International Business Machines Corp. (NYSE:IBM) is aggressively expanding its wings in the healthcare sector having reached an agreement for the purchase of Merge Healthcare Inc. (NASDAQ:MRGE) for $1 billion. The acquisition allows big blue to provide doctors with medical images that they can use to make diagnoses through its Watson artificial intelligence unit. Merge Healthcare joins IBM’s Watson Health platform that handles analyzes vast amount of medical data that helps medical professionals make informed decision in the process of improving treatment International Business Machines Corporation (NYSE:IBM) belongs to Technology sector. Its net profit margin is 13.00% and weekly performance is -3.45%. On last trading day company shares ended up $155.12. International Business Machines Corporation (NYSE:IBM) distance from 50-day simple moving average (SMA50) is -5.49%.
U.S. antitrust authorities have thrown a wrench into Citigroup Inc. (NYSE:C) plan to divest its subprime lending unit.Five months ago, Citigroup said it would sell the business, known as OneMain Financial, to Springleaf Holdings Inc. for $4.25 billion. The transaction would be a milestone in the New York company’s yearslong effort to get smaller in response to regulators’ criticism it is too sprawling to manage effectively.Citigroup Inc. (NYSE:C) shares fell -0.33% in last trading session and ended the day at $57.91. Its return on assets is 0.70%. Citigroup Inc. (NYSE:C) quarterly performance is 7.29%.
Fidus Investment Corp (NASDAQ:FDUS) posted its quarterly earnings data. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.01. On 07 August, Fidus Investment Corporation (NASDAQ:FDUS) shares fell -1.54% and was closed at $14.02. FDUS EPS growth in last 5 year was 1.89%. Fidus Investment Corporation (NASDAQ:FDUS) year to date (YTD) performance is -1.00%.
SandRidge Permian Trust (NYSE:PER) announced a quarterly distribution for the three-month period ended June 30, 2015 (which primarily relates to production attributable to the Trust’s interests from March 1, 2015 through May 31, 2015) of $16.7 million, or $0.423 per Common Unit. The Trust makes distributions on a quarterly basis approximately 60 days after the end of each quarter. The distribution is expected to occur on or before August 28, 2015 to holders of record as of the close of business on August 14, 2015. SandRidge Permian Trust (NYSE:PER) ended the last trading day at $7.07. Company weekly volatility is calculated as 3.57% and price to cash ratio as 77.34. SandRidge Permian Trust (NYSE:PER) showed a weekly performance of 0.14%.
Cisco Systems, Inc. (NASDAQ:CSCO) plans to launch new application bundles for channel partners to sell as the networking giant redirects its Intercloud focus on building end-user demand. The company is also actively recruiting brand-new partners as the company’s cloud vision enters its “next phase,”Nick Earle, senior vice president of global cloud and managed services, sales told CRN on Friday in an exclusive interview. Cisco Systems, Inc. (NASDAQ:CSCO) shares decreased -0.21% in last trading session and ended the day at $28.15. CSCO Gross Margin is 60.30% and its return on assets is 8.50%. Cisco Systems, Inc. (NASDAQ:CSCO) quarterly performance is -2.95%.