Hardware Earnings- Data Center Group revenue at Intel (INTC) rose 32% in the last quarter, wheeras revenue from sales of IBM's (IBM) System z mainframe server products rose 41% last quarter. IBM (IBM) has reported a 10 per cent rise in net income to $ 2.86 billion in the January—March quarter of 2011 on account of robust growth in hardware and software business. Intel Corp. (INTC) reported record quarterly results and provided better-than-expected second-quarter guidance, benefiting from strong growth in all of its product segments and bucking worries about weakening personal computer sales.
Apple (AAPL) will begin to ship the new version of its iPhone in September- Reuters reported Apple's next-generation iPhone will have a faster processor and will begin shipping in September, production of the new iPhone will start in July/August and the smartphone will look largely similar to the iPhone 4.
VMware Inc. (VMW) posted a 60% jump in first quarter-profits, beating expectations even as it tempered its guidance for the rest of the year because of a potential freeze on federal government IT spending. Chief Executive Paul Maritz told analysts on an earnings call that uncertainty “which can include cutbacks in government spending” is making the company more cautious about guidance for the year.
Brent crude rose above $122 a barrel on Wednesday as a rebound in equities and a larger-than-expected fall in U.S. oil product stockpiles helped ease fears over eroding demand.
The Motorola Mobility Holdings Inc. (MMI) Bionic phone will launch a quarter late during this summer- Motorola Mobility changed the launch target date for Bionic, its next key phone for Verizon Wireless to this summer, potentially making the device a quarter later than expected.
Research In Motion (RIMM) had a weak response to the release of its Playbook tablet- Research In Motion's new tablet computer, the PlayBook, arrived with a shrug yesterday as near-empty stores created a stark contrast to the all-night crowds that typically await new Apple gadgetry.
Bank of America (BAC) will spin off its $5 billion private equity operation- Bank of America Corp. plans to divest the private equity business it acquired through the Merrill Lynch acquisition as it looks to focus on its core businesses and shed the others.
Nasdaq (NDAQ) and Intercontinental Exchange Inc. (ICE) raised their offer for NYSE (NYX) and pressed for negotiations, including the offer of a $350 million fee if the deal runs into regulatory trouble.
China has begun work to make the yuan a more widely-used international currency- The Chinese currency Renminbi (RMB), or the yuan, on Wednesday gained 52 basis points from Tuesday to 6.5294 per U.S. dollar.
AES Corp (AES) said it would buy smaller rival DPL Inc (DPL) for $3.5 billion in cash, AES will pay $30 per share in cash for DPL, the parent company of Ohio's Dayton Power & Light Co., a regulated electric utility, a nearly 9% premium to the seller's closing stock price of $27.59 on Tuesday.
NRG Energy (NRG) will not move ahead with plans to build two nuclear reactors, NRG President and CEO David Crane said the expansion faces “diminished prospects” in the aftermath of the tsunami that devastated Japan last month and caused the world's biggest nuclear crisis since Chernobyl at the damaged Fukushima nuclear plant.
Comcast's (CMCSA) NBCU signed nearly $2 billion rights deal with the National Hockey League (NHL) and said it plans to relaunch its sports network.
Seagate Technology (STX) announced Tuesday it is buying the hard disk drive business and other operations from competitor Samsung in a $1.375 billion, half cash/half stock deal that is expected to be completed by the end of the year.
Sprint-Nextel (S) will put $1 billion into Clearwire (CLWR) to use its Wimax network- The carrier will pay Clearwire $300 million this year, $550 million in 2012, as well as pre-payments of $175 million over at least the next two years.
GE's (GE) SeaCo received several bids for its sale- Private-equity firms and rival container-leasing companies are in the mix of potential buyers for GE SeaCo.
Yahoo! (YHOO) results show it is not participating in the increase in online advertising- Revenue excluding traffic acquisition costs was $1.064 billion, down 5.8 percent from the $1.13 billion reported during the first quarter of 2010.
Toyota (TM) will drop production at its plants in China for six weeks because of supply chain disruptions following the massive earthquake and tsunami in Japan .
U.S. International Trade Commission (ITC) found that HTC and Nokia (NOK) did not infringe upon Apple patents dealing with various elements of the iPhone.
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