tech:

taffy

IBM Board Authorizes Additional $5B Stock Repurchase

[Techtaffy Newsdesk]

IBM’s board of directors have declared a regular quarterly cash dividend of 85 cents per common share, payable December 10, 2012 to stockholders of record November 9, 2012.

The board has also authorized $5 billion in additional funds for use in the company’s stock repurchase program. IBM said it will repurchase shares on the open market or in private transactions from time to time, depending on market conditions.

This amount is in addition to approximately $6.7 billion remaining at the end of September 2012 from a prior authorization. With this new authorization, IBM will have approximately $11.7 billion for its stock repurchase program. IBM expects to request additional share repurchase authorization at the April 2013 board meeting.

With the payment of the December 10 dividend, IBM will have paid consecutive quarterly dividends every year since 1916.

 

Also see:

TransUnion to acquire Neustar for $3.1B

TransUnion has signed a definitive agreement to acquire Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC.

Huvr raises $5M

Huvr, a cloud-based industrial asset management solution company, has raised $5 million.

American Express acquires fintech company Kabbage

American Express has entered into an agreement to acquire Kabbage, a financial technology company that provides cash flow management solutions to small businesses.

AP to equip visual journalists globally with Sony imaging products

Sony and The Associated Press (AP) have inked a collaboration that will make Sony the exclusive imaging products and support provider for AP news photographers and video journalists globally.

Equifax acquires Ansonia

Equifax has acquired Ansonia, a provider of business credit, collections, and account receivable data used by financial institutions, creditors, and businesses focused on the transportation and logistics industries.