A deal that has been rumored for several months, China-based PC maker Lenovo Group Ltd has agreed purchase International Business Machines Corp. (NYSE:IBM)’s server business in the biggest merger deal in Chinese history, worth $2.3 billion. Lenovo rose to the top of the PC industry after acquiring IBM’s struggling ThinkPad business for $1.75 billion in 2005. But with powerful competition from smartphones and tablets, the Beijing-based computer company is seeking to diversify by moving into the x86 server business. International Business Machines Corp. (NYSE:IBM) stock opened at $181.26 in current trading session, and trading at $180.99, trading in the range of $180.72 – $181.26. The stock showed a positive/negative weekly performance of -1.97%.
Intel Corporation (NASDAQ:INTC)’s board of directors has declared a quarterly dividend of 22.5 cents per share (90 cents per share on an annual basis) on the company’s common stock. The dividend will be payable on March 1, 2014, to stockholders of record on Feb. 7, 2014. Intel Corporation (NASDAQ:INTC) stock decreased -0.67% and trading at $25.12. The EPS of the stock remained 1.88. Company’s market capitalization is $125.27 billion.
Microsoft Corporation (NASDAQ:MSFT) EVP Anthony John Bates sold 14,000 shares of the stock on the open market in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $36.29, for a total value of $508,060.00. Following the sale, the executive vice president now directly owns 601,777 shares in the company, valued at approximately 21,838,487. Microsoft Corporation (NASDAQ:MSFT) stock opened at $36.00 in current trading session and trading at $35.85. The 52 week range of the stock is $27.10 – $38.98 and the day range was $35.83 – $36.13.
Verizon Communications Inc. (NYSE:VZ) on Wednesday published a so-called transparency report describing when and why it receives requests for customer data, like phone records or emails, from law enforcement and government agencies. Verizon Communications Inc. (NYSE:VZ) shares closed at $47.33 on last trade day. Stock 52 week range is $42.34 – $54.31. Company’s market capitalization is $135.46billion.
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