IBM and EMC Continue to Collaborate and 3 Dow Movers Attracting Attention
The Walt Disney Company (NYSE:DIS): Providence Equity Partners divests its interest in Hulu for $200 million, say sources to TechCrunch, which is a move which might significantly alter Hulu’s future. Providence’s departure has long been anticipated, but it remains unknown what impact this could have on Chief Executive Jason Kilar. However, during the next several months Hulu users could see content disappear while media companies begin to charge Hulu higher rates for access to shows.
General Electric Company’s (NYSE:GE) GE Aero Energy, which makes gas turbines and other power equipment, and Deutsche Bank (NYSE:DB) will partner to launch new risk management and working capital solutions to address complex projects in China, Africa, and other emerging countries. These solutions will be supported by a unique mix of traditional trade finance along with the more progressive financial supply chain product offerings. The two entities will collaborate to cover GE Aero Energy’s payment and documentary risk, which will permit accelerated payments and hence improved working capital.
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Hewlett-Packard Company (NYSE:HPQ): Worldwide notebook shipments fell by 4.5 percent sequentially in the third quarter, says DigiTimes, whose Research senior analyst Joanne Chien explained that the decline was because of inventory adjustments in retail channels, the economic slowdown, and consumers waiting for Windows’ 8 upcoming launch.
International Business Machines Corporation (NYSE:IBM) extends by another two years its ongoing tech licensing agreement with EMC Corporation (NYSE:EMC) for interoperability with the IBM i integrated operating environment for IBM Power Systems. Through the terms, EMC and IBM will continue working to supply IBM i customers with jointly developed storage interoperability interfaces and tech support so that IBM i customers possess the choice, flexibility and support to deploy a mix of EMC storage with IBM Power Systems technologies. Additionally, EMC presents the D910 interface, which was jointly developed with, and is also supported by IBM.