EU investigates IBM practices
The European Union opened pair antitrust investigations against IBM Corp. on Monday. The EU accused the U.S. technology monster of abusing its dominant position in the market for mainframe computers. IBM 3-month chart One research stems from complaints by emulator software vendors T3 and Turbo Hercules. They say. IBM has tied sales of hardware together [...]
‘Fast Money’ Portfolios of the Week
However, I think the market is about to change direction abruptly in the coming days or weeks. Here is why: 1. The New York Stock Exchange, Dow Jones Industrial Averageand S&P 500 are all drifting higher into resistance levels on the 10-day, 60-minute charts. Light volume tends to favor higher prices, hence the reason for [...]
Boeing’s 787 Finally Takes Flight
By Susanna Ray (Bloomberg) — Boeing (BA)’s 787 Dreamliner took off on its maiden flight today, more than two years late, starting a testing process that will last at least nine months before the new plane enters service. The Dreamliner lifted off at about 10:27 a.m. local time from Paine Field in Everett, Washington, across [...]