IBM is already making money on its Watson super computer in areas like health care, but profitability is a long term project, Gina Rometty tells CNBC.» Read More
In three hours Monday on CNBC's "Squawk Box," Warren Buffett shared his insights on a range of market and financial topics.
OMAHA, Neb.— Investor Warren Buffett says he remains confident in IBM's future, and his Berkshire Hathaway added to its stake in the technology firm earlier this year. Buffett says he believes that IBM will be making more money ten years from now than it does today, and IBM is repurchasing its stock aggressively so Berkshire's share of the company's profits will...
OMAHA, Neb.— Investor Warren Buffett again defended Berkshire Hathaway's manufactured home unit Monday and praised some of his company's biggest investments. Over the weekend, he answered questions in front of more than 40,000 people at Berkshire Hathaway's annual meeting. Clayton's lending was questioned last month in a story by The Seattle Times and The...
Apparently taking advantage of a dip in IBM's stock price, Warren Buffett bought more shares, adding to Berkshire Hathaway's $13.4 billion stake.
OMAHA, Neb., May 1- Warren Buffett's Berkshire Hathaway Inc on Friday said first-quarter profit rose 10 percent, and operating results easily beat forecasts, boosted by its railroad and insurance businesses and gains from derivatives. Net income for the Omaha, Nebraska- based insurance and investment conglomerate rose to $5.16 billion, or $3,143 per share, from...
OMAHA, Neb., May 1- Warren Buffett's Berkshire Hathaway Inc on Friday said first-quarter profit rose 10 percent, and operating results easily beat forecasts, boosted by its railroad and insurance businesses and gains from derivatives. Net income rose to $5.16 billion, or $3,143 per share, from $4.71 billion, or $2,862, a year earlier. Quarterly operating profit...
Big changes are brewing at Berkshire Hathaway as shareholders gather for Warren Buffett's big weekend.
A group of companies in the S&P 500 has boosted dividend payments at an unusual rate.
*Apple and Celgene weigh on Nasdaq, S&P 500. April 30- Wall Street was lower in midday trading on Thursday as Apple weighed on major indexes and investors digested a mixed batch of economic data. Apple fell as much as 2.5 percent to $125.45 and was the biggest drag on the Dow, S&P 500 and the Nasdaq.
A flurry of trading activity erupted Thursday morning with the traders in Halftime Report Portfolio competition.
Microsoft's Satya Nadella has made some bold moves since taking over the software company last year. Buying Salesforce would be the boldest.
Some of Warren Buffett's biggest investment may be losing their "mojo."
Apple, IBM and Japanese insurance and bank holding company Japan Post have formed a partnership to improve the lives of elderly people in the country.
NEW YORK— Apple, IBM and Japanese insurance and bank holding company Japan Post have formed a partnership to improve the lives of elderly people in the country. Apple CEO Tim Cook, IBM CEO Ginni Rometty and Japan Post CEO Taizo Nishimuro announced the deal in New York on Thursday. Apple Inc. and IBM formed a partnership last year to create mobile apps for a broad...
NEW YORK, April 30- Warren Buffett has carved out a core stock-picking strategy of investing in companies with strong economic "moats," businesses that have built, fortified and generated success from well-known brands that make it difficult for them to succumb to competitive forces. Stalwarts like International Business Machines, Coca-Cola Inc, Procter&...
Apple Inc s fell $1.92 or 1.5 percent, to $128.64. Hewlett Packard Co. rose$. 08 or. 2 percent, to $33.32. International Business Machines Corp. rose$. 48 or. 3 percent, to $174.40.
Drop in iPad sales is due to competition with larger screened phones and wireless partners who offer lower end tablets. Re/code reports.
SAN FRANCISCO— Investors are betting that business software service company Salesforce.com will be sold, with Oracle Corp. emerging as the early favorite to pull off a deal that could cost about $50 billion. The speculation, spurred by a Bloomberg News report, lifted Salesforce's stock by $7.76, or more than 11 percent, to close Wednesday at $74.65.
Salesforce.com is a takeover target, according to a report from Bloomberg. If true, the list of potential buyers is awfully small.
Shares of Salesforce.com jumped on Wednesday amid reports that it is working with financial advisors to help with a potential takeover offer.