Google, IBM results raise questions about other tech-sector companies
SAN FRANCISCO (Reuters) – Disappointing results from Google Inc and IBM may unnerve investors shaken by a strong recent selloff in tech stocks, underscoring the challenges the Internet and IT sectors face as corporate report cards come due in coming we…
Home Depot puts a lid on new-store openings: WSJ
(Reuters) – Home Depot Inc is putting a lid on new-store openings and focusing its expansion efforts on e-commerce, which presents some logistical challenges for a retailer that sells a lot of bulky materials, the Wall Street Journal reported.
Citi received mixed signals from the Fed on ‘stress test’: WSJ
(Reuters) – The Federal Reserve indicated to Citigroup Inc that the bank would get more time to fix certain “stress test” planning problems before rejecting its capital plan last month, the Wall Street Journal reported, citing people close to the compa…
Argentina’s fight with bondholders reaches U.S. top court
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday wades into Argentina’s multi-billion dollar legal fight with bond investors who turned down two debt restructuring offers after the country’s 2002 default.
IBM’s quarterly revenue sinks to 5-year low as hardware sales fall
(Reuters) – IBM Corp, the world’s biggest technology services company, reported its lowest quarterly revenue in five years on Wednesday, as Big Blue struggles with falling demand for its hardware and faces challenges in growth markets like China.
GM to seek court protection against ignition lawsuits
(Reuters) – General Motors Co said it would ask a U.S. court to bar lawsuits related to actions before its 2009 bankruptcy, signaling a tougher stance toward legal claims stemming from its recent recall over faulty ignition switches.
Google misses revenue target, ad prices slide
SAN FRANCISCO (Reuters) – Google Inc’s first-quarter revenue fell short of Wall Street targets and margins narrowed as the price of its ads continued to decline, underscoring the challenges Internet companies face as the world shifts toward mobile devi…
Bank of America’s financial crisis costs become a recurring nightmare
(Reuters) – Bank of America Corp’s financial crisis hangover is lasting longer than expected, leading some investors to wonder if the massive litigation expenses being incurred have become a recurring cost of doing business instead of being dismissed a…
Jeep exec says will have deal for China production by end April
(Reuters) – Fiat Chrysler Automobiles will announce an agreement by the end of April to allow production of Jeep models in China, the head of the Jeep brand, Mike Manley, said on Wednesday.
IBM’s quarterly revenue sinks to 5-year low as hardware sales fall
(Reuters) – IBM Corp reported its lowest quarterly revenue in five years on Wednesday as the company struggles with falling demand for its storage and server products.
