International Business Machines Corp., the world’s largest provider of computing services, continues to face economic challenges as it tries to reignite declining sales, Senior Vice President Erich Clementi said.
U.S. financial regulations that curb banks’ ability to speculate with their own money included an exemption for the $3.7 trillion municipal bond market after issuers complained the rules could increase borrowing costs.
Verizon Wireless said it’s open to accepting unused airwave licenses as payment for at least part of the spectrum it’s trying to sell, giving likely bidder T- Mobile US Inc. more flexibility to prepare an offer.
Texas Instruments Inc., the largest analog chipmaker, forecast fourth-quarter sales and profit in line with analysts’ predictions as demand for car components makes up for weaker orders for other industrial equipment.
Economist forecasts for Treasury yields at the end of 2014 are the highest since Bloomberg began surveying for the figure in July amid speculation the Federal Reserve will start cutting bond purchases as soon as next week.
General Motors Co. is free from U.S. taxpayer ownership almost half a decade after first receiving government aid, underscoring the domestic auto industry’s rebound from the deepest downturn since the Great Depression.