP Application Lifecycle Management has been selected by the worldwide investment manager BlackRock, Inc. (NYSE:BLK) along with Lab Management Automation, for the improvement of the delivery of application updates for its investment-management platform, which supplies sophisticated risk analytics with portfolio management, trading and operations tools.
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International Business Machines Corp. (NYSE:IBM) reported that it will purchase private equity Houston-based Texas Memory Systems, which is a developer of high-performance flash memory solutions. TMS employs around 100 people. Financials of the transaction were not divulged, but the deal should close later in the current year.
Intel Corporation (NASDAQ:INTC): Microsoft Corporation’s (NASDAQ:MSFT) rumored $199 price for its Surface tablet could push PC suppliers out of the market, say unnamed sources to DigiTimes, adding that Windows RT partners sych as Samsung (SSNLF.PK), Dell Inc. (NASDAQ:DELL), Lenovo Group Ltd Avr (LNVGY.PK), and Asustek might have to shut down their development if the rumored price proves to be correct.
JPMorgan Chase & Co. (NYSE:JPM) will add Nigeria to its Government Bond-Emerging Markets Index in three phases, starting in October, according to a research note issued on Wednesday. That country’s inclusion in the Index could become a catalyst for capital inflows into its debt market and thereby freeing funds that could be loaned to companies and households, say analysts. Nigeria will command a weight of approximately 0.59 percent in the Index, which has around $170 billion of assets under management benchmarked against it.
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