IBM shareholder sues company, alleging it overvalued chip unit

IBM Corp was sued on Monday by a shareholder that said it committed securities fraud by failing to write down a money-losing semiconductor unit before agreeing to pay another company $ 1.5 billion to take that unit off its hands. The lawsuit filed in Manhattan federal court arose from IBM's announcement last Oct. 20 that it would sell the unit to GlobalFoundries Inc, and take a related $ 4.7 billion pre-tax charge. Warren Buffett's Berkshire Hathaway Inc is among IBM's largest shareholders. According to the complaint, IBM inflated its stock price before selling the semiconductor unit by carrying the unit's property, plant and equipment assets on its books at $ 2.4 billion, when it should have known the assets were worthless. Detail: IBM shareholder sues company, alleging it overvalued chip unit
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What would the Dow look like if it included Apple?

It may be by far the most valuable American company but Apple Inc still can't get into at least one exclusive club – the 30-member Dow Jones Industrial Average. It is, though, hurting those who tie their investments to the performance of the venerable Dow, which was first calculated in 1896 and is still probably the best-known stock index in the world. Since Apple split its shares seven-for-one last June 6, it's delivered investors a gain of more than 43 percent including dividend payments, and that has contributed almost one third of the Nasdaq 100's return of 18.6 percent, according to ETF.com. Had Apple been substituted for 29 of the 30 Dow components last June, the index would have been higher. Detail: What would the Dow look like if it included Apple?
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HP buys wireless networking company Aruba Networks - Times of India

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HP buys wireless networking company Aruba Networks Times of India SAN FRANCISCO: Hewlett-Packard is buying wireless networking company Aruba Networks for about $ 2.7 billion, in what amounts to HP's first major acquisition since its disastrous purchase of a British software company in 2011.: Aruba, based in Sunnyvale, ... HP to buy WiFi gear maker Aruba Networks for US$ 2.7bilThe Star Online HP Rides Aruba's Wave Into Contextual NetworkingForbes HP to buy Aruba NetworksBrisbane Times IBNLive -NDTV -BDlive all 369 news articles »

Detail: HP buys wireless networking company Aruba Networks - Times of India
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Volkswagen on track with efficiency program: CEO

Volkswagen is optimistic it will reach its cost saving targets, which should help the company to narrow the profit gap with international rivals. "We are on track with our efficiency program," ... Detail: Volkswagen on track with efficiency program: CEO
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HP buys wireless networking company Aruba Networks - Times of India

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HP buys wireless networking company Aruba Networks Times of India SAN FRANCISCO: Hewlett-Packard is buying wireless networking company Aruba Networks for about $ 2.7 billion, in what amounts to HP's first major acquisition since its disastrous purchase of a British software company in 2011.: Aruba, based in Sunnyvale, ... HP to buy WiFi gear maker Aruba Networks for US$ 2.7bilThe Star Online HP Rides Aruba's Wave Into Contextual NetworkingForbes HP to buy Aruba NetworksBrisbane Times IBNLive -NDTV -BDlive all 369 news articles »

Detail: HP buys wireless networking company Aruba Networks - Times of India
Read more... http://www.howcanigeteasymoney.com/hp-buys-wireless-networking-company-aruba-networks-times-of-india-6/

United Airlines sees potential fit for Boeing 777-300ER, not yet 777X

While Rainey has said the 777-300ER interests United, he noted Monday that the aircraft could be a quick fix in markets where United needs additional seats to satisfy demand so customers are not forced to book on United's competitors. United currently is considering whether to swap Boeing 787 Dreamliners it has on order for its first 777-300ER aircraft, which can fit more seats. The swap would be a victory for Boeing, which has long insisted it can sell the 100 777-300ERs it plans to produce annually before it shifts toward building the 777X, starting in 2017. Analysts have expressed concern that Boeing might have to cut prices or production as it makes this switch. Detail: United Airlines sees potential fit for Boeing 777-300ER, not yet 777X
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Connecticut launches probe into Lenovo use of Superfish software

The office said that Jepsen last week sent letters to Lenovo, the world's biggest personal computer maker, and privately held software maker Superfish asking them to provide information, including contracts and emails that discuss their partnership. Reports that the pre-loaded software tracks users' web searching and browsing for advertising purposes are "alarming revelations" that suggest Lenovo may have "seriously undermined computer users' online security and privacy," Jepsen said in his Feb. 27 letter to Lenovo. Detail: Connecticut launches probe into Lenovo use of Superfish software
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