IBM reported steady second quarter earnings today, with net income rising 9 percent compared to the second quarter of 2009, to $3.4 billion. Read more »

Today, IBM delivered its first Aquasar supercomputer, which is cooled by water, to a Swiss technology institute. The system needs 40% less energy to run than air-cooled machines, and the waste heat it produces can be used to warm buildings. Read more »

IBM is making another acquisition today, buying up computer security software company BigFix. Terms of the deal were not disclosed. Read more »

Yahoo this morning announced that it will start offering customer care services for future Arabic-language versions of its products, plus support in eight more languages: Spanish, German, French, Italian, Turkish, Polish, Romanian, and Russian. Read more »

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IBM is jumping into the web analytics software space with the acquisition of San Mateo, CA company Coremetrics. Read more »

Equitymaster submits:

Led by strong buying in stocks from the IT and oil & gas sectors, Indian markets closed strong in the red today. On the broader BSE, more than two stocks gained today for every one that closed in the negative. Indian markets were second only to Japan, which closed with gains of 1.8%. European markets have also opened in the positive.
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Green Chip Review submits:

First the Chinese took over the solar market, providing low-cost manufacturing, quick turnaround, and aggressive expansion. Read more »

The Financial Times has just published a survey of the world’s top global brands. The world’s three most valuable are Google (GOOG), IBM and Apple (AAPL). Read more »

Outsourcing Insider submits:

By Audrey B.

With the passage of the historic, although much maligned, Obama healthcare reform bill in the US, a new opportunity has opened up for outsourcing companies as hospitals and insurance providers will now be seeking ways of minimizing expenses.

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John Addison submits:

Clean Edge’s 2010 Clean Energy Trends forecasts growth for high-speed rail and renewables. Clean Edge included high-speed rail [HSR] for the first time in its annual Clean Energy Trends report, which tracks key developments in clean-energy markets. China is leading the surge in HSR according to Clean Edge:

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Sreeni Meka submits:

Patni Systems (PTI) incorporated on February 10, 1978 under the Indian Companies Act, registered at Pune, India and went public in 2003. Patni is one of the leading information technology service firms with multi-national operations, predominantly in North America. Patni provides comprehensive IT services through onsite and offshore delivery locations primarily in India. Read more »

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David Wolf submits:

Contemplating the irrational messiness of China's corporate landscape, investment bankers around the world must salivate in anticipation of the fees and bonuses that will be theirs when they finally convince China's ambitious business leaders that mergers and acquisitions are a viable growth strategy. Read more »

IBM has acquired Chicago-based software firm Initiate Systems. Initiate helps healthcare providers and other government organizations manage and organize data across various sources. Terms of the deal were not disclosed. Read more »