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International Business Machines Corp

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  • US STOCKS-Futures lower as weak IBM earnings weigh Monday, 20 Oct 2014 | 8:04 AM ET

    *IBM slumps after quarterly results. NEW YORK, Oct 20- U.S. stock index futures were lower on Monday, on the heels of a fourth week of losses for the benchmark S&P 500, as quarterly results from IBM disappointed. IBM shares slumped 7 percent to $169.24 as the most actively traded stock on the New York Stock Exchange in premarket after the company's third-quarter...

  • Oct 20- International Business Machines Corp reported a 4 percent drop in quarterly revenue as client activity slowed in September, sending its shares down sharply in premarket trade. IBM's shares were down 7.3 percent at $168.73. IBM will pay Silicon Valley- based Globalfoundries $1.5 billion in cash over the next three years to take the chip operations off...

  • US STOCKS-Futures fall after weak IBM earnings Monday, 20 Oct 2014 | 7:49 AM ET

    *IBM slumps after quarterly results. NEW YORK, Oct 20- U.S. stock index futures were lower on Monday, following a fourth week of losses for the benchmark S&P, as quarterly results from IBM disappointed. *IBM shares slumped 7.7 percent to $168.10 in premarket trade after the company's third-quarter earnings fell well short of Wall Street expectations.

  • The MSCI world equity index, which tracks shares in 45 countries, was up 0.3 percent by 1030 GMT, having fallen about 10 percent in four weeks to last week's lows. "U.S. macro data is reassuring, the earnings season has been quite good so far, and we're getting positive news such as Japan's big pension fund boosting its exposure to equities." Japan's $1.2 trillion...

  • IBM posts 4 pct drop in quarterly revenue Monday, 20 Oct 2014 | 7:18 AM ET

    Oct 20- International Business Machines Corp reported a 4 percent drop in quarterly revenue, hurt by weak sales in its software and services businesses. Total revenue fell to $22.4 billion in the third quarter ended Sept. 30 from $23.4 billion a year earlier. The world's largest technology services company's net profit from continuing operations fell to $3.46...

  • *Sees 5.6- 5.8 billion euro operating profit in 2014. FRANKFURT, Oct 20- 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. SAP said it now expects 2014 operating profit, excluding some special items, of 5.6...

  • IBM misses Street 3Q forecasts Monday, 20 Oct 2014 | 7:15 AM ET

    ARMONK, N.Y.— International Business Machines Corp. on Monday reported third-quarter net income of $18 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $4.30 per share. IBM shares have dropped almost 3 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 2 percent.

  • Shumlin: IBM plant to stay in Vermont under sale Monday, 20 Oct 2014 | 7:05 AM ET

    Peter Shumlin says IBM's electronics plant in Essex Junction is expected to keep operating in the state as IBM plans to sell its semiconductor production business to GlobalFoundries. As part of the $1.5 billion deal announced Monday, GlobalFoundries, a chip manufacturing company, is getting IBM's plants in Essex Junction and in in East Fishkill, New York.

  • IBM to pay $1.5B to offload loss-making chip arm Monday, 20 Oct 2014 | 6:37 AM ET
    A sign marks the entrance to IBM Corporate Headquarters in Armonk, New York.

    IBM is selling its loss-making semiconductor unit to contract-chipmaker Globalfoundries, the companies announced on Monday.

  • IBM to pay $1.5B to shed its costly chip division Monday, 20 Oct 2014 | 6:29 AM ET

    NEW YORK— IBM will pay $1.5 billion to Globalfoundries in order to shed its costly chip division. It also gets IBM's semiconductor manufacturing operations and plants in East Fishkill, New York and Essex Junction, Vermont, as well as access to thousands of patents and IBM's commercial microelectronics business. Globalfoundries said that it plans to employ...

  • IBM to pay $1.5B to offload chip arm: WSJ Monday, 20 Oct 2014 | 1:32 AM ET
  • Oct 19- IBM Corp has agreed to hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc, the Wall Street Journal reported, citing people familiar with the matter. IBM will pay Globalfoundries $1.5 billion to take the chip operations off its hands, WSJ said. IBM issued an advisory on Sunday saying it would make a "major business...

  • Why earnings may signal business as usual this week Sunday, 19 Oct 2014 | 5:01 PM ET
    Traders on the floor of the New York Stock Exchange.

    They've taken a backseat thus far—but corporate results will likely soak up the bulk of investors' attention in the weak ahead.

  • Earnings top the list of what could rock the market Friday, 17 Oct 2014 | 7:16 PM ET
    Traders work on the floor of the New York Stock Exchange, Oct. 17, 2014.

    After the most turbulent market week in years, some strategists are ready to call the all clear. But others say stocks could test the lows of the past week.

  • Apple, IBM, Yahoo! How to play tech earnings Friday, 17 Oct 2014 | 7:13 PM ET
    Apple store in New York.

    The "Fast Money" traders shared their playbooks for tech earnings next week.

  • Cramer: Tune in for the most vital earnings week Friday, 17 Oct 2014 | 6:14 PM ET

    Jim Cramer said next week is the most important week of the year for earnings. Find out what stocks he will be focused on.

  • Final Glance: Computer companies Friday, 17 Oct 2014 | 6:03 PM ET

    Apple Inc s rose $1.41 or 1.5 percent, to $97.67. Hewlett Packard Co. rose$. 16 or. 5 percent, to $34.16. International Business Machines Corp. rose $2.21 or 1.2 percent, to $182.05.

  • Stocks set to rally in Q4: Short-only fund manager Friday, 17 Oct 2014 | 2:48 PM ET
    Traders on the floor of the New York Stock Exchange, October 15, 2014.

    "I think short term, we deserve a bounce," short-only portfolio manager Brad Lamensdorf says.

  • Midday Glance: Computer companies Friday, 17 Oct 2014 | 1:21 PM ET

    Apple Inc s rose $1.90 or 2.0 percent, to $98.16. Hewlett Packard Co. rose$. 11 or. 3 percent, to $34.11. International Business Machines Corp. rose $2.90 or 1.6 percent, to $182.74.

  • Early Glance: Computer companies Friday, 17 Oct 2014 | 10:39 AM ET

    Apple Inc s rose $1.11 or 1.2 percent, to $97.37. Hewlett Packard Co. rose$. 05 or. 1 percent, to $34.05. International Business Machines Corp. rose$. 79 or. 4 percent, to $180.63.