In a still further move into services, IBM (IBM +1%) plans a financing business in China that...

In a still further move into services, IBM (IBM +1%) plans a financing business in China that will bring "hundreds of millions of dollars" as soon as this year. Its first client? AMD (NASDAQ:AMD), who will use IBM for factoring - upfront payment of accounts receivable that can take up to four months to collect - an area where IBM is already strong worldwide.