Oil Holds Steady Near 3-Month Highs on Supply Worries
Worries over possible disruptions to supply from the Middle East and a steep fall in U.S. oil inventories pushed prices higher.
IBM to Buy Flash Memory Company in Bid to Enhance Storage Offerings
International Business Machines Corp. (IBM) has agreed to buy flash memory technology company Texas Memory Systems for an undisclosed sum, as the technology heavyweight looks to enhance its storage offerings.
IBM to Buy Texas Memory Systems
IBM announced it has agreed to buy high-end enterprise storage technology provider Texas Memory Systems for an undisclosed amount.
India's Oil Retailers Losing INR13.76/Liter On Selling Diesel At Discounted Rates
India's state-run oil retailers are losing 13.76 rupees a liter on selling diesel at discounted rates, the federal oil ministry said Thursday.
Electronic Arts Reportedly Mulling Sale
Shares of the video game publisher are jumping on a report it is exploring a possible sale.
Coming Up: Philly Fed For August
The Philadelphia Fed's manufacturing index is due for release at 10 a.m. Eastern, with the market expecting a less negative reading for August.
Sify Technologies Names Kamal Nath as New CEO
Sify Technologies Ltd. (SIFY, IWY1.FF) has named Kamal Nath its new chief executive, replacing Raju Vegesna, who continues as the company's chairman.
Report: Daimler to Expand Output at Hungarian Plant
The German carmaker is reportedly looking to expand its export plant in Hungary to double annual production to 300,000 vehicles by 2015.
Poland's PGNiG to Pick Advisers for Oil Services IPO in Autumn
PYZDRY, Poland--State-controlled gas firm PGNiG SA (PGN.WA) plans to pick advisers for the initial public offering of its oil services unit in September or October, said Chief Executive Grazyna Piotrowska-Oliwa.
IBM Buying Firm For Information Technology Unit
IBM said Thursday it'll pay an undisclosed sum to buy 100-employee Texas Memory Systems.