International Business Machines Corp.

Berkshire Hathaway profit up 10 percent amid railroad gains

Warren Buffett's Berkshire Hathaway Inc on Friday said first-quarter profit rose 10 percent, and operating results easily beat forecasts, boosted by its railroad and insurance businesses and gains from derivatives.

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IBM sales fall for 12th quarter, currency weighs

International Business Machines Corp reported a 12 percent fall in first-quarter revenue as the technology company continues to shed unprofitable businesses to focus on cloud-computing initiatives.

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IBM launches new health unit, teams up with Apple, J&J, Medtronic

International Business Machines Corp, deepening its partnership with Apple Inc to make use of health information gathered by millions of Apple devices, is creating a unit dedicated to providing data analytics to the healthcare sector.

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Blackberry launches new secure tablet

Seeking to extend its range of secure mobile devices, BlackBerry Ltd said on Saturday it was launching a high-security tablet, developed with International Business Machines Corp and Samsung Electronics Co Ltd.

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IBM looking at adopting bitcoin technology for major currencies

International Business Machines Corp is considering adopting the underlying technology behind bitcoin, known as the "blockchain," to create a digital cash and payment system for major currencies, according to a person familiar with the matter.

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Dropbox says Android security flaw fixed

Dropbox, the popular online file storing system, said on Tuesday it has fixed a security flaw that could have allowed hackers to capture data stored in its service on Android devices via compromised third-party apps.

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IBM buys AlchemyAPI to boost Watson computing unit

International Business Machines Corp said on Wednesday it had acquired AlchemyAPI, a fast-growing startup selling software that collects and analyzes unstructured text and data in ways big enterprises, website publishers and advertisers find useful.

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IBM profit forecast, fourth-quarter revenue below estimates

International Business Machines Corp posted a new 2015 profit target and quarterly revenue that both missed analysts' estimates, as the one-time world technology leader continues to grapple with its journey from low-margin hardware maker to the new world of cloud computing.Shares of IBM, which is still the world's largest technology services company, but no longer regarded as a leader in innovation, fell 1.6 percent to $154.48 in extended trading.

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IBM, Twitter to partner on business data analytics

International Business Machines Corp (IBM.N) on Wednesday announced a partnership with Twitter (TWTR.N) to help shape business decisions using data collected from tweets worldwide.

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IBM struggles to reinvent itself in an age of cloud

When IBM Corp CEO Ginni Rometty was asked recently for her tips on how to transform companies, she spoke of "relentless reinvention" and not protecting the past.

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Lenovo says $2.1 billion IBM x86 server deal to close on Wednesday

Lenovo Group Ltd will close its acquisition of International Business Machines Corp's x86 server division on Oct 1 for $2.1 billion, giving China's biggest personal computer maker a major asset as it expands its offerings for business clients.

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IBM launches Watson system for research, hopes for breakthroughs

International Business Machines Corp on Wednesday launched a computer system that can quickly identify patterns in massive amounts of data, an ability that IBM said should hasten breakthroughs in science and medical research.

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Corporacion America agrees to buy Batista's stake in Brazil semiconductor project

Argentina-based investment group Corporacion America reached an agreement to buy the stake of entrepreneur Eike Batista in SIX Semicondutores, a Brazil-based billion-dollar semiconductor project, for an undisclosed sum.

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IBM to invest over $1B to set up new Watson business unit

Tech giant IBM Corp. said it will invest more than $1 billion to create the IBM Watson Group. The new business unit will enable IBM to get more revenue from the supercomputer system Watson.

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Activist hedge fund Elliott bids to buy Riverbed Technology for $3.08B

Elliott Management Corp., a hedge fund run by activist investor Paul Singer, has made an offer to acquire network equipment maker Riverbed Technology Inc. for $3.08 billion. Riverbed was reportedly working with Goldman Sachs Group Inc. in November on a potential sale.

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