Some stocks on investors' watch list this morning.
IBM (IBM) will invest $1 billion over the next five years to develop new storage software to help customers manage massive amounts of information stored in data centers and on the cloud. IBM has been rolling out new technology products focused on the cloud to help reverse 11 quarters of declining sales.
A couple of companies announcing changes in the executive suite.
Starwood Hotels & Resorts (HOT) shares were higher before the bell. The owner of Westin and Sheraton hotels said its President and CEO Frits van Paasschen is resigning by mutual agreement. This comes after the company announced last week it would spin off its timeshare business into a separate publicly traded company.
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Transocean (RIG) shares traded slightly higher ahead of the open. The oil rigger's Chief Executive Steven Newman abruptly stepped down over the weekend after five years at the helm. The company is also slashing its dividend by 80% to $0.60 per share. As of Friday's close, shares of Transocean are down more than 55% over the past year.
Apple (APPL) shares flirting with a new high in early trading after setting several records last week Various reports now confirm the tech giant is working on building an electric car. The Wall Street Journal is reporting the project is code-named “Titan” and the vehicle resembles a minivan.
