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Microsoft’s CEO Steve Ballmer Sold Shares Worth $1.3bn

Steve Ballmer, the Chief Executive of Microsoft Corp, has just sold about 12 per cent of the shares he owned in the company for $1.3bn. Mr. Ballmer stated that this…

GM’s $13bn IPO Re-pay to Reduce Taxpayers’ Headache

General Motors is finalizing the process of raising $13 billion to re-pay government funds that had made it a taxpayer owned company. According to documents filed with the Securities and…

New Mainframe Computer Strengthens IBM

International Business Machines (IBM) experienced a rise in its shares’ value when a new mainframe computer was introduced. The company’s expenditure could also have contributed to this increase. According to…