On Friday, Shares of International Business Machines Corporation (NYSE:IBM), gained 0.88% to $172.51.
International Business Machines Corporation, and Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, declared a contract to bring IBM Watson to the Middle East and North Africa (MENA).
The companies will collaborate to deliver powerful Watson cloud-based cognitive computing to healthcare, retail, education, banking and finance organizations. The new joint venture will also create a broad regional ecosystem of partners, entrepreneurs, start-ups and app developers who will apply Watson in innovative ways throughout MENA.
Watson represents a new era in computing in which systems are able to interact in natural language, analyze large volumes of unstructured data, respond to complex questions with evidence-based answers, and discover new actionable patterns and insights.
International Business Machines Corporation provides information technology (IT) products and services worldwide. The company’s Global Technology Services segment provides IT infrastructure and business process services, such as outsourcing, processing, integrated technology, cloud, and technology support.
Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR), declined -5.47% to $7.95, during its last trading session, as Brent crude oil rose slightly on Friday, underpinned by a weaker dollar and a power outage at Britain’s largest oilfield, though a supply glut kept prices pinned near $57 per barrel.
Oil prices edged lower on Monday as data showed Saudi Arabian exports fell to the lowest in five months despite record output, while a resurgence in US drilling activity seen earlier this month seemed to fizzle out.
Brent September crude was 12 cents lower at $56.98 a barrel by 0316 GMT. The benchmark had fallen nearly 3 per cent last week and more than 10 per cent for the month.
Petróleo Brasileiro S.A. Petrobras operates as an integrated energy company in Brazil and internationally. Its Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of crude oil and oil products produced at natural gas processing plants in domestic and foreign markets.
Finally, BB&T Corporation (NYSE:BBT), ended its last trade with -1.68% loss, and closed at $40.85.
BB&T Corporation, released the results of its company-run mid-cycle stress test conducted in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act.
BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. It operates in six segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services.
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