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Super PAC Men: How political consultants took a Fort Worth oilman on a wild ride

The head of a Texas oil dynasty joined the parade of wealthy political donors, aiming to flip the Senate to Republicans. By the time consultants were done with him, the war chest was drained and fraud allegations were flying

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Bridge collapse on I-35 north of Austin

SALADO, Texas (AP) — Emergency crews are responding to a reported bridge collapse along an interstate in Central Texas.

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Amazon begins Prime Now program in Dallas area

If you just have to have it now, as in one hour, you can, at least in the Dallas area, as Amazon.com Inc. announced Thursday it will offer Prime Now.

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Latin-inspired restaurant set to open in downtown Fort Worth

Downtown Fort Worth’s dining scene is about to get spicier with the opening of a new restaurant featuring Latin-inspired coastal cuisine.

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Texas jobless rate falls as employers add workers

Texas unemployment fell to 4.3 percent during February for the sixth straight month of declines, the Texas Workforce Commission reported Friday.

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IBM buying Dallas-based cloud computing company SoftLayer

 

ARMONK, N.Y. (AP) — IBM is buying cloud computing company SoftLayer Technologies Inc. to expand its online software business.

Financial terms were not disclosed Tuesday.

SoftLayer is a privately held company based in Dallas with 13 data centers in the U.S., Asia and Europe.

Software stored and accessed on the Internet is increasingly popular with businesses because it lets workers in from any Internet-connected device. IBM Corp. started its cloud business in 2007 and has spent $4.5 billion on cloud-related acquisitions in the past five years, according to spokeswoman Colleen Haikes. The Armonk, N.Y., company anticipates hitting $7 billion annually in cloud revenue by the end of 2015.

The acquisition is expected to close in the third quarter. Once the transaction is completed, SoftLayer and IBM's existing SmartCloud unit will be combined in a Cloud Services division under the charge of Erich Clementi, a senior vice president at IBM.

Shares of IBM fell 71 cents to $208.24 in morning trading.


 

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