International Business Machines Corp., the largest computer-services company, raised its annual forecast after second-quarter earnings topped analysts’ estimates, lifted by cost cuts and share buybacks.
Since Ian Read became Pfizer Inc.’s leader, he’s shed two non-drug businesses, reorganized the company into three separate units and pursued the largest merger in the history of the pharmaceutical industry.
General Electric Co. must decide whether to accept France’s terms to complete the acquisition of Alstom SA’s energy assets, the U.S. company’s biggest deal ever, after winning the government’s support.
Lowe’s Cos., the second-largest U.S. home-improvement chain, posted a 6.3 percent profit gain as the housing rebound spurred renovation spending. The company also announced a plan to buy back $5 billion in shares.