IBM, Discover Financial, Discovery, Ebay Shares Win 52-Week Price Highs as DJIA Rises
International Business Machines (NYSE:IBM): IBM’s smarter computing model has been selected by AXA Insurance for a massive four-year systems integration project in Romania designed to streamline business processes, reduce IT costs, and uncover new business opportunities. Under the agreement signed last year, IBM will provide systems integration and management services to help streamline risk management, consolidate data to provide the company with a single view of customers, and work to lower operational costs by automating several pieces of the insurance process. The shares closed at $204.72, up $0.94 or 0.46% on the day. They have traded in a 52-week range of $151.71 to $203.90.
Discover Financial (NYSE:DFS): Discover Financial Services has expanded its franchise agreement with Diners Club Ecuador to include issuance of Discover cards in Ecuador. This is the first time in company history that Discover cards will be issued beyond U.S. borders. As part of the agreement, DCE has been given the exclusive rights to issue Discover cards in Ecuador and will sub-license the issuing rights to Banco Pichincha, the largest bank in the country. Currently, DCE owns a market share of more than 40% by sales volume in Ecuador through their Diners Club products. The shares closed at $32.04, up $0.02 or 0.06% on the day. They have traded in a 52-week range of $20.51 to $32.10.
Discovery Communications (NASDAQ:DISCA): Amazon.com (NASDAQ:AMZN) and Discovery Communications (NASDAQ:DISCA) announced a licensing agreement that will allow Amazon Prime members to stream prior seasons of hit series and specials from Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science and Military Channel, as well as content from the company’s rich, 25-year programming library. Among the programs included in the agreement are Discovery Channel’s Dirty Jobs, TLC’s Say Yes To The Dress and Animal Planet’s Whale Wars, in addition to other titles. Since the 2011 launch of Prime Instant Video, a subscription service of Amazon Instant Video, Amazon has added more than 12,000 titles to bring the total title count to more than 17,000. The shares closed at $47.91, down $0.24 or 0.5% on the day. They have traded in a 52-week range of $34.75 to $48.30.
Ebay Inc. (NASDAQ:EBAY): EBay’s PayPal service has begun sending warnings and restricting the accounts of users it suspects of using the system to place bets on the NCAA’s “March Madness” tournament, according to Bloomberg, citing e-mails sent by the company’s risk management division. The shares closed at $37.62, up $0.29 or 0.78% on the day. They have traded in a 52-week range of $26.86 to $37.34.
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