IBM ditches 2015 operating EPS target, shares slump 7 percent
(Reuters) – International Business Machines Corp reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue.
U.S. stocks end higher despite drag from IBM
NEW YORK (Reuters) – U.S. stocks ended higher on Monday on investor hopes for a strong earnings season, but IBM’s disappointing results limited gains.
Toyota recalls 247,000 vehicles in U.S. over Takata air bags
DETROIT (Reuters) – Toyota Motor Corp recalled 247,000 cars, SUVs and pickup trucks in the United States on Monday because of potentially defective front passenger air bag inflators from Japan’s Takata Corp that can rupture and spray metal shrapnel, ac…
UPS says U.S. rates to rise 4.9 percent as of December 29
CHICAGO (Reuters) – Package delivery company United Parcel Service Inc said on Monday that rates for its services within and between the United States, Canada and Puerto Rico will rise by an average of 4.9 percent as of the end of the year.
U.S. risks trade sanctions in WTO meat label dispute
GENEVA/WASHINGTON (Reuters) – The United States faces potential trade sanctions from Canada and Mexico after the World Trade Organization ruled on Monday it had failed to bring its meat labeling regulations fully in line with international fair trading…
Top Allergan holder Paulson urges deal with Shire: sources
(Reuters) – Allergan Inc shareholder Paulson & Co is urging the Botox maker to merge with specialty pharmaceutical company Shire Plc as an alternative to a deal with hostile bidder Valeant Pharmaceuticals International Inc , according to two people familiar with the matter.
SunEdison shares rise on report of Einhorn recommendation
NEW YORK (Reuters) – SunEdison Inc’s shares shot higher on Monday and its options activity spiked up following a report that Greenlight Capital Inc’s David Einhorn recommended the stock at a closed-door investor conference in New York on Monday.
Valeant says may raise Allergan bid; beats on profit
(Reuters) – Valeant Pharmaceuticals International Inc VRX.TO VRX.N said on Monday that it may raise its bid for Botox maker Allergan Inc AGN.N after the Canadian company posted a better-than-expected quarterly profit.
Faster ‘cloud’ orders for SAP hurt 2014 profit outlook
FRANKFURT (Reuters) – German software maker SAP cut its 2014 operating profit forecast on Monday as customers shifted faster than expected to products delivered over the Internet, delaying when those orders can be booked as sales.
Deaths linked to GM ignition-switch defect rise to 29
DETROIT (Reuters) – A program to compensate victims of a faulty ignition switch in General Motors Co vehicles has approved two new death claims, bringing the total number of deaths linked so far to the switch to 29, according to a report released on Mo…
