News Summary (IBM, NZ, DFS, HD, LOW, LEN)

IBM

has agreed to buy Netezza Corp

for about $1.7 billion or $27 per share, representing an 85% premium to its 3-month trading average of $14.54. IBM is looking to increase its business analytics products for sales, marketing and product development. The company is expecting the deal to close in the fourth quarter. NZ's shares surged about 12% following the news. US Financial stocks moved up, driven by the quarterly results of Discover Financial Services

, along with some deal announcements in the wider market. The Financial Select Sector SPDR Fund (

) rose about 0.34%. Shares of Discover shares gained more than 3% after the company reported robust profit for the latest quarter. Retail stocks rose Home Depot Inc

and Lowe's Cos

among the top gainers. Lennar Corp

swung to a better-than-expected profit today. The S&P Retail Index (RLX) moved up about 0.07%. Shares of LEN rose more than 5% after the results. Read more