IBM has suffered from drop in revenue for several quarters and the company's second-quarter profit forecast was not in line with the analysts' projections.
The Armonk, New York based company has made an effort for years to boost its sales figure as vendor of cloud products and technology using artificial intelligence but that does not seem to be nearing anytime soon.
Citigroup Inc. reported profits in the first quarter that surpassed analysts' estimates. It joins its other U. S. rivals in cutting costs which was greater than anticipated even among the trading slump and sluggishness in deal makings.
According to a new study, long term vegetarianism can lead to genetic mutations that result in higher risks of diseases like cancer and heart diseases.
This year, Keurig Green Mountain Inc. was taken private by an investor group led by JAB Holding Co. On ednesday, the company named Bob Gamgort, the CEO of Pinnacle Foods Inc. as its new Chief Executive Officer.
U.S Senator Chuck Schumer Wants Telecom Companies to Provide robocall-Blocking Technology to Customers
U.S. Senator, Chuck Schumer wants the telecom companies to make robocall-blocking technology to be available to all consumers. According to Schumer, these unwanted calls, which trouble the customers more than often, are something more than obnoxious - they're downright criminal.
Time Inc., the ninety four year old publisher has made several acquisitions in last one year including HelloGiggles and xoJane and now it's set to make another digital addition with Viant Technology. Viant is the parent of the social network Myspace which is about twelve years old and also owns Specific Media, Vindico, and Xumo.
On Monday, 21st Century Fox Inc., one of the most well known cable, broadcast, film, pay TV company, lowered its full year earnings guidance saying that the reason behind it was a lineup of disappointing films and a bigger than expected thump that the company faced due to fluctuations in foreign currencies.
The dollar fell considerable as the US economy signaled at a slow growth. It dropped the most since the time when seven years back, the Federal Reserve made an announcement of staring its Treasury bond buying program.
Uber makes news often, this time it did with its fare cuts. Uber drivers did not welcome the trimming in price and gathered on Monday to protest the move at the New York City headquarters. Their demands are either the company restores the prices or should be ready to face a backlash.
On Sunday, federal and New York state officials said that Barclays Plc and Credit Suisse Group AG have agreed to fines to settle allegations by U.S. Securities and Exchange Commission and the New York state authorities that the banks misled the investors regarding secured ways to manage their money on private trading platforms.
A few words from a celebrity can do so much to the company shares, especially when it comes from the mouth of the media mogul Oprah Winfrey herself.
Soon the phone can be used as an alternative for the ATM card as it seems that devices are getting smarter fast.
Last week, JPMorgan announced annual profits that that touched a record level and the company said on Thursday, that Jamie Dimon its CEO was paid $27 million in fiscal 2015 which is an increase from the $20 million paid the year before. JPMorgan's perked up results was attributed to cost-cutting. It helped to balance the slowing growth in revenue.
Viacom Inc., the New York based global mass media company said that its Executive Chairman Sumner Redstone's compensation dropped eighty five percent in fiscal 2015. The company's shares are facing a tough time over the health issues of the ailing mogul.
IBM's 2016 profit forecast and the fourth-quarter revenue reflects that the company is still struggling to balance its shift to new technologies and has not been able to cope completely with the drop in demand for its conventional hardware, software and IT business.
On Thursday, Goldman Sachs Group, the bank based in New York City said it has reached a close to $5.1 billion tentative settlement for a U. S. probe against the investment banks way of handling mortgage-backed securities prior to the national financial crisis.
General Electric, the American multinational conglomerate corporation is well known for the large things that it produces including locomotives, gas turbines and jet engines.
The job market is getting better in the United States.
Last week, the number of people filing for jobless benefits in the US dropped and there were less number of layoffs in the last month of the year.