66 posts and columns on investments
IBM said today that its board of directors has approved an additional $5 billion in share buybacks and a 12 percent hike in its quarterly dividend. The new dividend will be 95 cents a share. It’s the 18th year in a row that IBM has increased its quarterly dividend, and it has been paying one consistently since 1916. The move follows a quarterly earnings report that fell short of expectations.
Soldsie, a Facebook-based e-commerce startup that allows users to make purchases from within Facebook comments, has raised $1 million in seed funds, the company announced Wednesday. Participating in the round were 500 Startups, e.ventures and FundersClub, along with former Facebook employees Yun-Fang Juan and Jonathan Ehrlich and others.
News Byte$53 million investment in SR Labs, a company that builds high-performance electronic trading platforms. Founded in 2007, SR Labs serves clients that include hedge funds and investment banks, including Credit Suisse and J.P. Morgan. Its specialty is data gathering and trade execution. Deven Parekh, managing director at Insight, and Martin Angert, a principal at the firm, will join SR Labs’ board of directors as part of the deal.
News Bytefiled a lawsuit against the firm, alleging gender discrimination. Kleiner has said the allegations are without merit.