International Business Machines Corp. Chief Executive Officer Ginni Rometty, facing more skeptical investors after the company missed quarterly earnings estimates for the first time in eight years, said she remains confident about reaching long-term profit goals.
International Business Machines Corp., the biggest computer-services company, boosted its dividend 12 percent and approved $5 billion in stock buybacks, rewarding investors after a disappointing earnings report.
International Business Machine Corp.’s Watson computer, best known for beating champions of the quiz show “Jeopardy!” may contribute $2.65 billion in revenue in 2015, according to a Credit Agricole Securities USA analyst.
Microsoft Corp. needs to shed its image as the world’s biggest purveyor of workplace software and draw on its success selling the Xbox gaming console if it wants a shot at introducing a tablet to challenge Apple Inc.’s iPad.
International Business Machines Corp., the biggest computer-services company, reported third- quarter sales that missed analysts’ estimates on slowing revenue growth at its software, hardware and services businesses.
AOL Inc., under shareholder pressure to make changes as revenue shrinks, agreed to sell and license patents to Microsoft Corp. in a transaction valued at $1.06 billion, triggering its biggest stock gain in two years.