IBM EYEING RIM Enterprise Services and 3 Dow Movers to Watch
EI DuPont de Nemours & Co. (NYSE:DD): A United States Department of Agriculture comment in the most recent World Agricultural Supply and Demand Estimates report said that domestic feed grain supplies for 2012/13 are once again forecast notably lower for August, with corn production projected to be down 2.2 billion bushels and sorghum production 92 million bushels lower. The expected domestic corn yield is decreased by 22.6 bushels per acre to 123.4 bushels, as the effects of heat and dryness continued and worsened during July across the Plains and Corn Belt. As anticipated, the 2012/13 corn yield would likely be the lowest since 1995/96. In addition, corn area harvested for grain is also down by 1.5 million acres from the last month’s forecast which was based on the June Acreage report.
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The General Electric Company (NYSE:GE) will acquire Naxys, which provides sub-sea leak detection and condition monitoring sensors that are based on passive acoustic tech. The purchase, upon approval, should further ramp up the company’s monitoring and sensing solutions and will become a part of its Measurement & Control division. This acquisition is another step towards a stronger GE footprint in Norway.
Hewlett-Packard Company (NYSE:HPQ) Chief Executive Meg Whitman went to Australia last week to try to mend the company’s relations with a client that suffered a technology disaster, according to inside sources to AllThingsD. An Australian technology blog reported that Commonwealth Bank suffered service disruptions to several branches from to a failure in Hewlett-Packard’s operating system patch.
International Business Machines Corp. (NYSE:IBM) is looking at Research In Motion Limited’s (NASDAQ:RIMM) enterprise services unit, say sources to Bloomberg, and is said to have made an informal approach about possibly buying the unit which operates a network of secure servers that are used to support RIM’s BlackBerry devices.
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