Some of the names on the move ahead of the open.» Read More
Apple and IBM have announced a partnership to develop enterprise solutions, and the announcement put pressure on BlackBerry shares. The FMHR traders share their opinions on the deal.
Roger McNamee, Elevation Partners co-founder, weighs in on the collaboration between Apple and IBM. McNamee explains what the deal says about changes taking place in the broader technology market.
Steve Jobs probably wouldn't have approved of the IBM deal, but get used to it—this is the new age Apple, says Michael Yoshikami.
Apple Inc s rose $1.09 or 1.1 percent, to $96.41. Hewlett Packard Co. rose$. 80 or 2.3 percent, to $34.95. International Business Machines Corp. rose $2.73 or 1.4 percent, to $191.22.
BlackBerry's shares took a hit after IBM said it planned to partner with Apple to sell iPhones and iPads loaded with business applications.
*Intel climbs on earnings, outlook. *Time Warner rebuffs $80 bln bid from 21st Century Fox. Time Warner shares jumped 18.1 percent to $83.87 as the biggest boost to the S&P 500 after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.
*NAMA tasked with developing " Canary Wharf of Dublin". DUBLIN, July 16- Ireland said on Wednesday its state-run "bad bank" would repay at least 80 percent of its senior debt two years earlier than forecast in 2016 and unveiled plans for a new business district to rival London's Canary Wharf.
NEW YORK, July 16- U.S. stock rose on Wednesday, led by tech shares after Intel's earnings and word of a partnership between IBM and Apple, while Time Warner Inc rallied on news it rebuffed a takeover attempt from Rupert Murdoch's Twenty-First Century Fox.
Investors drove up shares in Time Warner 17 percent on news that Twenty-First Century Fox made a takeover bid for the media giant. Momentum from Intel's strong second-quarter earnings late Tuesday and news that Apple and IBM are teaming up to sell more iPhones and iPads to corporate customers helped lift major stock indexes in premarket trading.
Time Warner shares jumped 15.3 percent to $81.86 before the bell as Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down. *A partnership struck between IBM and Apple Inc will serve to boost indexes. IBM shares gained 1.8 percent to $191.85 and Apple advanced 2.1 percent to $97.35 in premarket.
Some of the names on the move ahead of the open.
*Intel climbs in premarket on earnings, outlook. *Time Warner rebuffs $80 bln bid from 21st Century Fox. *IBM will partner exclusively with Apple Inc to sell iPhones and iPads loaded with applications geared at enterprise clients this fall, the companies announced late Tuesday.
This is a great relationship, says Brian White, Cantor Fitzgerald sharing his thoughts on the collaboration between Apple and IBM, and weighing in on the growing competition in the tech landscape.
CNBC's Josh Lipton reports the two tech titans are teaming up to provide users with made-for-business apps.
Charles Sizemore, CIO at Sizemore Capital Management, explains why the partnership between Apple and IBM will impact Microsoft and Google more than Blackberry.
Stocks may respond more to earnings news than the Fed Wednesday, now that Fed Chair Janet Yellen's first day of testimony is out of the way.
WASHINGTON, July 15- International Business Machines Corp will partner exclusively with Apple Inc to sell iPhones and iPads loaded with applications geared at enterprise clients this fall, the company announced on Tuesday.
"While a newly announced partnership is good news for IBM, I think it's amazing news for Apple," said Jim Cramer.
*JPMorgan, Goldman shares rally after earnings. NEW YORK, July 15- U.S. stocks pulled back on Tuesday after Federal Reserve Chair Janet Yellen and her fellow Fed policymakers raised concerns about "substantially stretched valuations" in some sectors. Facebook shares tumbled 1.1 percent to $67.17.
Apple and IBM stocks stocks were up slightly after the firms announced a partnership in which IBM will create business apps for the iPhone and iPad.