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Tag Archives: ibm

Dow average dumps Kraft Foods for UnitedHealth

NEW YORK — The Dow Jones industrial average is dumping Cool Whip for copays. The Dow, perhaps the most widely known barometer of the U.S. stock market, announced Friday that it would boot Kraft Foods to make room for UnitedHealth ...

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Nasdaq sets aside $40M for Facebook investors

NEW YORK — The Nasdaq stock exchange said Wednesday that it plans to hand out $40 million in cash and credit to reimburse investment firms that got ensnared by technical problems with trading Facebook stock. FINRA, the financial industry’s self-regulatory ...

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HP combining printing, PC divisions

NEW YORK — Hewlett-Packard Co. will combine its printer and PC divisions to save money, part of the technology company’s effort to turn around its business. The move announced Wednesday comes at a time when sales of printers and ink, ...

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Buffett’s firm buys about $10.7B in IBM shares

OMAHA, Neb.  — Investor Warren Buffett says his company bought about $10.7 billion of IBM stock this year, giving it a stake of more than 5 percent stake in the technology company. Buffett revealed the investment during an interview on ...

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IBM names its first female CEO

SAN FRANCISCO — IBM Corp. ushered in Virginia Rometty as the company’s first-ever female CEO on Tuesday, as Sam Palmisano stepped down from the position. Palmisano, who turned 60 this year, has been CEO for nearly a decade. He will ...

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