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International Business Machines Corp

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  • After setting iPhone record, what does Apple do next? Wednesday, 28 Jan 2015 | 3:05 AM ET

    SAN FRANCISCO— Apple CEO Tim Cook says consumer demand for new iPhones has been "staggering" and "hard to comprehend." But after selling a record 74.5 million iPhones in three months that ended in December, what can Apple do next? Some analysts worry that Apple depends too much on the iPhone, which contributes two-thirds of its sizable revenue— leaving the company...

  • NEW YORK, Jan 28- President Barack Obama's plan to put the United States at the forefront of individually tailored medical treatment should give a much-needed boost to research in the field but experts say it won't work without reforms to healthcare, including drug testing and insurance. Obama said he wanted the United States to "lead a new era of medicine, one...

  • Jan 27- Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history. Apple's cash pile is now $178 billion, enough to buy IBM or the equivalent to $556 for every American.

  • Final Glance: Computer companies Tuesday, 27 Jan 2015 | 6:08 PM ET

    Apple Inc s fell $3.96 or 3.5 percent, to $109.14. Hewlett Packard Co. fell $1.48 or 3.8 percent, to $37.36. International Business Machines Corp. fell $2.69 or 1.7 percent, to $153.67.

  • *Apple, P&G, Stryker also see headwinds. NEW YORK, Jan 27- A slew of U.S. multinational companies, from DuPont to Procter& Gamble, showed that a strong U.S. dollar hurt their earnings, and several blue-chip exporters said the situation will get worse if the greenback holds its strength. The pain is hitting multiple sectors, including industrial companies such as 3 M Co,...

  • *Apple CFO says sold more iphones in the U.S. than China in fiscal Q1. *Apple CFO says "feels good about position" in China despite slowing economic growth. *Apple CFO says iphone sales doubled in China, Singapore, Brazil in fiscal Q1.

  • Record iPhone sales drive blowout quarter for Apple Tuesday, 27 Jan 2015 | 4:34 PM ET

    SAN FRANCISCO— Apple had another blowout quarter thanks to its new plus-sized iPhones, which helped the company smash sales records for the holiday season. Apple said Tuesday that it sold 74.5 million iPhones during the three months that ended Dec. 31, beating analysts' expectations for the latest models of Apple's most popular gadget, introduced in September.

  • *Apple also at risk; Microsoft shares plummet on currency concern. NEW YORK, Jan 27- A slew of U.S. multinational companies from DuPont to Microsoft Corp showed that a strong U.S. dollar is hammering their earnings, with several blue chip exporters predicting the situation will get worse if the greenback holds its strength. The pain is hitting multiple sectors...

  • Midday Glance: Computer companies Tuesday, 27 Jan 2015 | 1:36 PM ET

    Apple Inc s fell $1.84 or 1.6 percent, to $111.26. Hewlett Packard Co. fell $1.70 or 4.4 percent, to $37.14. International Business Machines Corp. fell $2.59 or 1.7 percent, to $153.77.

  • Multinational earnings hit hard by strong dollar Tuesday, 27 Jan 2015 | 10:31 AM ET

    The impact has crossed sectors, ranging from industrials to technology, affecting companies that garner a large portion of their sales from outside the United States. United Technologies, which gets about 62 percent of its sales from outside the United States, cut its 2015 full-year outlook due to the negative impact from the stronger dollar, sending its...

  • Early Glance: Computer companies Tuesday, 27 Jan 2015 | 10:25 AM ET

    Apple Inc s fell $2.10 or 1.9 percent, to $111.00. Hewlett Packard Co. fell $1.89 or 4.9 percent, to $36.95. International Business Machines Corp. fell $2.47 or 1.6 percent, to $153.89.

  • Final Glance: Computer companies Monday, 26 Jan 2015 | 6:04 PM ET

    Apple Inc s rose$. 12 or. 1 percent, to $113.10. Hewlett Packard Co. fell $1.24 or 3.1 percent, to $38.84. International Business Machines Corp. rose$. 49 or. 3 percent, to $156.36.

  • Midday Glance: Computer companies Monday, 26 Jan 2015 | 1:53 PM ET

    Apple Inc s rose$. 51 or. 5 percent, to $113.49. Hewlett Packard Co. fell $1.23 or 3.1 percent, to $38.85. International Business Machines Corp. rose$. 79 or. 5 percent, to $156.66.

  • IBM "flatly denies" report of mass layoffs Monday, 26 Jan 2015 | 12:35 PM ET

    SAN FRANCISCO— Calling it "ridiculous" and "baseless," IBM on Monday dismissed a report that said the technology giant plans to lay off 1 in 4 of its workers, or 100,000 people. The company "flatly denies" the Forbes report, IBM spokesman Ian Colley said in a phone interview. IBM previously has announced layoffs affecting "several thousand people," only "a small fraction" of...

  • Early Glance: Computer companies Monday, 26 Jan 2015 | 12:16 PM ET

    Apple Inc s rose$. 75 or. 7 percent, to $113.73. Hewlett Packard Co. fell $1.03 or 2.6 percent, to $39.05. International Business Machines Corp. rose $3.15 or 2.0 percent, to $159.02.

  • Jan 26- IBM dismissed on Monday a Forbes magazine report claiming the technology firm is preparing to cut about 26 percent of its workforce. IBM is in the process of layoffs, as disclosed in its latest earnings report last week, but they will affect "several thousand" employees only, according to an emailed statement from IBM to Reuters. A report last Thursday on...

  • Motorola unveils 3 smart phones for return to China Monday, 26 Jan 2015 | 5:34 AM ET

    BEIJING— Motorola unveiled three smartphone models on Monday for its return to China following a two-year absence from the most populous mobile phone market. Motorola was a mobile phone pioneer in China but pulled out in 2013 after its acquisition by Google Inc. Computer maker Lenovo Group bought Motorola last year as part of its effort to become a global...

  • Defendants in California and Massachusetts have sought to take advantage of a December ruling from the 2nd U.S. Circuit Court of Appeals in New York that narrowed the definition of insider trading, making it harder for prosecutors to pursue their cases. The challenges raise the possibility that the 2nd Circuit decision, legally binding only in New York,...

  • NEW YORK, Jan 23- Federal prosecutors in New York on Friday asked a U.S. appeals court to reconsider a landmark ruling that curtailed their ability to pursue insider trading cases and jeopardized several convictions. Attorney Preet Bharara asked the 2nd U.S. Circuit Court of Appeals to grant a rehearing in the case of hedge fund managers Todd Newman and Anthony...

  • NEW YORK, Jan 23- Federal prosecutors in New York plan on Friday to ask a U.S. appeals court to reconsider a landmark ruling that curtailed their ability to pursue insider trading cases and jeopardized several convictions. Prosecutors will ask the 2nd U.S. Circuit Court of Appeals to grant a rehearing in the case of hedge fund managers Todd Newman and Anthony...