El Paso has units engaged in transmitting, gathering and processing natural gas and marketing natural gas and power. EMC and IBM said the agreement is likely to include in the future other IBM technologies. The buyback, which will take place over an unspecified time, represents about 1.7 percent of Viacom's outstanding stock.
Companies use buybacks to increase earnings per share by reducing shares outstanding.
GOP senators want to cut company fees Republican senators want to help companies by cutting the fees they pay the Securities and Exchange Commission, most of which end up in the government's general coffers. SEC Chairman Arthur Levitt on Wednesday endorsed the idea. Inc.'s debut on the Nasdaq Stock Market indicates that the appetite for Internet stocks is far from sated. The yield was 4.995 percent, down from 5.009 percent at the last auction on Feb. 24. The delinquency rate on consumer loans and credit cards rose during the final three months of last year, as Americans' confidence in the economy and appetite for borrowing increased.