Symantec will sell its Veritas information management business for $8 billion in cash with plans to funnel proceeds back into its main line of work, cybersecurity, and to buy back shares, according to AP. The move was cheered by analysts who said the under-performing division was a drag on the company. But Symantec's stock tumbled more than 6 percent after the company reported revenue and earnings below estimates for the last quarter.
