International Business Machines Corp. , the world’s biggest provider of computer services, is being investigated by the European Union over claims it abused its dominant position in the market for mainframe computers.
International Business Machines Corp. offered to resolve a European Union investigation into claims the company blocked competition from rival providers of maintenance services for mainframe computers.
Wall Street banks setting up bond sales for U.S. states and cities would be required to tell public officials about potentially costly risks and conflicts of interest in the deals under proposed rules.
BMC Software Inc. agreed to be taken private in a $6.9 billion deal by Bain Capital LLC and Golden Gate Capital after struggling to compete with newcomers better equipped to handle the shift toward cloud computing.
Liren Ji was a 22-year-old college graduate with a degree in mechanical engineering when he moved to the U.S. for advanced study in 1984, shortly after China reopened to the world. He credits his parents for his intellectual curiosity. During the Cultural Revolution, his mother and father, both engineers, were sent from Beijing to the countryside for reeducation through labor. They refused to let tough times extinguish their passion for discovery.