Marketplace®
Every story is an economic story
Oct 20, 2014

Marketplace for Monday October 20, 2014

IBM is paying someone $1.5 billion to buy its chipmaker division. Sometimes it’s more cost effective to pay someone to take a division off your hands than to wind it down yourself. Plus, The drop in oil prices looks like a sustained drop – which amounts to a 20 percent discount on one of the global economy’s chief drivers. This is a dramatic economic development with many potential consequences.   

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IBM is paying someone $1.5 billion to buy its chipmaker division. Sometimes it’s more cost effective to pay someone to take a division off your hands than to wind it down yourself. Plus, The drop in oil prices looks like a sustained drop – which amounts to a 20 percent discount on one of the global economy’s chief drivers. This is a dramatic economic development with many potential consequences.