CIT Group, Pfizer, Microsoft, Ford, Honeywell, American Express are big market movers FridayApril 24th, 2009 CIT Group, Pfizer, Microsoft, Ford big movers
NEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
CIT Group Inc., down 32 cents at $2.46
Shares tumbled after multiple analysts cut their ratings on the diversified lender a day after it reported a wider-than-expected first-quarter loss. Mohawk Industries Inc., up $11.18 at $49
The floor covering maker's stock soared after it reported strong first-quarter results and gave an earnings outlook above analysts' average forecast.
Wipro to acquire Citigroup's Indian IT subsidiaryDecember 22nd, 2008 BANGALORE - India's second largest IT bellwether Wipro Technologies Tuesday announced acquisition of Citi Technology Services, the India-based captive provider of IT services and solutions to Citigroup entities worldwide, for $127 million in an all-cash deal. As part of the deal, Wipro and Citi will sign a Master Services Agreement for delivery of technology infrastructure services and application development and maintenance services for six years, which is projected to accrue $500 million during the contract.
Twitter raises another large investment; published reports say deal values company at $1BSeptember 25th, 2009 Something to tweet about: Twitter gets more doughSAN FRANCISCO — Twitter Inc. has raised $100 million in a deal that values the startup at $1 billion — even though the 3-year-old company still hasn't generated any meaningful revenue.
IBM's 2nd-quarter sales expected to dip, but profit seen higher in Thursday's reportJuly 16th, 2009 Ahead of the Bell: IBM to post 2Q resultsSAN FRANCISCO — IBM Corp. will report second-quarter results Thursday amid an unsettled technology market that's been sending mixed signals.
A chronology of events leading to Microsoft and Yahoo's Web advertising dealJuly 29th, 2009 Timeline: Microsoft, Yahoo's road to partnershipA chronology of key events leading to Microsoft Corp.'s deal with rival Yahoo Inc.:
Feb. 1, 2008: After more than two years of talks and speculation, Microsoft makes unsolicited offer to buy Yahoo for $31 per share, or $44.6 billion.
Yahoo, Microsoft reach search and ad partnershipJuly 29th, 2009 NEW YORK - Internet search firm Yahoo and software giant Microsoft have reached a 10-year deal in which they hope to tackle the online dominance of Google, media reports said Wednesday. Under the terms of the deal, Yahoo will use Microsoft's new search engine on its sites and handle some advertising sales for Microsoft.
Microsoft-Yahoo deal faces tough probe in US, overseas; could hinge on competition with GoogleJuly 29th, 2009 Microsoft-Yahoo deal to face tough antitrust probeWASHINGTON — The Internet search partnership between Microsoft and Yahoo faces a tough antitrust review in the U.S. and overseas, with approval likely hinging on whether the marriage would foster more competition with market leader Google.
Google provides peek into new search engine with different results rankingAugust 11th, 2009 Google provides peek into new search engineNEW YORK — Google has lifted the lid on a new version of its search engine, allowing users to look at the results it will generate. The new engine, available at a separate address, looks the same as the current one but ranks results differently, which could affect businesses who rely on Google results to drive traffic.
IBM in talks to buy Sun Microsystems: reportMarch 18th, 2009 SAN FRANCISCO - Technology giant IBM is in talks to buy rival Sun Microsystems for $6.5 billion, the Wall Street Journal reported Wednesday. The deal would represent the largest purchase ever by IBM and signal the company's determination to maintain a strong presence in the market for servers in the face of challenges from HP, Dell and Cisco.
Tech Mahindra to announce 20 percent open offer for Satyam TuesdayApril 20th, 2009 HYDERABAD - Tech Mahindra, the new owner of scam-hit Satyam Computer Services, will announce an 'open offer' Tuesday to obtain an additional 20 percent stake in the software major, Satyam chairman Kiran Karnik said here Monday. Tech Mahindra, which deposited Rs.2,910 crore (Rs.29.1 billion) in an escrow account Monday for a 31 percent stake in Satyam, will see its total holding increase to 51 percent after the open offer.
Microsoft-Yahoo deal faces tough scrutinyJuly 30th, 2009 WASHINGTON - Microsoft and Yahoo's blockbuster deal to form a 10-year partnership in Internet search and advertising is expected to face tough scrutiny with US authorities taking a hard look at consolidation in the hi-tech industry. Already, Congress has shown interest in the deal with Democrat Senator Herb Kohl, chairman of the Senate Judiciary Committee's antitrust subcommittee, saying the partnership "warrants our careful scrutiny".
Tamil Nadu to announce new policy for IT sectorJuly 8th, 2009 CHENNAI - The Tamil Nadu government will announce a slew of measures to help IT sector attract fresh investments, a senior official here said Wednesday. "The proposals will be announced in the assembly," IT Secretary P.W.C.
Microsoft-Yahoo deal draws antitrust probeSeptember 11th, 2009 SAN FRANCISCO - The US Department of Justice is looking into the advertising and search alliance between Microsoft and Yahoo, the companies said Friday. Yahoo and Microsoft, which trail a distant second and third respectively to Google in the internet search market, announced their deal in late July in a bid to combine forces and challenge the web giant.
Epicor Software inks deal amending its credit facilityOctober 6th, 2009 Epicor Software amends deal for line of creditIRVINE, Calif. — Epicor Software Corp.
Brocade shares climb premarket following report company is up for saleOctober 5th, 2009 Ahead of the Bell: Brocade shares jumpNEW YORK — Shares of Brocade Communications Systems Inc. jumped in premarket trading Monday after a report the network gear and data storage company is up for sale.
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