Earnings news will take center stage Wednesday after another day of strong stock market gains cemented the view that the worst is over.» Read More
BERLIN— Germany's biggest airline, Lufthansa, says it plans to sell its information technology infrastructure division to IBM as part of a deal aimed at reducing the company's IT costs. Lufthansa said Wednesday that it expects to cut costs by about 70 million euros per year under the proposed deal, which will see the airline outsource all its IT infrastructure...
Oct 21- Software maker VMware Inc forecast current-quarter revenue largely below Wall Street's estimates due to a delay in the closing of a large U.S. government deal and lower bookings in Germany, Russia and Japan in the third quarter. VMware, which activist investor Elliott Management Corp wants separated from parent EMC Corp, makes software that creates a...
NEW YORK— A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. Century Communities: Approximately 1,007,200 shares changed hands, a 830.3 percent increase over its 65- day average volume. The shares rose$. 66 or 3.9 percent to $17.66.
Apple Inc s rose $2.71 or 2.7 percent, to $102.47. Hewlett Packard Co. rose$. 92 or 2.7 percent, to $34.74. International Business Machines Corp. fell $5.87 or 3.5 percent, to $163.23.
Coca Cola Co and McDonald's Corp on Tuesday became the latest multinationals to get sideswiped by the surging U.S. currency, which typically crimps demand for U.S. exports and reduces the value of overseas sales when they are translated back into U.S. dollars. McDonald's forecast currency to cut fourth-quarter earnings per share by 5 cents to 6 cents, after...
Oct 21- VMware Inc, bucking the trend of weak results from other software makers, reported a better-than-expected quarterly adjusted profit, helped by demand for its software that helps store data more efficiently and cut IT costs. VMware's shares were down 1.5 percent in after-market trade. Excluding items, VMware earned 87 cents per share in the third quarter...
Stocks staged a steady rally as Ebola fears ebbed and oil prices stabilized. Expectations the Fed will stay dovish helped too.
As Coke and McDonald's earnings disappointed investors, millennial retail expert Ilana Stern explains what's to blame and what needs to be done.
Oct 21- IBM's woes are interesting not simply because they tell us about the economy, but because they reveal broader truths about how, and for whom, companies are run. IBM kicked its 2015 operating earnings goal off the back of the truck on Monday, blaming an outright fall in third-quarter revenues on a sudden downturn in client spending. "We saw a marked slowdown in...
Greenwich Wealth Management's Vahan Janjigian said he believes both large-cap names can overcome the problems now plaguing them.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Bank of America Corp. rose 1.4 percent to $16.48 with 43,696,500 shares traded. Coca-Cola Co. fell 6.1 percent to $40.67 with 33,182,900 shares traded.
Apple Inc s rose $2.26 or 2.3 percent, to $102.02. Hewlett Packard Co. rose$. 59 or 1.7 percent, to $34.41. International Business Machines Corp. fell $6.84 or 4.0 percent, to $162.26.
Apple Inc s rose $2.09 or 2.1 percent, to $101.85. Hewlett Packard Co. rose$. 51 or 1.5 percent, to $34.33. International Business Machines Corp. fell $5.17 or 3.1 percent, to $163.93.
*Apple rallies, lifting S&P 500 and Nasdaq. NEW YORK, Oct 21- U.S. stocks rallied on Tuesday, with the S&P 500 on track for a fourth straight session of gains as Apple and Texas Instruments jumped following their results. Apple Inc rose 2.4 percent to $102.20 in heavy trading a day after revenue topped expectations, helped by strong sales of its iPhone line.
These stocks were the poster children for buy-and-hold investing but, with the latest numbers, that reasoning comes into question.
After IBM announced it is "reshaping" the company, Walter Isaacson, author of "The Innovators," discusses what's next for Big Blue and if it's too late to reinvent themselves.
NEW YORK, Oct 21- U.S. stocks rose on Tuesday, with the S&P 500 on track for a fourth straight session of gains as Apple and Texas Instruments rallied after their results. Apple Inc rose 2.3 percent to $102 in heavy trading a day after revenue topped expectations, helped by strong sales of its iPhone line. Any fund manager who is underweight on Apple is probably...
Spare a thought for Warren Buffett, whose portfolio is not doing him any favors this week.
NEW YORK, Oct 21- U.S. stock index futures pointed to a higher open on Tuesday, with the S&P 500 on track for a fourth straight session of gains, as Apple and Texas Instruments rallied after their results. Apple Inc rose 2.7 percent to $102.43 in heavy premarket trading a day after it reported revenue that topped expectations, helped by strong sales of its iPhone line.
UBS' Steve Milunovich shares his thoughts on Apple's outlook after a blow-out quarter. The wearables could become a large category, says Milunovich.