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Buffett’s firm buys about $10.7B in IBM shares

Investor Warren Buffett says his company bought about $10.7 billion of IBM stock this year, giving it a stake of more than 5 percent stake in the technology company. Buffett revealed the investment during an interview on CNBC on Monday. Buffett’s company, Berkshire Hathaway Inc., will file a full quarterly update on its U.S. stock… Continue Reading Buffett’s firm buys about $10.7B in IBM shares

IBM putting Watson to work in health insurance

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Enough with the fun and games. Watson is going to work. IBM’s supercomputer system, best known for trouncing the world’s best “Jeopardy!” players on TV, is being tapped by one of the nation’s largest health insurers to help diagnose medical problems and authorize treatments. WellPoint Inc., which has 34.2 million members, will integrate Watson’s lightning… Continue Reading IBM putting Watson to work in health insurance

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IBM buying Netezza for about $1.7 billion

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IBM said Monday it has agreed to pay $1.7 billion for Netezza Corp., a company that helps businesses sort through data on corporate servers. Netezza’s software and hardware systems are designed to help companies use data about their businesses to make strategic decisions. The personnel department of a company, for instance, could use tools provided… Continue Reading IBM buying Netezza for about $1.7 billion

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