GE Capital

Amazon Inks $600 Million Deal with CIA for Cloud Computing

Amazon has reportedly won a $600 million dollar, 10-year contract to supply cloud computing services to the CIA. The online retailer will help the spy agency build a private cloud infrastructure to keep up with emerging technologies.

GE Capital Buys Citigroup's Retail Loans

General Electric unit GE Capital announced Tuesday that it had acquired the retail finance portfolios from Citigroup's Retail Partner Cards to add $1.6 billion in managed assets. Financial terms of the deal were not disclosed, but GE Capital expects it will immediately add to earnings.

HP Close to Appointing New CEO

Hewlett-Packard will probably have a new CEO in under a week. The candidate will likely come from inside the company, which would almost certainly allow the board of directors to speed through the process.